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
Slow growth in Europe, stagnation in Hungary: mixed picture in retail trade
The European retail turnover increased barely perceptibly compared to June,…
Read more >The EU would reform the common agricultural policy
The EU presented an agricultural expert report on Wednesday, which…
Read more >Moldova’s fruit exports are getting stronger: in competition with Hungarian producers?
Moldova’s fruit production, especially the export of apricots, plays an…
Read more >Related news
Winners of this year’s Symbol of Sustainability competition announced
Trade magazin has organised the Symbol of Sustainability competition for…
Read more >Inflation is now falling, but another increase is expected by the end of the year
Hungarian inflation eased in August, but it is expected to…
Read more >Lidl Hungary also helped nearly 1,000 needy people with food rescues in the summer
With its comprehensive food rescue program, Lidl Hungary tries to…
Read more >