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