In February 2025, the EU Commission introduced the Omnibus Simplification Package to streamline sustainability regulations. This package includes two proposed Directives: the “Stop-the-clock” Directive, which proposes delaying the CSRD and CSDDD compliance timelines, and a second Directive that suggests substantive changes to both the CSRD and CSDDD. The “Stop-the-clock” Directive is now close to being approved, giving businesses more certainty on the timeline for compliance.
On 26 February 2025, the European Commission published multiple policy documents and legislative proposals, following through on its commitment to improve the EU’s competitiveness under the European Commission’s Competitiveness Compass published on 29 January 2025.
In keeping with tradition, we are pleased to invite you to our annual Global Year-End Review of Import/Export & Trade Compliance Developments Conference. The conference will provide valuable insights on the latest developments, challenges and opportunities in the ever-changing landscape of international trade.
We are holding this conference in a split-hybrid format, with an in-person event in Santa Clara, CA, on 12 November and virtual panels on 19-21 November.
On 23 May 2024, the EU’s Critical Raw Materials Act (CRMA), published as Regulation (EU) 2024/1252, entered into force following its adoption by the Council of the EU and European Parliament on 11 April 2024 and its publication in the EU’s Official Journal earlier this month. We are pleased to provide you with an assessment of the relevance of the CRMA and the implications it will have.
On 23 May 2024, the EU’s Critical Raw Materials Act, published as Regulation (EU) 2024/1252, entered into force following its adoption by the Council of the EU and European Parliament on 11 April 2024 and its publication in the EU’s Official Journal earlier this month.
In a major shakeup to businesses’ obligations relating to human rights, environmental standards and climate change, the Corporate Sustainability Due Diligence Directive (CS3D) is set to become law. In this article, we focus on the climate-related obligations enshrined in the CS3D: the obligation imposed on companies to adopt and put into effect climate transition plans.
On 21 March 2024, the United Nations General Assembly adopted Resolution A/78/L.49 on “Seizing the opportunities of safe, secure and trustworthy artificial intelligence systems for sustainable development”. This marks the first-ever resolution adopted by the United Nations (UN) on the matter of artificial intelligence (AI) and is therefore a milestone in its governance. Although the resolution has no immediate binding effect, its content will further guide the regulatory development of AI technologies on the national and international level in the years to come and marks a step in the “race to AI regulation”.
In a major shakeup to businesses’ obligations relating to human rights, environmental standards and climate change, the Corporate Sustainability Due Diligence Directive is set to become law.
In this article, we focus on the nature of the due diligence obligations: what is required in terms of diligence, what types of impacts are covered, etc.
After long and tough discussions, EU ambassadors adopted a new compromise proposal on the Corporate Sustainability Due Diligence Directive (CSDDD) in Brussels on 15 March 2024. Now the measures are likely to pass into law. The next step is for the Parliament to give its approval.
On 15 March 2024 a new compromise proposal of the Corporate Sustainability Due Diligence Directive (CSDDD) was agreed upon by the EU Member States. The CSDDD sets out human rights and environmental due diligence obligations for companies within and also outside of the EU. Some key regulations have been eased in order to reach an agreement and pave the way for passing the law. As a next step the European Parliament has to adopt the Directive before the Member States will have to transpose the Directive into national law.