On December 14,2023, after tough negotiations and the decision to exclude the financial sector, European legislators reached an agreement on the introduction of sustainability due diligence measures. 15,000 European companies are under the radar. Those with sales exceeding €150 million and 500 employees, and so-called “high-impact” companies, with at least €40 million in sales and 250 employees. International companies of the same size operating in Europe, such as Shein or Temu, will also...
CSR: Europe reaches a political agreement on corporate sustainability due diligence
From 2025, the supply chains of European retailers, as well as those of large companies operating within the Old Continent, will have to respect human rights and environmental sustainability. 15,000 companies are affected.
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