「기업의 지속가능성에 대한 상당한 주의에 관한 EU 지침」의 제정과 시사점 = Enactment and implications of the Corporate Sustainability Due Diligence Directive (CSDDD) - Directive (EU) 2024/1760

다국어 초록 (Multilingual Abstract)

Today, 'sustainability' has become the most common purpose in all areas of corporate law. Since the adoption of the UN Guiding Principles on Business and Human Rights in 2011, governments, companies, international institutions, and initiatives have adopted many soft laws that support 'sustainability,' with some being established as hard laws. As one of the soft laws, the International Sustainability Standards Board (ISSB) under the International Financial Reporting Standards (IFRS) Foundation issued the first sustainability information standard (IFRS S1 [General Requirements of Sustainability-related Financial Information]) on June 26, 2023, to improve the consistency and comparability of sustainability information.
In hard law, on July 5, 2024, the Corporate Sustainability Due Diligence Directive (CSDDD) was formally published in the Official Journal of the European Union and entered into force on July 25, 2024. It will mandate companies to identify, mitigate, and report on the impact of their operations and supply chains on human rights and the environment. Directive (EU) 2024/1760 applies to both EU and non-EU companies operating in the EU, ensuring that companies active in the internal market contribute to sustainable development and the sustainability transition of economies and societies.
Within the next two years, 27 EU member states must complete their legislation, and from July 26, 2027, companies both inside and outside the EU will be obliged to conduct due diligence regarding human rights and environmental sustainability. It is also expected that some Korean companies will be subject to this directive. Apart from this, the directive is one of the strong global standards, as it is a very important legislative measure in the EU, codified for sustainable functionality. This paper introduces the background, process, future progress, and main contents of the EU Directive. Through this, it is intended to help Korean companies find the direction and standards of legislation and policy that meet international standards in the global trends of ESG, SDGs, and PRI.