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Navigating the CSDD directive proposal : Implications and strategic planning for procurement in financial organisations
Straver, H.E. (2024) Navigating the CSDD directive proposal : Implications and strategic planning for procurement in financial organisations.
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| Abstract: | The European Green Deal, adverse impacts in global supply chains and fragmentation in EU member state due diligence laws led the European Commission (EC) to strive for a level playing field for businesses, focusing on responsible global business conduct. They have proposed the Corporate Sustainability Due Diligence (CSDD) directive, which requires businesses to examine and address adverse environmental and human rights impacts in their value chains. The directive proposal targets businesses of a certain size, affecting their purchasing departments and processes, as it also targets upstream activities. The main research question:: what are the consequences of the CSDD directive for purchasing departments in financial organisations, and how can they prepare for its implementation? Businesses are to identify and treat these adverse impacts and monitor this due diligence process. Businesses can be held accountable for adverse impacts on their chain of activities if they have not implemented these processes and could have prevented impacts and risk fines and reputational damage. Financial organisations can take practical steps to strategically prepare for its implementation, using existing guidance and tools, where the preparational approach should be interdisciplinary. The purchasing department has a supportive role in this process, with useful upstream activity access and information. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/98682 |
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