[Supply Chain] Infineon and UMC Sign MoU on Semiconductor Supply Chain Decarbonisation — Supporting Shared Suppliers in Setting SBTi Targets

EU Corporate Sustainability Due Diligence Directive (CSDDD)

The Corporate Sustainability Due Diligence Directive (CSDDD, Directive (EU) 2024/1760) requires large companies operating in the EU to identify, prevent, mitigate, and remediate adverse human rights and environmental impacts (including child labour, forced labour, pollution, and biodiversity loss) across their own operations, subsidiaries, and value chains. The Directive was approved by the European Council in May 2024 and entered into force on 25 July 2024. However, the scope and substance of the original Directive were substantially revised by the Omnibus I simplification directive (Directive (EU) 2026/470), published on 26 February 2026 and in force since 18 March 2026. The scope threshold has been unified and tightened to companies with more than 5,000 employees and worldwide net turnover exceeding €1.5 billion (or EU turnover exceeding €1.5 billion for non-EU companies), which substantially narrows the pool of companies in scope. The staggered three-phase rollout (2027–2029) has been abolished in favour of a single application date. The transposition deadline for Member States has also been extended, from the original 26 July 2026 to 26 July 2028. The Omnibus reform also changed the enforcement regime: the penalty ceiling was changed from a minimum floor of 5% of worldwide net turnover to a maximum cap of 3%, and the EU-harmonised civil liability regime was removed entirely. Claims for damages arising from non-compliance are now governed exclusively by the national law of each Member State, with no unified EU standard.