ACCA welcomes the opportunity to contribute to the European Commission's (EC) consultation on guidelines supporting Corporate Sustainability Due Diligence (CSDD). The Guidelines can strengthen governance by helping organisations identify, assess, prioritise, and manage adverse impacts. The aim should be to support businesses to make better-informed decisions.

To achieve this, guidance should encourage effective governance rather than a compliance-driven, 'tick-box' approach. It should help boards and management exercise sound judgement and embed due diligence. Rather than responding to individual questions, our response focuses on three overarching themes. Those include guidance that helps organisations prioritise adverse impacts, proportionality, and interoperability. ACCA views these as fundamental to effective implementation.

To read ACCA’s complete comments, please download the document found on this page.