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February 2024: Joint Letter Reiterating Support for CSDDD

On February 6, 2024, the Institutional Investors Group on Climate Change (IIGCC), the Principles for Responsible Investment (PRI), Eurosif - the European Sustainable Investment Forum, the Interfaith Center on Corporate Responsibility (ICCR), and the Investor Alliance for Human Rights (IAHR) released a statement reiterating their support for the agreement reached between the Council and European Parliament on the Corporate Sustainability Due Diligence Directive (CSDDD). We encourage EU Member States to maintain their commitment to support this directive at this week’s COREPER meeting.

The CSDDD offers a unique opportunity to establish a level playing field for sustainability due diligence across the EU. This will support financial and non-financial companies’ risk assessment and impact analysis, address gaps in the EU legislative framework and bring greater certainty in the future EU policy framework. Many businesses and stakeholders across Europe already expressed their support for implementing this law.