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EU Adopts Groundbreaking Business Value Chain Law (www.hrw.org)

submitted 1 month ago by IndustryStandard to c/news

17 comments fedilink hide all child comments

(Brussels) – The new EU directive adopted on May 24, 2024, requiring large companies to ensure human rights respect in their value chains signals a new era for corporate accountability, Human Rights Watch said today. Human Rights Watch issued a question-and-answer document about the provisions, strengths, and weaknesses of the new law.

The document describes how the EU Corporate Sustainability Due Diligence Directive (CSDDD) will require companies to conduct due diligence. Under the new law, large companies will be required to identify, mitigate, prevent, and remedy harmful human rights and environmental impacts in their operations and their value chains; that is, the company’s business partners involved in production, distribution, transport, and storage of the company’s products. It provides for regulatory oversight and the possibility of initiating civil lawsuits against corporations in European courts.

“The EU’s Due Diligence Directive represents a landmark shift from voluntary corporate responsibility to mandatory obligations for corporations to prevent and address human rights abuses,” said Tirana Hassan, executive director at Human Rights Watch. “This groundbreaking law is a major victory for rights groups, trade unions, and civil society networks at the forefront of the fight for corporate accountability. Despite fierce opposition from powerful corporate lobbyists seeking to thwart or indefinitely postpone this law, this directive is a testament to the strength and perseverance of those advocating for justice and accountability in the corporate sector.”

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[–] [email protected] -1 points 1 month ago (1 children)

Behind closed doors in the actual workings of the EU things are different.

But there is an universal law that you can always dress unpopular but neccessary EU decisions or compromises as "Germany made us do it" at home and can always get bonus points if you tell the story how you bravely fought Germany to push through a popular EU decision.

Basically the same propaganda for domestic a audience in slightly modified form that Orban has made an art form in Hungary.

[–] [email protected] 1 points 1 month ago

I guess it goes both ways though :I

I looked up the differences between the German and EU supply chain law, and you can‘t really suggest the German one was stricter. It for example doesn‘t include civil liability. Germany abstaining as well as them blocking other legislation recently kinda made them look like an ass. Coming from a German perspective.