Global consumption of raw materials at this point is not sustainable for the Earth. Germany consumes an above-average of resources compared to other countries. If they were to consume as much as Germany, it would take three Earths to satisfy global demand. We therefore welcome the German government’s initiative of a National Circular Economy Strategy to reduce raw materials demand, but press for adverse effects for the Global South to be addressed.
Unternehmensverantwortung
In our new briefing, Germanwatch and the sustainable finance think tank Climate & Company analyse the expected reporting and due diligence obligations in the financial sector across a number of key EU regulatory measures on sustainability. In particular, the briefing focuses on potential obligations resulting from the respective regulatory measures that may help to identify and minimise the risk of deforestation.
The European Union’s proposed batteries regulation should require importers and manufacturers to source the bauxite, copper, and iron used in batteries responsibly, a coalition of 16 organizations said today. The coalition includes Amnesty International, Earthworks, Finnwatch, Germanwatch, Human Rights Watch, Inclusive Development International, INKOTA, PowerShift, RAID, SOMO, and Transport & Environment, as well as human rights and environmental activists from producer countries.
Over 20 leading NGOs working on corporate transparency have published a statement calling on EU policy-makers to define companies’ disclosure obligations on sustainability issues on the occasion of today’s high-level conference on the future of corporate reporting hosted by the European Commission in Brussels.