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Member states representatives came to an agreement late on Monday evening (Photo: consilium.europa.eu)

Council moves to drastically limit scope of EU due diligence rules

EU member state negotiators agreed late Monday (23 June) to scale back the bloc's Due Diligence Directive (CSDDD) — limiting it to corporate giants with at least 5000 staff and €1.5bn in turnover.

Corporate Sustainability Reporting (CSRD) has also been limited: where the rules previously applied to companies with 250 employees, they now apply only to those wit...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Member states representatives came to an agreement late on Monday evening (Photo: consilium.europa.eu)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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