Latest Breaking News On - Supply chain due diligence act - Page 1 : vimarsana.com

In this Spend Matters Vendor Analysis, we give an overview of Daato, an ESG compliance solution built to address the challenges companies face with complying to different reporting frameworks. The regulatory landscape that procurement professionals have to navigate is constantly changing. New regulations are frequently being introduced, especially regarding sustainability. For example, in March 2024, the EU Member States approved the updated text of the Corporate Sustainability Due Diligence Directive (CSDDD). However, the European Parliament still has to vote on it. If passed, the CSDDD would introduce new requirements for companies to conduct sustainability due diligence across their operations, subsidiaries and supply chain. The text introduces compromises in its scope of application. Thresholds for companies covered was raised to 1,000 employees and revenue exceeding €450 million (with a staged approach), approximately a two-thirds reduction of companies covered by the previous t

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