GOP Lawmakers Sound Alarm on EU’s New “Debilitating” Green Policy On US Firms
A group led by more than 60 US House and Senate Republicans urged Treasury Secretary Janet Yellen to postpone the implementation of the European Union’s Corporate Sustainability Due Diligence Directive (“CSDDD”). The new EU requirement would force companies to better track environmental impacts across supply chains, which the group claims would “hinder business growth and raise consumer costs.
The group of US lawmakers wrote in a letter to Yellen that the EU is attempting to impose its debilitating regulatory agenda on American companies through its Corporate Sustainability Due Diligence Directive (also known as “CSDDD” or “CS3D”),” adding CSDDD is “neither practical nor realistic — nor does it genuinely constitute ‘due diligence,’ which is generally defined as review and analysis prior to actions being taken. The climate policy went into effect at the end of July. Even Yellen, a climate alarmist who wants to spend taxpayer funds into oblivion to address an alleged climate crisis, expressed concerns to Congress over CSDD’s “negative unintended consequences” for US companies. What’s particularly alarming across the West is the climate cult, through progressive leadership, elected and unelected, that has pushed ‘green’ policies that have only acted as de-growth mechanisms, and not solely exclusive in the US, which have curbed electricity generation.
The European Union’s Corporate Sustainability Due Diligence Directive
So, what is the CS3D? The European Union’s Corporate Sustainability Due Diligence Directive is a step toward fostering so called responsible corporate behaviour within the European Union (EU). Its primary aim is to promote sustainability and responsibility across companies’ operations and global value chains. In other words, it is apparently meant to encourage businesses to be mindful of their impact on human rights and the environment, not only within the EU but also beyond its borders. Its aims to coerce corporate accountability regarding human rights and environmental impacts throughout global supply chains. Its state objectives are the adoption of sustainable reducing negative impacts on people and the planet; and accountability by establishing requirements for companies to identify, prevent, mitigate, and account for human rights and environmental risks. The directive establishes mechanisms for monitoring compliance, and companies may face sanctions for non-compliance.
CS3D mandates foreign businesses impose EU standards in their countries
The CSDDD mandates that foreign businesses impose EU standards in their countries, and on their suppliers everywhere in the world. Businesses that fail to meet the CSDDD’s requirements will face financial penalties of “not less than 5%” of net worldwide revenue. Activist groups and individuals are authorized to sue companies for alleged “damages.” If suppliers do not adhere to the CSDDD’s mandates, companies must end these business relationships, face penalties, or cease operating in the European Union.
CSDDD gives the EU undue influence on supply chains
Sounds good, doesn’t it? The concept of a safer work environment is appealing on the surface, as it suggests a focus on employee well-being and public health. However, defining what constitutes a safe working environment raises significant questions that warrant careful consideration. Who establishes these definitions? More specifically, how did the European Union articulate its standards for a safe working environment in the year 2020? During this period, amidst a manufactured global plandemic, the EU’s approach was characterised by a series of ridiculous stringent measures aimed at mitigating health risks.
These measures included mandatory wearing of useless masks in workplaces to reduce the spread of the virus, the implementation of remote work arrangements as organisations adapted to absurd lockdown requirements, and frequent PCR testing to monitor and control potential outbreaks and manufacturing cases. Additionally, the introduction of digital identification systems and vaccine passports became a pivotal aspect of accessing certain workplaces and services. The EU also enforced compulsory vaccination and booster mandates for employees, which became a determinant of whether a business was maintaining a healthy workforce.
In alignment with these protocols, the Corporate Sustainability Due Diligence Directive (CS3D) stipulates that companies operating within and with the EU must ensure their entire supply chain complies with these health and safety regulations. This involves implementing rigorous systems to monitor and report compliance, proving that all stakeholders within the supply chain meet the established safety standards. The obligation to adhere to these guidelines reflects a broader commitment to social responsibility and regulatory compliance in a rapidly evolving business landscape.
Nations should extricate themselves from the CSDDD
The European Union (EU) has presumed a paramount role in shaping the operational landscape for businesses globally, seeking to exert considerable influence over how enterprises conduct their affairs. The EU represents a significant consumer base, with its expansive market catering to a diverse range of industries. Currently comprising 27 member states, predominantly situated in Europe, the EU has established a platform where these nations have willingly pooled a portion of their sovereignty. This collaboration was designed to achieve shared objectives and address collective challenges that transcend individual capabilities. However, we have seen a gradual erosion of the sovereignty and autonomy of nations in an increasingly authoritarian system run from Brussels, with the organisation increasing veering from the liberty it purports to represent. Geographically, the EU encompasses an extensive area, amounting to approximately 4.2 million square kilometres, ranking it among the largest political and economic unions in the world. The demographic significance of the EU is underscored by its estimated population, which exceeds 449 million individuals.
This substantial population not only reflects a diverse array of cultures and languages but also represents a formidable market, making the EU a key player in international trade dynamics. As one of the most influential trade blocs on the global stage, the EU possesses the ability to negotiate trade agreements with other countries and regions, thereby shaping market conditions and influencing economic policies worldwide. Its collective bargaining power allows it to assert its interests effectively in various negotiations, thereby ensuring that member states can benefit from favourable trade terms.
The EU’s capacity to wield significant influence in the global marketplace is further enhanced by its intent to determine global regulatory standards and policies under the guise of protecting consumers and promoting fair competition, all the while fostering the United Nations diabolical sustainable development agenda 2030 goals. The European Union stands is a dominant force in the international economic arena, with its decisions and policies having far-reaching implications for businesses across the globe. The combined economic strength and political cohesion of its member states make certain that the EU plays a crucial role in determining how global trade and business operations evolve in the future.
