The EU would prosecute large companies for the violations of their suppliers
The European Parliament has adopted its negotiating position on draft legislation that would make it mandatory for large EU companies to check whether their suppliers use child labor or damage the environment. If the rule comes into force, careless companies will be hit with various sanctions.
As early as this June, negotiations with the EU member states on the draft promoting corporate sustainability, known as CSDDD (Corporate Sustainability Due Diligence Directive), can begin. The proposal applies to all large companies operating within the European Union, which employ at least 500 people and have a net worldwide sales revenue exceeding 150 million euros.
According to the CSDDD, the companies involved must identify and, if necessary, prevent the harmful effects of their activities on human rights and the environment. The due diligence obligation applies to the organizations’ subsidiaries and value chains, including their suppliers. According to the directive, large companies must also have a plan to ensure that their strategy is compatible with the goals of the Paris Agreement. In addition, the duties of company managers are also clearly defined in the process, so that they take into account human rights and environmental aspects even more in their decisions.
További információ erről a forrásszövegrőlTovábbi fordítási információhoz forrásszöveg szükséges
Visszajelzés küldése
Oldalsó panelek
Related news
Producer prices fell in both the euro area and the European Union in August
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Climate change: a concern that is losing importance in the EU
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Business sentiment improved slightly in September in the euro area and the EU
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
K&H Analyst Commentary: Hungarian industry continues to decline
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >KSH: industrial production fell by 7.3 percent compared to the same period of the previous year and by 2.3 percent compared to the previous month
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >NGM: fixed 3 percent SME loan launched on October 6
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >