Aspects of Due Diligence in the Field of Corporate Sustainability

Abstract

The behavior of businesses in all sectors of the economy is essential for the success of the European Union’s sustainability objectives, as businesses, especially large ones, rely on global value chains. It is also in the interest of businesses to protect human rights and the environment, given the growing concern of consumers and investors on these topics. Directive (EU) 2024/1760 on due diligence in the field of corporate sustainability also contributes to the European Pillar of Social Rights, which promotes rights ensuring fair working conditions. This study aims to analyse the novelties that this Directive brings to European Union law by highlighting the social component of business.