Harmonization Pains but Stakeholders’ Gain
The Article 13 EU Corporate Sustainability Due Diligence Directive is home of the meaningful engagement provision. It is significantly more robust than similar provisions in national due diligence legislation in France, Germany and Norway. Despite the fact that a number of differences between EU CSDDD and these national laws is likely to give rise to some “harmonization pains”, one silver lining exists: stakeholders gain some leverage.
