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 entity acknowledges the necessity and importance of due diligence schemes and welcomes the Commission’s inception impact assessment. However, it does not entirely agreed with the legal requirements for due diligence.
The entity states that: ‘Danske Bank welcomes the Commission’s inception impact assessment and supports further alignment of the sustainability requirements that apply to the European corporate governance framework. Further alignment will increase transparency and may assist to reduce regulatory fragmentation due to individual Member States introducing (further) mandatory horizontal due diligence schemes or initiatives related to corporate governance. As a starting point, we however suggest that the EU Commission maps more thoroughly the extent to which Member States’ regulations already cover specific parts of sustainability for specific types of companies.’ However, the entity has not entirely agreed to the legal requirements for due diligence.
| Legislation | Position |
|---|---|
| EU CSDDD | Neutral/Mixed |
| Trade Association | Performance band |
|---|