July 25, 2024, marks the entry into force of the EU Corporate Sustainability Due Diligence Directive. However, the attention of national governments, the business community, academics, human rights defenders, and civil society organizations—both within the EU and globally—has long been focused on this document. It represents a significant turning point, as due diligence on human rights and the environment is now becoming mandatory for large companies in the EU, including their entire chains of activity.
These changes are particularly relevant for Ukraine, not only in the context of European integration processes but also because Ukrainian companies are already integrated into European business chains. Additionally, the Directive influences investors’ expectations regarding responsible business practices. Corporate sustainability due diligence is explicitly referenced in documents related to Ukraine’s recovery. The Directive places special emphasis on conducting business in conflict-affected areas, which significantly heightens the scrutiny of European partners on how companies and investors operate in Ukraine.
The academic community and civil society play a crucial role in shaping and advancing the legal framework for responsible business conduct and its transformative potential. The EU Corporate Sustainability Due Diligence Directive is part of a broader discourse on the role of business in the democratic development of society, including its impact on human rights and the rule of law.
This event is organized by the Law Group at Wageningen University as part of the Rebalance project and has been included in the Kharkiv Legal Forum program.
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