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proposed EU legislation on due diligence for corporations – MEPs: Companies must no longer cause harm to people and planet with impunity

18.05.21

On Wednesday, March 10th, the European Parliament voted by an overwhelming majority for the adoption of a binding EU law that requires companies to conduct environmental and human rights due diligence along their full value chain or face concrete fines, sanctions and/or civil liability.

  • Due diligence requires companies to identify, address and remedy their impact on human rights and the environment throughout their value chain
  • Rules should apply to companies operating in EU internal market, including those from outside the EU
  • Sanctions for non-compliance and legal support for victims of corporations in third countries
  • Ban on import of products linked to severe human rights violations such as forced or child labour

Learn more: https://www.europarl.europa.eu/news/en/press-room/20210304IPR99216/meps-companies-must-no-longer-cause-harm-to-people-and-planet-with-impunity