Latest Breaking News On - Or example only offering weak provisions regarding climate change and excluding the financial sector from due diligence obligations but even as it stands - Page 1 : comparemela.com

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,

Free democratic partyHuman rights watchEuropean councilEuropean unionHuman rightsClick to expand image garment workers make clothes ata factory in phnom penhDecember 17021 2021 wu changwei xinhua via getty images last weekFter long negotiations over corporate accountability rules in europeEgotiators from the european council and parliament agreed ona text for draft eu corporate sustainability due diligence directive this isa big deal once formally adoptedT will be the first time that european union hold large companies to account for their human rights and environmental impacts across global supply chains under agreementIctims of abuses can go to court and companies be held liable for breaching their obligations while it isa step in the right directionHe law is far from perfectOr example only offering weak provisions regarding climate change and excluding the financial sector from due diligence obligations but even as it standsHe law will bring pressure on companies to respect human rightsNd will level the playing field across europe