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Political Deal on EU Corporate Accountability Law is a Step Forward

Click to expand Image Garment workers make clothes at a factory in Phnom Penh, Cambodia, December 17, 2021. 2021 Wu Changwei/Xinhua via Getty Images Last week, after long negotiations over corporate accountability rules in Europe, negotiators from the European Council and Parliament agreed on a text for the draft EU Corporate Sustainability Due Diligence Directive. This is a big deal - once formally adopted, it will be the first time that the European Union will hold large companies to account for their human rights and environmental impacts across their global supply chains. Under the agreement, victims of abuses can go to court and companies can be held liable for breaching their obligations. While it is a step in the right direction, the law is far from perfect, for example only offering weak provisions regarding climate change and excluding the financial sector from due diligence obligations. But even as it stands, the law will bring pressure on companies to respect human rights,

Germany
German
Free-democratic-party
Human-rights-watch
European-council
European-union
Human-rights
Click-to-expand-image-garment-workers-make-clothes-ata-factory-in-phnom-penh
Cambodia
December-17
021-2021-wu-changwei-xinhua-via-getty-images-last-week

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