True Diligence: Preparing for a New Era of Corporate Responsibility

In the face of escalating societal demands, intensified stakeholder scrutiny and expanding global regulatory requirements, the pressure is on for businesses to assume their collective responsibility towards both people and planet. In this report, Criticaleye Partner DWF explores what the new era of corporate responsibility should look like, bringing ethics, integrity and existing legal obligations to the forefront of business strategy.

Key takeaways include:

• The emergence of sustainability regulation related to due diligence, like the CS3D, heralds a new era of corporate responsibility, characterised by heightened standards of accountability and transparency – an era of 'True Diligence'.
• For many organisations, implementing these changes will necessitate a change to their cultural DNA. This will take time to embed, but there is a huge opportunity for businesses to get ahead of the curve.
• To deliver sustainable value, businesses must look beyond their immediate operations and short-term goals. Achieving progress does not necessitate perfection; incremental steps can pave the way for transformative change.