Compliance Perspectives

By Adam Turteltaub On February 22, 2022 the European Commission adopted a proposal for a directive on corporate sustainability due diligence.  In this podcast, George Porter, Knowledge and Training Manager at Ground Truth Intelligence reports that the directive, which is still being negotiated, is both a continuation of past measures and something new. It is designed to unify a great deal of previous regulations and create an ESG framework for both EU-based companies and those doing business in the EU. The directive covers three key areas: environmental risk, social goals such as modern slavery and child labor, and governance. The governance portion, importantly, addresses the duty of care and the need to conduct due diligence. It also significantly expands the stakes for organizations. Due diligence of the supply chain continues but organizations will now be responsible not just for how they sourced materials, but also how their products are disposed of. To back it all up there will be substantial potent