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Protesters at the Youth Led Climate Strike. (Photo: Peg Hunter)

The 'BlackRock exemption' has no place in the EU's due diligence directive

Thursday (8 June) marks the start of the trilogues to finalise the European Corporate Sustainability Due Diligence Directive (CSDDD).

The CSDDD is Europe's attempt to compel EU-based companies to prevent, address and remedy environmental or human rights risks and adverse impacts in their global value chains. The stakes are high, as the negotiations between officials from the European Commission, the Council, and the Parliament kick off.

One of the most contentious issues up for ...

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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Myriam Vander Stichele is a senior researcher at SOMO and an expert on the financial sector.

Joseph Wilde-Ramsing is director of advocacy at SOMO and an expert on due diligence.

Protesters at the Youth Led Climate Strike. (Photo: Peg Hunter)

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Author Bio

Myriam Vander Stichele is a senior researcher at SOMO and an expert on the financial sector.

Joseph Wilde-Ramsing is director of advocacy at SOMO and an expert on due diligence.

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