Making human rights due diligence a legal requirement for companies including systems to identify, assess, mitigate or manage human rights risks and impacts to improve that process over time and to disclose the risks and impacts, the steps taken and the results.
Media Reports
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The entities welcome the directive and urge EU legislators to do support it
The statement includes that following '“The CSDDD is substantially aligned with the international standards on Responsible Business Conduct. This makes it credible and its implementation manageable.” “At the same time, it is ground-breaking as it makes due diligence mandatory for companies that are in scope across the EU.” “We support the CSDDD and call on European decision-makers to do so as well.'
Media Reports
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The signed entities support the introduction of a mandatory human rights and environmental due diligence law at the EU level and call on their governments to vote in favour of the CSDDD.
"As Nordic businesses, we recognize that there is a critical need for business to play their part in addressing the urgent human rights and environmental challenges we face globally.""With the Corporate Sustainability Due Diligence Directive (CSDDD), the EU has a unique opportunity to harness the transformative power of the UN Guiding Principles on Business and Human Rights. This will further strengthen the relationship between business and society and the realization of sustainable development. A mandatory human rights and environmental due diligence law that is applicable throughout the EU would serve as an international benchmark for advancing responsible business conduct. It would also create a level playing field across the EU to drive much needed action""We call upon our governments to continue to play a leadership role by supporting the CSDD in the final stages of the legislative process, including by voting in favour of the initiative at the upcoming Council meeting."
Legislation | Phase of Active Company Engagement | Position |
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Trade Association | Performance band |
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Confederation of Danish Industry | F |