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CS3D Compliance: Is Your Business Ready?
Description
This podcast episode of The New Compliance Officers Playbook explains the European Union's Corporate Sustainability Due Diligence Directive (CS3D), which mandates corporate responsibility for human rights, labour rights, and environmental protection throughout their value chains. The episode outlines the challenges businesses face in complying with CS3D, such as understanding its scope and integrating it into existing frameworks. It then offers strategies for compliance, including conducting gap analyses, building cross-functional teams, and leveraging technology. Finally, it highlights the potential legal, financial, and reputational consequences of non-compliance, as well as the opportunities presented by aligning with CS3D.