Q&A -The CCCEU's Comment on Recent Voting Result of the CSDDD

February 29, 2024, Brussels

Question: On Feb. 28, EU member states failed to vote in favour of the Corporate Sustainability Due Diligence Directive (CSDDD); what is the CCCEU's comment?

Answer: China Chamber of Commerce to the EU (CCCEU) takes note of the recent voting result of the Corporate Sustainability Due Diligence Directive (CSDDD) by EU member states on February 28, 2024. In a written submission to the European Commission back in May 2022, the chamber expressed concerns regarding the proposed CSDDD rules, citing potential unbalanced, disproportionate, and ambiguous obligations for all business operators. Our members also voiced apprehensions that CSDDD might necessitate subject companies undertaking due diligence along their entire value chains, both directly and indirectly, at a level surpassing their control and capabilities.

In light of these concerns, the voting outcome of CSDDD on February 28, 2024, is perceived as a response to the apprehensions widely shared by the business communities. It addresses worries regarding burdensome compliance and excessive administrative costs that could potentially result from the proposed CSDD rules.

That being said, the CCCEU and its members reaffirm the belief that corporations play a pivotal role in fostering a sustainable economy and society. We recognise the importance of promoting sustainable and responsible corporate practices across global trade and supply chains. Therefore, we are supportive of international and multilateral initiatives when it comes to respecting human rights and environmental protection.