Brussels confirms dramatic U-turn on corporate green rules
4 of 5 companies would be exempt from EU corporate sustainability reporting as part of Brussels’ anti-red tape drive.
4 of 5 companies would be exempt from EU corporate sustainability reporting as part of Brussels’ anti-red tape drive.
Many businesses would be exempt from complying with sustainability reporting under the hotly anticipated omnibus proposal.
Watchdog got just 48 hours to scrutinise tech executive Poppy Gustafsson, who made her name at Mike Lynch’s Autonomy and Darktrace firms.
The French president’s anti-regulation push has thrown his environmental legacy into doubt and angered many in his own party.
Europe has the potential to play an important role, but it will have to move fast, and be smart and more united than before.
POLITICO a analysรฉ chaque ligne de la boussole pour la compรฉtitivitรฉ de Bruxelles (pour vous รฉviter dโavoir ร le faire).
The vast amount of toxic waste in the area led to increased rates of cancer, the court found.
The European Commission’s policy plans point to growth even as it tries to hold on to ambitious climate goals.
Brussels hopes simplifying green compliance rules will boost Europe’s flagging economy. Green groups fear something more sinister.
Security industry guns-for-hire are warned they could face jail time if they work for hostile states โ even accidentally.
European Commission president is in Berlin for her first public appearance since she was admitted to hospital.
The European Commission’s industry chief is lining up help for energy-hungry industries, aiming to stoke demand for them via public procurement.
Expect a rerun of the same old fights โ from green rules to defense spending.
“I’m not bluffing” in LNG threat, Qatari Energy Minister Saad Sherida al-Kaabi tells the FT.
Energy minister warns Doha โnot bluffingโ over hefty penalties in corporate sustainability directive
Exclusive: Complaint says Equinor is unlawfully connected to Israelโs Delek Group, which has been flagged by UN human rights commissionerThe Norwegian oil company Equinor is being sued over alleged business links to the Israeli energy company Delek Gro…
But the EPP’s proposal to weaken the law failed, in a blow to the center-right group’s anti-red tape drive.
Banana exporters from Ecuador describe a recent Lidl offer as the โstraw that broke the camelโs back.”
Experts fear tough rules for the art world โ meant to root out criminals โย will send business to New York and Hong Kong.
Josep Borrell said legislation going into effect in 2027 would require compensation to victims of abuses, after POLITICO revealed links between TotalEnergies and a massacre in Mozambique.
Kyiv has long campaigned for Russia to be on the Financial Action Task Force’s register.
The Irish republicans had hoped to lead the next government in Dublin โ but a surge in scandals and infighting are undermining its ambitions.
Professor Steve Peers, Royal Holloway University of London
Photo credit: Mstyslav Chernov, via Wikimedia
Commons
Hamster idiom credit: Adam Sharp
(Thanks to Zoe Gardner for discussion of the case;
the following analysis is my own)
Introduc…
The proposed extension of the transition period for the EU’s anti-deforestation rules has many worried that reopening the file could end up weakening some of its provisions.
The EUDR requires stringent due diligence that sheds light on long supply chains that often obscure human rights violations. Voluntary pledges cannot substitute for this regulation. Luciana Tรฉllez Chรกvez writes.
Professor Steve Peers, Royal Holloway University of
London
Photo credit: mikemacmarketing, image via vpnsrus
Full disclosure first: After exactly
ten and a half years, I stopped posting on X (formerly Twitter) on August 10,
2024. I cou…
Human rights organizations called for thorough independent investigation.
German media group has been lobbying against the rules.
This weekโs indictment of a social media content firm shows how itโs getting easier and easier for Russia to influence U.S. elections.
Former banker Ian Corfield donated thousands to politicians including Chancellor Rachel Reeves before his appointment.
Germanyโs plans to reduce the scope of its national supply chain due diligence law, in line with the EU directive that will enter into force later this month, could collide with EU law, legal experts told Euractiv.
Rishi Sunak played a bad hand appallingly โ and paid a terrible price.
The fact Moscow is so keen to discredit export controls may well be a clue that the measures arenโt ineffective.
Beijingโs intrusion means Western shipping lines must make sure their crews arenโt just masters of the seas but also able to understand the world of state-linked espionage.
The new impetus for Social Europe of the past five years has led to important and long-awaited policy initiatives, including on minimum wages, platform work and corporate due diligence. However, progress in this field remains both fragile and fragmente…
Professor Steve Peers,
Royal Holloway, University of London
Photo credit: Ggia, via Wikimedia Commons(last updated 10 June 2024: changed text marked by an asterisk)Just before Christmas, the
European Parliament and the Council (the EU body consi…
European Parliament vetoes British territory’s removal from money-laundering watchlist amid EU-U.K. talks on its future.
The allegation comes as MEPs vote to keep the British territory on the EU’s money-laundering watchlist, despite European Commission’s decision to remove it.
On Wednesday, Parliament gave a final green light to new rules obliging firms to mitigate their negative impact on human rights and the environment.Committee on Legal Affairs Source : ยฉ European Union, 2024 – EP
Lead MEP Lara Wolters (S&D, NL) will brief journalists on the new rules for corporate sustainability through due diligence following the final plenary vote.Committee on Legal Affairs Source : ยฉ European Union, 2024 – EP
Alessandra Fratini and Giorgia
Lo Tauro, FratiniVergano European Lawyers
Photo credit: Lobo Studio Hamburg, via Wikimedia Commons
1 Introduction
The EUโs Digital Services Act (DSA)
institutionalises
the tasks and responsibilities of โt…
German social democratic ministers for Labour, Hubertus Heil, and economic development, Svenja Schulze, have defended the EU Corporate Sustainability Due Diligence Directive (CSDDD) against criticism from their coalition partner, liberal FDP.
We will continue to the bitter end of this battle, begun five years ago, to defend workers’ rights and the environment in the face of multinationals’ crimes, MEP Manon Aubry writes.
In December 2023, a provisional agreement was reached on a corporate sustainability due diligence Directive, with a primary goal of enhancing human rights protection. This report will examine abusive subcontracting practices and explore additional meas…
Capitals secured major concessions in their last-minute push against more stringent rules.
Member states have formally, and finally, adopted the corporate sustainability due diligence directive โ but the landmark legislation was severely watered-down, and will not come into force for most companies until the end of the decade.
After weeks of uncertainty, new EU rules on sustainable supply chains seem likely to pass into law.
The number of European companies impacted by EU corporate due diligence rules (CSDDD) has been squeezed by almost 70% of the original EU co-legislators agreed in December, according to data seen by Euractiv ahead of Friday’s (15 March) crucial vote.
On this episode of our daily podcast Today in the EU, weโre diving into the EU Corporate Sustainability Due Diligence Law, which is getting its final push on Friday 15th of March.
In a fresh nod to EU farmers who have been protesting across the bloc for weeks, the Belgian Presidency of the EU Council included a political message in support of farmers in its draft compromise on the controversial EU corporate due diligence law, se…
Among those expressing support for the move is former U.S. Secretary of State Mike Pompeo.
Belgian officials started to test the water for a speedy legislative solution to save the draft EU corporate due diligence law by mid-March, Euractiv understands, after numerous member-state defections forced them to abort a closely-watched vote betwee…
Member states failed on Wednesday to agree to the EU’s long-awaited Corporate Sustainable Due Diligence Directive, after 13 EU ambassadors declared abstention and one, Sweden, expressed opposition (there was no formal vote), EUobserver has learned.
Lead MEP Lara Wolters (S&D, NL) will update journalists on the status of the new rules for corporate sustainability through due diligence following the Coreper vote.Committee on Legal Affairs Source : ยฉ European Union, 2024 – EP
Europeโs conservatives lost their battle against an environmental bill. But after the EU elections, they may win the war.ย
The EU Commission’s 2022 CSDDD proposal did not include provisions incorporating “conflict due diligence”, they were added, after the Russian invasion, by the European Parliament and Council into the final directive text โ for Ukraine’s sake, vote for …
While the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) is currently being blocked by Germany and Italy, high-profile food corporations are calling for its swift adoption to allow for “coherent and harmonised legislation” at EU level.
The European Commission chief is emboldening oppressive leaders, in effect telling them, donโt do as I say, if I bother to mention anything, do what you want to do.
The German conservatives have urged Chancellor Olaf Scholz to adopt measures they hope will address the countryโs economic problems, including getting rid of the EU supply chain law known as the corporate sustainability due diligence directive.
Germanyโs liberal FDP party wants to reopen negotiations on the EUโs Due Diligence Directive after the issue was removed from the agenda of a meeting of EU ambassadors last Friday, which the party says shows the poor quality of the preliminary agreemen…
Chemicals producer says audits revealed no wrongdoing but recent media reports crossed red lineThe German chemicals producer BASF has said it will withdraw from its two joint ventures in Xinjiang, after media reports about alleged human rights abuses r…
The Corporate Sustainability Due Diligence Directive (CSDDD) has been taken off the agenda of todayโs meeting of EU ambassadors, as it was not expected to reach a majority among EU countries. So far, no new date for the vote has been set.
Business and civil society groups have made a last-ditch effort to urge EU ministers not to collapse a key law on company due diligence ahead of a decisive vote on Friday.
Business and civil society groups have made a last-ditch effort to urge EU ministers not to collapse a key law on company due diligence ahead of a decisive vote on Friday.
There are fears that items originally from Europe are being used by Moscow on the battlefield.
German liberals have confirmed the abstention of the German government on the EUโs proposal for a corporate due diligence law that would see companies becoming liable for human right breaches in their supply chains.
Tara
Van Ho, Senior Lecturer in Law, University of Essex
Photo credit: Infrogmation
of New Orleans, via Wikimedia
commons
The European Unionโs Council and
Parliament have agreed to a provisional text for a new directive that …
Germany’s support for a law requiring firms in the European Union to take action if they find their supply chains in violation of human rights was thrown into doubt after one of its ruling parties sided with business groups opposing the proposal.
The EU’s new due diligence laws, designed to address deforestation and human rights abuses in supply chains, risk having an uneven effect on African economies and farming, as governments and industry scramble to prepare compliance regimes.
Researchers from the RAND Corporation โ which took more than $15 million this year from a group financed by a Facebook co-founder โ were a driving force behind the White Houseโs sweeping new AI reporting requirements.
The German industry blasted the agreement on the EUโs new due diligence law and warned that the new corporate rules would undermine Europeโs competitiveness and stifle its economy.
Paris successfully pushed for weaker due diligence reporting by lenders and state-backed funding for nuclear power plants
Negotiators of the European Council and Parliament agreed on Thursday (14 December) after an all-night discussion a compromise deal on the Corporate Sustainability Due Diligence Directive (CSDDD), including on the most controversial aspects of the incl…
Parliament and Council negotiators agreed on new rules obliging firms to integrate their human rights and environmental impact into their management systems.Committee on Legal Affairs Source : ยฉ European Union, 2023 – EP
Paris pushes against lenders being held liable for clientsโ environmental or human rights shortcomings
Lead MEP Lara Wolters (S&D, NL) will brief journalists on the outcome of the fifth trilogue and the possible agreement reached with member states on new rules for corporate sustainability.Committee on Legal Affairs Source : ยฉ European Union, 2023 – EP
In light of new supply chain laws, an effective due diligence and corporate responsibility is becoming of even greater importance for many companies. The case of Christmas trees shows which aspects are key to implementing fair supply chains.
The Spanish Presidency of the EU Council is asking member states to compromise on climate and civil liability provisions in exchange for a carve-out of finance from the proposed EU corporate accountability rules, amid growing calls to include the secto…
Plans to exclude finance from EU environmental due diligence legislation arenโt going down well with supervisors in Frankfurt
Despite years of work on the Green Deal, there are still no obligations for large companies in all sectors to actually reduce their emissions. The impending Corporate Sustainability Due Diligence Directive (CSDDD) offers a unique opportunity to force t…
The Spanish Presidency of the EU Council is leaning towards the exclusion of the financial sector from the EU corporate accountability rules, which are currently under inter-institutional negotiations, according to an internal document seen by Euractiv.
As representatives of the European Parliament and EU countries negotiate the details of the Corporate Sustainability Due Diligence Directive (CSDDD) in Brussels, visiting Guatemalan human rights activist Bernardo Caal Xol has urged them to implement th…
While the EU has so far failed to take appropriate action against the most invasive forms of spyware, the Corporate Sustainability Due Diligence Directive (CSDDD) could offer a crucial opportunity for the EU to rein in the rampant human rights…
New digital, defense and enlargement committees are in the offing.
As the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) is being discussed between member state governments and the European Parliament, it looks like one of the most significant pieces of corporate legislation in a long time is on the line.
Human rights lawyer Maxwell Atuhura and environmental activist Nick Omonuk have called on EU lawmakers to decide on a strong due diligence law so that they have an avenue to justice that is barred to them in Uganda.
EU countries are set to start discussions on the inclusion of the financial sector under the scope of the proposed EU corporate accountability directive, in an effort to find a negotiating mandate and strike a deal with the European Parliament.
The EU should include financial markets in the scope of its Corporate Sustainability Due Diligence Directive (CSDDD) to help reorientate capital markets towards more sustainable investments while making European financial markets more consistent and re…
Britain’s Tories are sounding friendly with Brexiteer Nigel Farage. POLITICO maps an unlikely but not impossible climb to the top.
Experts have welcomed the proposed EU law to hold companies accountable for adverse impacts along their entire value chain, but have also raised concerns about the negative impacts the new due diligence rules could have on economies of the Global South.
Join this EURACTIV Hybrid Conference to discuss the implications of the corporate sustainability due diligence directive. How can clear standards help collect the most relevant data from companies? And how can harmonious processes be enforced and lead …
Hastily compiled dossiers leave the bloc vulnerable to legal challenges.
Several EU member states have yet to decide on their position on some key aspects of the EU’s draft law to hold companies accountable for human rights and environmental violations throughout their value chain, slowing down the ongoing negotiations on t…
While civil society organisations look at the proposed EU due diligence rules with optimism for local communities abroad, foreign companies voice concerns over the lack of harmonisation of the draft rules as well as their extraterritorial dimension.
British companies “afraid to trade with Ukraine” due to threat of account closure from risk-averse banks, business chiefs warn.
Turkeyโs strategic straits are a trade superhighway โ and a lifeline for the Kremlinโs war machine.
With the 2024 European elections and the reorganisation of European Commission jobs looming, Brussels must hurry to conclude crucial negotiations on sustainable and diversified EU trade by the end of 2023.
Summit will be a major political and diplomatic test for the Brazilian leader.
Political limbo likely to hold back the Netherlands’ influence on key files in Brussels.
The former politician has conflated two different issues: British banksโ overzealous interpretation of anti-money laundering regulations and Coutts simply not wanting him as a customer.