Directive (EU) 2024/1760 establishes a robust framework for corporate sustainability due diligence, aiming to ensure that large companies operating within the European Union actively assess and mitigate their impact on human rights and the environment. This directive is a critical part of the EU's sustainable finance framework and its agenda for corporate social responsibility.
Directive (EU) 2024/1760 is designed to integrate sustainability into the core business operations of companies. It mandates that covered entities not only take responsibility for their own actions but also for their entire value chain, which includes upstream suppliers and downstream users. The Directive seeks to promote sustainable and responsible corporate behaviour across global supply chains and to prevent and mitigate adverse impacts related to human rights and the environment.
Directive (EU) 2024/1760 sets out to forge a sustainable corporate culture that not only respects human rights and environmental standards but also holds corporations accountable for their impact across their operational spectrum. Compliance will require substantial effort from affected businesses but promises to enhance corporate accountability and sustainability in the long term.
