Sustainability: The new corporate standard

At the beginning of this year, the European Commission issued a draft Directive on Corporate Sustainability Due Diligence. If adopted as proposed, it will have a substantial impact on the obligations and liability exposure of board directors, as well as of companies themselves. The new duties The new rules would require companies within their scope to have procedures in place to identify, prevent, cease and mitigate adverse impacts on human rights and the environment. The obligations would extend not only to their own actions, but also to those by subsidiaries and persons with which th...