"EU Passes Revised Corporate Due Diligence Law for Supply Chain Sustainability"
TL;DR
EU member states have voted in favor of a stripped-down version of the corporate sustainability due diligence directive, requiring companies to check supply chains for environmental and labor practices. The legislation, which still needs to be voted on by MEPs, aims to hold companies accountable for their impact on people and the environment. While some see it as a victory, others argue that the diluted plans could indirectly impact smaller businesses and lead some to withdraw from the developing world.
Topics:worldbusiness-and-politics#business-and-politics#corporate-sustainability#due-diligence#eu#legislation#supply-chains
- Governments support stripped-down corporate due diligence law Euronews
- EU backs supply chain audit law after Italy switches sides Reuters
- EU approves watered-down human rights and supply chain law The Guardian
- After Delays, EU Approves Corporate Sustainability Due Diligence Law Forbes
- CSRD & ESRS compliance: Challenges, strategies - and the global impact on companies | Governance intelligence | Governance intelligence
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