EU leaders seek to kill due diligence requirements despite warnings

French and German leaders are pushing to kill the Corporate Sustainability Due Diligence Directive (CSDDD) as part of the EU’s Omnibus revision – despite economists’ warnings that doing so would result in “deep costs”.

France’s President Macron this week told business executives that CSDDD should not just be postponed by a year – as is already the case – but should instead be scrapped entirely, echoing similar comments by German Chancellor Friedrich Merz.