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.
Main Web Site
The main organizational Web site of the company and its direct links to major affiliates and attached documents.
The entity welcomes the Omnibus package, which dilutes legal obligations and provides extended transition periods.
The entity states that, 'the European Commission took a welcome step in the right direction with the publication of the Omnibus Simplification Package'. It also points out that 'One critical step in this direction is the fast-tracked adoption of extended transition periods for both the CSRD and CS3D'.
Media Reports
Here we search in a consistent manner (the organization name and relevant query search terms) a set of web sites of representing reputable news or data aggregations. Supported by targeted searches of proprietary databases.
While signatories show general support for CS3D objectives, they urge rapid adoption of the postponement measures in the Omnibus package. Their position centres on delaying implementation.
The statement points out that: 'Although we stand behind the objectives of the CSRD and the CS3D, any setback in the adoption of the proposed postponement measure would jeopardise the stability and predictability that companies require to plan their long-term investments and compliance strategies'. It also indicates that 'reporting obligations under these laws are considerably resource intensive, often requiring additional headcount and a substantial financial investment. By swiftly postponing requirements set in the CSRD and the CS3D, policymakers can avoid squandering vital business resources'.
Media Reports
Here we search in a consistent manner (the organization name and relevant query search terms) a set of web sites of representing reputable news or data aggregations. Supported by targeted searches of proprietary databases.
The document considers that CS3D entails regulatory burden and calls for simplification, delay and clarification through implementing legislation.
The document states that 'The Corporate Sustainability Due Diligence Directive (“CS3D”), undoubtedly the flagship legislation adopted under the Green Deal, is particularly ambitious in terms of its scope thereby creating challenging and impactful new obligations for businesses with global value chains and in some instances rife unintended repercussions for the real economy in the EU and in third countries. ... We, the undersigned European associations representing companies and sectors impacted by the CS3D, welcome the European Commission’s intention to put administrative burden relief and simplification at the heart of its agenda'. It also calls for extending the implementation phase: 'Guidelines and implementing legislation should be adopted at least two years before compliance with legislation becomes mandatory or the transition period should be extended'.
Requiring Human rights due diligence of all companies, regardless of sector and size, while still reflecting their individual circumstances.
Main Web Site
The main organizational Web site of the company and its direct links to major affiliates and attached documents.
The entity welcomes the package and its implications for business of all sizes. The Package keeps leaving entities out of scope and reduces indirect involvement.
The entity indicates that, ‘the European Commission took a welcome step in the right direction with the publication of the Omnibus Simplification Package. This initiative presents an important opportunity to recalibrate the CSRD and CS3D frameworks, ensuring they effectively drive sustainability while remaining proportionate and manageable for businesses of all sizes’.
Require that companies implement contract clauses and Code of Conduct with business partners clarifying obligations to avoid and to address human rights harms.
Media Reports
Here we search in a consistent manner (the organization name and relevant query search terms) a set of web sites of representing reputable news or data aggregations. Supported by targeted searches of proprietary databases.
The signatories call for avoiding the extension of the scope of CS3D.
The statement indicates that: 'The competitiveness assessment should ensure that upcoming implementing legislation (e.g. on reporting and model contractual clauses.) and guidance are designed to help companies effectively comply with the new rules and that practical solutions are co-developed to address gaps or excessively burdensome provisions, rather than introduce additional layers of complexity or de facto extend the scope of the CS3D.'
| Legislation | Phase of Active Company Engagement | Position |
|---|
| Member | Performance band |
|---|