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FESI calls for EU due diligence rules that work for all

PRESS RELEASE
November 5, 2024,

The Corporate Sustainability Due Diligence Directive (CS3D) introduces obligations for companies with global value chains with an aim to enhance sustainable practices. However, the directive’s complexity raises significant challenges including inconsistent regulatory requirements, administrative burdens and disadvantages for small and medium-sized enterprises. To avoid these issues, the European Commission must prioritise a competitiveness assessment for the simplification and harmonisation of CS3D, fostering a level playing field. Together with 26 other industry associations, FESI is calling for clear guidelines, consistent implementation and adequate transition timelines to avoid excessive regulatory burdens on companies.

See our joint statement here.

About FESI: Founded in 1960 FESI – the Federation of the European Sporting Goods Industry represents the interests of approximately 1.800 sporting goods manufacturers (85% of the European market) through its National Sporting Goods Industry Federations and its directly affiliated member companies. 70-75% of FESI’s membership is made up of Small and Medium Sized Enterprises. In total, the European Sporting Goods Industry employs over 700.000 EU citizens and has an annual turnover of some 81 billion euro.

Contact: Ariane Gatti, FESI Senior Communication & Policy Manager / [email protected]  / +32 274 08 94

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