The erosion of accountability: Europe's anti-look-away law under siege – Triodos Investment Management

After a dozen years of arduous negotiation, the Corporate Sustainability Due Diligence Directive (CSDDD) was finally approved in April 2024. But now it needs protection.

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... The business lobby struck back and successfully pressured the European Commission to scale back this pivotal legislation. The changes to the CSDDD are alarming. It undermines the rights of factory workers outside the EU but also reflects a troubling hypocrisy.

When will we recognise that cleaning up our 'European street' is insufficient? As we stand at this crucial juncture, it is imperative for policymakers, businesses and consumers alike to reconsider their roles in the global economy.

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