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First, the European Parliament voted on and adopted the proposal for a Directive on Corporate Sustainability Due Diligence (CSDDD) with 374 votes in favour, 235 against and 19 abstentions (see also the European Parliament’s Press Release ). It introduces responsible authorities and a database of forced labour risk areas or products.
Since being introduced, most brands have yet to comment on the measure and its potential implications for their ESG due diligence efforts. The Act is part of a growing international trend to make corporate ESG due diligence and disclosure mandatory. The Act’s Implications for ESG Compliance. In addition, the U.S.
4] Canadas statute is an updated version of what have been called constituency statutes in the United States, which explicitly expand the fiduciary duties of corporate managers and directors beyond shareholders but do not usually include the environment among allowable factors, except in Arizona and Texas. [5]
The Court held that the provision used “extension” in its “temporal sense,” but that the statute did not impose a “continuity requirement” and instead allowed small refineries to apply for hardship extensions “at any time.” In re Enbridge Energy, LP , Nos. EPA’s response to the petitions is due on August 5, 2021. 20-1778 (U.S.
In Minnesota, the district court granted the State of Minnesota’s motion to remand its case, which asserts state law claims under common law and consumer protection statutes. s consumer protection statute. On March 26, 2021, the court denied Exxon’s emergency motion for a temporary stay of the remand order.
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