"EU Council Faces Outrage as Corporate Sustainability Law Vote Fails"

1 min read
Source: ESG Today
"EU Council Faces Outrage as Corporate Sustainability Law Vote Fails"
Photo: ESG Today
TL;DR Summary

The European Council failed to approve a new corporate sustainability due diligence law, facing objections from countries including Germany and Italy, despite a provisional agreement with the EU Parliament. The law aimed to set mandatory obligations for companies to address their negative impacts on human rights and the environment, but faced setbacks and last-minute efforts to scale back its scope. Sustainability-focused groups expressed disappointment, emphasizing the need for responsible corporate behavior and urging the EU to find a way to ensure the legislation's approval.

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