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EU due-diligence law approved by lawmakers, ready to enter into force

( April 24, 2024, 11:44 GMT | Official Statement) -- MLex Summary: The EU’s Corporate Sustainability Due Diligence Directive is ready to enter into force after the European Parliament approved the text today with 374 votes in favor, 235 against and 19 abstentions. The law will oblige large companies — with more than 1,000 employees and a worldwide turnover higher than 450 million euros — to mitigate the negative impact of their activity and their value chain’s activity on human rights and the environment. The Council of the EU will formally endorse the text, which will enter into force 20 days after its publication in the Official Journal.Full statement follows....

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