The Corporate Sustainability Due Diligence Directive (CSDDD) will also create more obligations and greater liability risks for more companies in Germany.
Directive (EU) 2024/1760 of the European Parliament and of the Council of 13 June 2024 on due diligence obligations of companies with regard to sustainability (the Directive) was published in the Official Journal on 5 July 2024. It will therefore enter into force on 26 July 2024. As it is a directive, it must be transposed into national law in order to be fully applicable. There is a two-year deadline for this from the date of entry into force, which will expire on 26 July 2026. Germany is expected to implement the directive by amending the Supply Chain Due Diligence Act (German LkSG).
Graduated applicability
Notwithstanding the fact that the Directive and the national transposition standards enter into force on a specific date, the Directive does not apply from the outset to all companies covered. It will apply in stages (Article 37)
For More see GTAI (German language)
