The Corporate Sustainability Due Diligence Directive (CS3D) introduces obligations for companies with global value chains with an aim to enhance sustainable practices. However, the directive’s complexity raises significant challenges including inconsistent regulatory requirements, administrative burdens and disadvantages for small and medium-sized enterprises. To avoid these issues, the European Commission must prioritise a competitiveness assessment for the simplification and harmonisation of CS3D, fostering a level playing field. Together with 26 other industry associations, FESI is calling for clear guidelines, consistent implementation and adequate transition timelines to avoid excessive regulatory burdens on companies.
See our joint statement here.
