The Council approves the modified version of the CSDDD proposal. On March 15, the European Council (EC) approved it  modified version  of the proposed directive on due diligence for corporate sustainability (CSDDD). The main elements of the final compromise text are explained in our latest  CSDDD update . The current wording of the CDDDD already refers to the application of the OECD Guidelines for multinational companies, which emphasize the specifics of financial services and expect financial institutions to assess adverse impacts and use their impact on companies. The end of the European procedure for CSDDD is no longer in sight. If the European Parliament (EP) adopts the proposal as planned on April 24, the directive will be published in the Official Journal of the European Union. After the vote, member states have two years to transpose the directive into national law so that the CSDDD enters into force by 2026. (NautaDutilh, more at lexology.com)