[ongoing] Koene, Thomas (2025). How to effectively implement the HRDD aspect of the CSDDD in financial institutions?
Abstract
-The Corporate Sustainability Due Diligence Directive (CSDDD) represents a significant regulatory shift aimed at enhancing corporate accountability and sustainability within the European Union (EU). While extensive research exists on the broader implications of the CSDDD and Human Rights Due Diligence (HRDD) processes, there is a notable gap in the literature regarding the effective implementation of HRDD within financial institutions. This thesis addresses this gap by exploring the unique challenges and opportunities that financial institutions face in integrating HRDD into their business processes to comply with the CSDDD.
Using the Warner Burke 7-Step Action Research Model, this study provides a structured and flexible framework for implementing HRDD. The model's emphasis on stakeholder engagement, iterative cycles, and adaptability makes it particularly suitable for the complex and dynamic nature of financial institutions. The research employs a mixed-method approach, combining a systematic literature review (SLR) with semi-structured interviews with industry experts. The findings come together in a best practice and recommendation model designed to guide managers in financial institutions through the HRDD implementation process.
This thesis contributes to the existing literature by offering practical insights and strategies for financial institutions to effectively implement HRDD, ensuring compliance with the CSDDD and promoting human rights and sustainability in their operations.
Supervisors
UT Supervisors
- Dr. Jörg Osterrieder
- Dr. Marcos Machado
ING Supervisors
- Lesley van Alst-Leendertse