The CSDDD Effect: Assessing the Impact of the EU’s Impending Corporate Sustainability Mandate on Japanese Companies
This issue brief explores the significant impact of the European Union (EU)’s expected Corporate Sustainability Due Diligence Directive (CSDDD) on global corporate responsibility, with a specific focus on its implications for Japanese companies. The CSDDD, which will mandate that companies conduct human rights and environmental due diligence (HREDD) across their value chains, extends the influence of the EU’s regulatory policy to companies well beyond the borders of Europe. Japanese companies, which have traditionally been less integrated in HREDD practices, now face a critical need to align their corporate policies with these new standards to maintain their global business relevance.
Recent developments, including the release of “Guidelines on Respecting Human Rights in Responsible Supply Chains” by the Government of Japan, have spurred a gradual shift towards more stringent HREDD practices among Japanese businesses. Nonetheless, with the CSDDD set to be finalized by the end of 2024, its adoption will present several new challenges and opportunities for Japanese corporate actors.
ISDP Annual Report 2023
ISDP’s Annual Report for the year 2023. We look back on 2023, a year in which tensions and conflicts captured the strategic space in ISDP’s focus areas, making headlines around […]
Indo-Pacific Security in 2030-35: Links in the Chain
In recent years, events like the COVID-19 pandemic and the Russia-Ukraine war have brought global supply chains squarely under the spotlight. The economic impact of these disruptive events exposed the […]
NAVIGATING THE CHINA CONTEST: EU’S MARITIME ROAD TO 2030 AND MIDDLE POWERS
Europe’s strategic presence in the Indo-Pacific has become a matter of great substance in current global politics. The emergence of China as a disruptive maritime power, especially with its hardening […]
India-Middle East-Europe Economic Corridor: Will It Get Subsumed by Its Grand Vision?
The recently concluded Group of Twenty (G20) Summit in New Delhi under India’s presidency was, undoubtedly, a crowning moment for India. From providing the G20 with new relevance among the […]
South Korea’s Indo-Pacific Strategy, Atmanirbhar Bharat, and the IPEF: Convergence and Commonality
For some time now, the existing multilateral networks such as those of the United Nations (UN) system have been largely ineffective in providing good global governance and helping create resilience, […]