European Union sets out plans to make firms accountable for human rights violations

Last updated on February 15th, 2024 at 06:30 am

Europe The EU (European Union) commissioners Thierry Breton and Didier Reynders presented the Commission’s proposal on corporate sustainability due diligence in Brussels, the capital of Belgium, on 23 February.

The ‘Directive on Corporate Sustainability Due Diligence’ would oblige firms to identify, prevent, and diminish human rights and environmental violations in their value chain. It would allow victims of the corporate world to seek justice.

Under this law, companies will also be required to establish a complaints procedure for victims. Firms need to monitor their due diligence measures and those of their suppliers.

Reportedly, Trade Commissioner Didier Reynders said that the directive responded to public demand across Europe. Reynders also said that there had been more than 500,000 replies in the public consultation process.

Related Posts

The proposal aims to promote responsible corporate behaviour throughout global value chains. Under the EU proposal, firms need to show that they are checking on labour violations such as health and safety, child labour, and environmental breaches in their manufacturing processes.

The trade commissioner said that the proposal comes in response to the citizens’ request that the services and the goods that they use in Europe be provided in full respect of human rights and do not cause harm to the environment. The proposal also aims to minimise potential adverse human rights impacts and adverse environmental impacts with suppliers and direct business partners. The EU proposal also includes a provision to ensure that the firms make efforts to limit global warming.

According to Euractiv, the EU countries that already have laws on corporate accountability will have to transform their national legislation to bring them in line with the new EU rules on corporate sustainability due diligence.

Reportedly, the directive will apply to EU companies that have more than 500 employees and a net worldwide turnover of more than €150 million. The due diligence rules will be enforced by national authorities who can impose sanctions on companies.

About Senior Reporter

With over more than 6 years of writing obituaries for the local paper, Senior Reporter has a uniquely strong voice that shines through in his newest collection of essays and articles, which explores the importance we place on the legacy.

Senior Reporter

With over more than 6 years of writing obituaries for the local paper, Senior Reporter has a uniquely strong voice that shines through in his newest collection of essays and articles, which explores the importance we place on the legacy.

Recent Posts

Border Controls Return in France Over Security and Migration Concerns

For six months starting in November, France will temporarily restore border restrictions with its near neighbours. Marking it as one…

November 4, 2024

UNESCO Report Highlights Dangers Facing Journalists, Calls for End to Impunity

More than 1700 journalists were killed all around the world from 2006 to 2024, UNESCO reported that out of which…

November 3, 2024

Germany proposes sending EU border agency Frontex to Poland-Belarus border

German interior minister Nancy Faeser has proposed deploying the European Union border agency Frontex to Poland-Belarus border amid allegations that…

November 3, 2024

Hunger and cholera staging a brutal humanitarian crisis in South Sudan

South Sudan is facing a deepening humanitarian crisis as hunger and cholera cases make things difficult for civilians in several…

November 2, 2024

Finland’s Border Policies Raise Concerns Over Asylum Seekers’ Rights

In its relations to asylum seekers the Finnish authorities has applied measures such as the closure of the 1,300 km…

November 2, 2024

Sharp Decline in U.S. Job Growth: October Adds Just 12,000 Jobs

The Labor Department said on Friday that the economy added 12,000 seasonally adjusted jobs in October, compared with 223,000 in…

November 2, 2024

This website uses cookies.

Read More