EU Parliament Votes to Require Companies to Introduce Climate Transition Plans

Mark Segal reports for on June 1, 2023:

Lawmakers in the European Parliament voted 366-225 on Thursday on new rules requiring companies to identify and address the impact of their activities and value chains on human rights and the environment, as well as a new requirement to adopt and implement climate transition plans.

The new rules form Parliament’s negotiating position on the EU Commission’s proposed corporate sustainability due diligence directive (CSDDD), released in February 2022. The EU Council adopted its position on the directive in December 2022.

To read the full article, please click on this link.

Image credit: Image by Freepik.

Your account