home - Future Sustainability Expert Talk: EU´s Corporate Sustainability Due Diligence Directive – What role should the financial sector play?

The financial sector plays a pivotal role in shaping our economy by supporting companies across diverse industries. However, with the escalating environmental and social challenges, there arises a pertinent question regarding the adequacy of the measures undertaken by the EU to equip its financial institutions to identify and address sustainability-related risks within their portfolios.

The Corporate Sustainability Due Diligence Directive (CSDDD) stands as an opportunity to establish a comprehensive framework for more informed and responsible financial practices. While the European Central Bank and many parliamentarians have clearly spoken out in favor of financial market integration, there are also many dissenting voices from various stakeholders. Even the EU member states are divided. But, what role should the financial sector play?

One day before the previous trilogue negotiations, Susanne Bergius (Tagesspiegel Background Sustainable Finance) discussed with high-profile speakers from the financial sector, politics, and civil society how the trilogue negotiations were progressing, what role the financial sector plays in an effective directive, and how integration could take place.

The Tagesspiegel is the leading media from the capital. It has the highest paid circulation of any newspaper in the capital region, with a market share that has been growing for over ten years. The Tagesspiegel is one of the most quoted newspapers in Germany and reaches more political decision-makers in the capital than all national subscription newspapers combined. The editorial team and publishing house are continually expanding in order to meet the challenges of the media market with innovations. The Tagesspiegel - like the Zeit, the Handelsblatt and the Wirtschaftswoche - belongs to Dieter von Holtzbrinck's DvH Medien GmbH.