Professor and Associate Dean at Copenhagen Business School I focused on ESG and corporate sustainability
Germany rejects the #CSDDD compromise reached yesterday arguing that the directive is still "too bureaucratic and contains unmanageable civil liability risks" (Marco Buschmann, FDP). They suggest to "put the current legal text aside [...] and to work on a leaner proposal after the election." Yesterday's compromise deal was supposed to pull over Italy and France, and I do not think that negotiators ever seriously considered that it would change Germany's position. Coreper 1 vote is tomorrow - Germany has 18.72% of population-weighed votes. The CSDDD is rejected if 35% of votes and at least four member states either abstain or are against. Sometimes hope rests on a thin margin - in this case that no more than 16.28% of abstain/no votes come on top of Germany's...
This whole exercise is slightly absurd, considering that Germany and France already have corresponding legislation in place.
No words decent enough for posting to express my level of frustration.
I hope there wount be no FDP after the election! Considering the numbers of this party it causes remarkably huge damage for sustainability. It’s a shame!!
CSDDD is either dead or a farce given how much it got reduced already. Both are useless.
"too bureaucratic and contains unmanageable civil liability risks" I like that one. It means in other words: We don't want to get caught in the act of violating basic principles of sustainable actions.
Nostalgic for the time when Germany was a responsible leader on critical issues such as this. #leadership ? #csddd #fdp
This was expected
Chief External Affairs Officer, Global Reporting Initiative (GRI)
1moAndreas Rasche think you made a valid point in the podcast with Richard Howitt around the short sightedness of this position. How it basically undermines the position of farmers in Germany (and the rest of Europe) by allowing food products produced using force and child labour to enter the market and undercut the prices of locally produced food! #irresponsible