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Position paper - Proposal for a Directive on corporate sustainability due diligence
The American Chamber of Commerce to the EU (AmCham EU) appreciates the opportunity to provide feedback on the proposed Corporate Sustainability Due Diligence Directive (CS3D), and we strongly believe that multi-stakeholder dialogue is the most efficient way to establish an operational framework that respects human rights and the environment across value chains.
The introduction of a common set of binding legal requirements on mandatory human rights and environmental due diligence for all sectors and companies irrespective of size furthers important objectives. Such requirements must, however, also serve to combat growing internal market fragmentation, which is proving unworkable for companies. Legislation must ensure that there is a level playing field and that requirements are the same for companies domiciled in or outside the EU. The proposal needs to be improved to have an effective worldwide impact that supports the EU’s global political and strategic ambitions.