Doing Business with the EU and Corporate Sustainability Due Diligence Directivr

Have you heard about Corporate Sustainability Due Diligence act in your company recently also known as DS3D? An initiative from the EU that spans globaly. It's a crucial topic that many businesses in North America have yet to address. However, some major companies are leading the way with proactive steps and significant initiatives.

So, what exactly is Corporate Sustainability Due Diligence? Well, on 25th July 2024, the Directive on corporate sustainability due diligence (Directive 2024/1760) came into effect. This Directive aims to promote sustainable and responsible corporate practices within companies' operations and throughout their global value chains. The new regulations will require companies within scope to recognize and mitigate any adverse human rights and environmental impacts resulting from their activities, both within and beyond Europe.

Both Human rights and Environmental impacts are two key topics that surround the world of transportation & Logistics. This initiative marks a significant step towards fostering sustainability and accountability in corporate practices, ensuring a more ethical and environmentally conscious approach to business operations.

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