Joint statement of support by responsible investors’ organisations for the Corporate Sustainability Due Diligence Directive (CSDDD)

Today, Eurosif,IAHR and the PRI, supported by 142 signatories, released a statement of support for an ambitious and effective EU directive on corporate sustainability due diligence (CSDDD). With this letter, signatories call for this EU directive to be a transformative step forward  to ensure a positive impact along the entire value chain and that economic activities tied to the EU single market are conducted in a responsible manner.

Key recommendations of this statement

1. Require robust, ongoing due diligence from financial and non-financial companies, throughout the value chain
2. Broaden the personal scope of EU financial and non-financial companies under the directive, in line with the Corporate Sustainability Reporting Directive (CSRD)
3. Ensure directors have responsibility and oversight of due diligence requirements, climate targets, and transition plans
4. Strengthen the link between directors’ variable remuneration and sustainability performance
5. Strengthen requirements on transition plans and increase alignment with CSRD

Next steps:

• 30th November 2022 – Deadline to amend Lara Wolters’ report in the JURI Committee of the European Parliament.
• 1st December 2022 – Competitiveness Council where the Council is expected to reach a general approach
• March 2022 – Expected timeline to reach an agreement in the European Parliament

Contact details

Aleksandra Palinska, Executive Director – aleksandra.palinska@eurosif.org