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.
The company discusses new compliance challenges for companies under the CSDDD but ultimately sees the legislation as an "important milestone" and "opportunity" towards achieving sustainability goals.
"The EU Supply Chain Act marks another important milestone on the road to ethical and responsible corporate governance. One of the major challenges for many companies will be not only to collect the relevant information across their entire supply chain ... but also to maintain the data continuously and as automatically as possible and to build strong long-term relationships with suppliers." "“As a result of the European Supply Chain Act, many companies will be faced with the additional work of preparing the required documentation. But this challenge is also an opportunity. Companies should embrace this chance to make concrete improvements in process efficiency that enable them to achieve their sustainability goals more quickly and easily.”
This joint statement signed by the CEOs of TotalEnergies SE and Siemens AG calls for the abolition of the CSDDD on behalf of the entities attending the 2025 Evian conference which includes this entity. There is no evidence of the entity stating support for the statement, it is added for clarification but the assessment is not part of the organisational score for this entity.
"CEOs call for the full abolishment of CS3D as a clear and symbolic signal to European and international companies that the governments and the Commission are really engaged to restore competitiveness in Europe."
| Legislation | Position |
|---|---|
| EU CSDDD | Supporting |
| Omnibus | Not Supporting |
| Trade Association | Performance band |
|---|