Foto: istockphoto.com | gopixa
The European Commission plans to adopt a legislative proposal for a sustainable corporate governance directive, the so-called EU Due Diligence Law, in the fourth quarter of 2021. The objective of the legislation is to create a level playing field for companies that secures that environmental and social interests are implanted in business strategies. It wants to support companies in their long-term management and incentivize sustainable business models to withstand short-term pressures. National due diligence laws and legislative proposals calling for mandatory due diligence exist in some EU member states, like France, Netherlands and Germany.
Deforestation, overexploitation and climate change threaten forests around the world. The European Union also plays an inglorious role in this. To change this, the European Commission presented yesterday a legislative proposal to prevent products from forest destruction from entering the EU internal market in the future. At the same time, a general EU supply chain law is being planned. Is the EU Commission duplicating its efforts? No, say Julia Otten and Johannes Heeg from our member Germanwatch and the Initiative Lieferkettengestz.