Major EU directive activated to drive corporate sustainability efforts

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🗞️ Driving the news: The EU's Corporate Sustainability Due Diligence Directive (CSDDD) has officially been activated, requiring large companies to incorporate sustainability into their operations and report on their supply chain's environmental credentials by 2027

🔭 The context: The directive targets EU-based companies with over 1,000 employees and global revenues exceeding €450 million, as well as non-EU entities meeting the same financial criteria within the EU
• Member states must align their national laws with the directive by July 2026

🌍 Why it matters for the planet: The CSDDD aims to enhance corporate responsibility, pushing major enterprises to reduce carbon emissions and adopt more sustainable business practices, which is crucial for global climate efforts

⏭️ What's next: Companies affected by the directive will need to implement significant changes in supply chain management and corporate governance to comply, setting a new standard for corporate environmental responsibility worldwide

💬 One quote: "The directive is a critical component of the EU’s broader environmental and corporate governance strategy," highlighting its role in fostering sustainability

📈 One stat: The directive affects companies with over €450 million in turnover and over 1,000 employees

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