F.P. Report
BRUSSELS: The Council has adopted its negotiating position (‘general approach’) on the corporate sustainability due diligence directive. This directive will enhance the protection of the environment and human rights in the EU and beyond.
“We have worked hard over the last months to reach this Council position today. For the EU to reach its climate and sustainability goals and to ensure the protection of human rights, it is important that companies identify and prevent, bring to an end or mitigate the impact of their activities on human rights and the environment. Responsible behaviour for companies producing clothes, mobile phones and other everyday use objects is also something European customers start caring about more and more.”
Jozef Síkela, Czech Minister for Industry and Trade
The due diligence directive lays down rules on obligations for large companies regarding actual and potential adverse impacts on human rights and the environment, with respect to their own operations, those of their subsidiaries, and those carried out by their business partners. It also lays down rules on penalties and civil liability for violating those obligations. Lastly, it lays down obligations for companies to adopt a plan ensuring their business model and strategy are compatible with the Paris Agreement.
The directive will help the EU to transition towards a more climate-neutral and green economy as described in the European Green Deal and the UN Sustainable Development Goals.
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