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Partner and global head of ESG and Climate Change, Silke Goldberg says:
"So much work has gone in to the development of the Corporate Sustainability Due Diligence Directive, only for a brick wall to be put up where most lawmakers and politicians were expecting to see an open door.
"At face value it seems that there are concerted efforts to prevent the new directive from seeing the light of day, but it is not that simple. There are a number of countries with their own plans in place, indicating that we should be in no doubt; environmental and human rights due diligence is – and will remain – a legislative priority.
"So, whilst it may seem that today's delay is a brick wall, there are high hopes that it is nothing more than a stumbling block. After all, for the environment and for companies, the risks associated with getting this wrong will be severe."
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