Agreement on EU Due Diligence Act

The EU Parliament, Council, and Commission have reached a provisional agreement in the negotiations on the EU Due Diligence and Duty of Care Act (CSDDD). At another long trilogue meeting on Wednesday night, they were able to find compromises on the last contentious issues: Under pressure from the Council, the financial sector will initially be exempted from the obligations; the Parliament was again able to assert itself with regard to liability and the obligation to implement climate plans.