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Following the release of the Corporate Sustainability Due Diligence Directive (CS3D) proposal by the European Commission in February 2022, the legislative process has progressed amid varying legislative positions, perspectives, and intense debates involving civil society representatives, businesses, and governments.
In this session, we will delve into the crucial role of stakeholder engagement within the framework of Corporate Sustainability Due Diligence, highlighting the expectations set forth by European legislation. We'll explore how comprehensive engagement with stakeholders—including workers, communities, and civil society—is essential for identifying and assessing sustainability impacts, ensuring transparency, and fostering accountability in business practices. Our discussion will provide actionable insights into developing a robust stakeholder engagement strategy, emphasizing the importance of identifying and prioritizing stakeholders, setting clear engagement goals, choosing appropriate methods of engagement, and the necessity of ongoing communication and adaptability. Furthermore, we will examine the myriad benefits that effective stakeholder engagement brings to sustainability due diligence, such as improved risk management, enhanced company reputation, more informed decision-making, and increased opportunities for innovation and collaboration.
By integrating these practices, businesses can not only meet regulatory demands but also secure long-term success and sustainability in an ever-evolving global marketplace.
JOIN THIS EUROPEAN ROUNDTABLE TO:
Acquire the knowledge and tools needed to implement meaningful stakeholder engagement strategies that drive positive change and compliance with European legislative expectations.
Explore the benefits that effective stakeholder engagement brings to sustainability due diligence.