Statement
Sustainability
On 5 November 2024, HOTREC together with 26 industry partners in a coalition led by Business Europe, co-signed a joint position on the Corporate Sustainability Due Diligence Directive (CS3D). Overall, the coalition welcomes the European Commission’s intention to put administrative burden relief and simplification at the heart of its agenda. In this sense, the coalition asks for EU support in keeping businesses and SMEs competitive.
The coalition’s main asks:
-
Launch a comprehensive competitiveness assessment of CS3D in consultation with businesses and their business associations, to identify and address priority areas where simplification, clarification, and burden reduction should be achieved in implementing upcoming legislation and guidance.
-
Guidelines and legislation to be implemented should be adopted at least 2 years before compliance becomes mandatory, or the transition period should be extended.
-
Harmonisation and interoperability of rules should remain key pillars in this phase to support Europe’s competitiveness and ensure a well-functioning Single Market.
The coalition calls on the European Commission to closely monitor transposition measures while coordinating with EU Member States to ensure that divergence with the Directive is minimised.
