The EU's Corporate Sustainability Due Diligence Directive (CSDDD) is reshaping the chemical industry's approach to environmental and social responsibility. A close look at the requirements reveals significant changes to supply chain oversight, risk management, and sustainability reporting. Chemical companies must implement new strategies to ensure compliance, drive innovation, and adapt to evolving regulations.
Technological developments in the pharmaceutical and biotech industry are reflected in increased funding, higher R&D productivity and more product launches. However, the general conditions remain challenging. Incremental change won’t be enough to deliver the results that the market and patients demand, warn industry experts.
Olefins and polyolefins giant Ineos is switching auditors after a breakdown in communication between long-term partner PriceWaterhouseCoopers (PwC), which has audited the chemical group since its 1998 creation, and Ineos chairman and controlling 60% shareholder Jim Ratcliffe.
