After initially supporting it, the French president is now attacking the European Corporate Sustainability Due Diligence Directive (CSDDD) and calling for its abolition, arguing that the proposed omnibus directive, which already significantly reduces companies' obligations in this area, does not go far enough.
Following in the footsteps of the new German chancellor Friedrich Merz (in defiance of his coalition agreement with the Social Democrats), Emmanuel Macron is now calling for the repeal of the CSDDD. At the ‘Choose France’ summit aimed at attracting investment from large companies in France, held on 19 May, the French president said that the directive and “a few other regulations should not simply be postponed for a year but scrapped”.
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Article authors
Antoine Piel
Section Head at Mind HR