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UK and EU corporate law update: CSDDD status, Spring Finance Bill 2024, EU digital company law reforms, FCA Listing Rules milestones, TNFD/QCA deadlines—21 March 2024

Published on: 21 March 2024

Published by a LexisNexis Corporate expert
Legal News
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Environmental, social and governance issues

EU Corporate Sustainability Due Diligence Directive—what’s the state of play?

Following several months of political back-and-forth and negotiation, the Member States ultimately signed off on a heavily reworked iteration of the EU Corporate Sustainability Due Diligence Directive on 15 March 2024. The European Parliament’s Legal Affairs Committee then cleared the draft text in a vote held on 19 March 2024. Next, the proposal heads to a concluding vote in the Parliament’s April plenary session, followed thereafter by a formal sign-off vote by the Council of the EU. If it clears those hurdles, publication in the Official Journal is anticipated to occur before the Belgian Council presidency concludes in June 2024. The version adopted now diverges materially and substantively from the provisional political deal first struck in December 2023. This commentary examines the principal modifications to the instrument...

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