France and Germany push pro-business, anti-green agenda in Europe
Following in the footsteps of German Chancellor Friedrich Merz, Emmanuel Macron wants to repeal the European directive requiring companies to monitor their environmental and social impact more closely. Europe's two most powerful countries are thus reiterating their commitment to business over the environment, according to the foreign press.
The goal is simple, but it's hidden behind one of the most beautiful acronyms a European directive can bear: "CS3D," for "Corporate Sustainability Due Diligence Directive." Adopted a year ago, on May 24, 2024, this directive requires companies and their upstream (supply) and downstream (distribution) partners to take greater care of their environmental and social impact.
The text, which had sharply divided employers and unions, returned to the news on Monday, May 19. At the Choose France summit held in Versailles, Emmanuel Macron declared himself in favor of the outright removal of the provision, arguing that it imposed too many constraints on European companies in the global market.
"This earned him applause from representatives of the international business world," reports the Frankfurter Allgemeine Zeitung in Germany . But on the other hand, with his position, the president
Courrier International
%3Aquality(70)%2Fcloudfront-eu-central-1.images.arcpublishing.com%2Fliberation%2FZEQGYN432BFAJJIHJWJJZFRO5I.jpg&w=3840&q=100)
%3Aquality(70)%3Afocal(3194x2443%3A3204x2453)%2Fcloudfront-eu-central-1.images.arcpublishing.com%2Fliberation%2F4CLTSHM2WVFVZJB5ZFHSHWZURY.jpg&w=3840&q=100)