The Flanders-China Chamber of Commerce is organizing a webinar which focuses on “Understanding the Corporate Sustainability Due Diligence Directive and its Impact on Business Practices." This webinar will take place on October 10 at 10h00 CEST.
Part 1: Corporate Sustainability Due Diligence Directive (CSDDD)
The CSDDD is a significant regulatory initiative from the European Commission aimed at promoting sustainable and responsible business practices across the EU. It imposes obligations on companies to identify, prevent, and mitigate human rights violations and environmental impacts throughout their value chains. The directive is set to impact a wide range of industries, with an emphasis on corporate accountability and transparency.
Part 2: Key Requirements and Scope
Under the CSDDD, companies will be required to conduct due diligence on their suppliers, contractors, and business partners, ensuring that their operations align with European and international sustainability standards. The directive applies to large companies, demanding the implementation of comprehensive risk assessment and due diligence processes. Compliance will be closely monitored by competent authorities, with potential penalties for non-adherence.
Part 3: Implications for Businesses and Future Steps
Businesses need to prepare by integrating sustainability due diligence into their operations, fostering collaboration across the supply chain, and adopting a proactive approach to risk management. Our webinar will explore the practical steps for ensuring compliance, the role of key stakeholders, and the broader implications for corporate governance and sustainability strategies in the evolving regulatory landscape.
The program is as follows:
10:00 - 10:05: Introduction by Ms. Gwenn Sonck, Executive Director, Flanders-China Chamber of Commerce/EU-China Business Association
10:05 - 10:45: Presentations by
Mr. Tom Wallyn, Director of Sustainability at PwC, and his colleague,
Ms. Caroline Schmidt, Senior Manager Environment and Sustainability
10:45 - 11:00: Q&A Session
Practical information:
Date and time: 10 October 2024, 10h00 CEST
Location: Online
Price for Members: Free
Price for non-members: Free
