Corporate Sustainability Due Diligence in Groups of Companies

Corporate Sustainability Due Diligence in Groups of Companies

The new proposal for a Corporate Sustainability Due Diligence Directive (CSDDD) will require that certain parent companies must conduct due diligence in their subsidiaries. To comply a parent company needs to determine which subsidiaries are covered by these duties, how to conduct this due diligence...

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Veröffentlicht in:European company law 2022-10, Vol.19 (Issue 5), p.119-130
1. Verfasser: Engsig Sørensen, Karsten
Format: Artikel
Sprache:eng
Schlagworte:
Accounting
Due diligence
Employees
Financial reporting
Subsidiaries
Sustainability
Value chain
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container_issue Issue 5
container_start_page 119
container_title European company law
container_volume 19
creator Engsig Sørensen, Karsten
description The new proposal for a Corporate Sustainability Due Diligence Directive (CSDDD) will require that certain parent companies must conduct due diligence in their subsidiaries. To comply a parent company needs to determine which subsidiaries are covered by these duties, how to conduct this due diligence and finally how it may be enforced by stakeholders in the subsidiaries. An analysis of the proposal shows that the answer to these very relevant questions is not always straightforward nor are the solutions chosen in the proposal always the most optimal. Furthermore, it seems likely that the proposed directive – if adopted – will affect how groups are structured and how they operate. corporate groups, Corporate Sustainability Due Diligence Directive, parent and subsidiary companies
doi_str_mv 10.54648/EUCL2022021
format Article
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ispartof European company law, 2022-10, Vol.19 (Issue 5), p.119-130
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subjects Accounting
Due diligence
Employees
Financial reporting
Subsidiaries
Sustainability
Value chain
title Corporate Sustainability Due Diligence in Groups of Companies
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