The EU Corporate Sustainability Due Diligence Directive looks finally set to become law, following the decision by the EU Council to approve the legislation on 15 March 2024. Just a few weeks ago, its future hung in the balance. An unexpected move by Germany to abstain in a crucial Council vote, followed by Italy, led to the vote being pulled. The publicly-stated reasons for these last-minute wobbles were concerns about increasing ‘red tape’ for businesses during challenging economic times.
