Press release - MEPs: Companies must no longer cause harm to people and planet with impunity

The Commission has announced it will present its legislative proposal on the matter later this year.

Metadata
Provider: 
ECEC
URL: 
https://www.europarl.europa.eu/news/en/press-room/20210304IPR99216/https://www.europarl.europa.eu/news/en/press-room/20210304IPR99216/
Retrieved on: 
Thursday, March 11, 2021
Information
Tags: 
Contract law, Corporate finance, Criminal law, Due diligence, Articles, Business, Law
Summary
Key Points: 
  • The Commission has announced it will present its legislative proposal on the matter later this year.
  • Parliament calls for additional measures, including a ban on importing products linked to severe human rights violations such as forced or child labour.
  • The rules should also apply to publicly listed SMEs and high-risk SMEs, which should receive technical assistance to comply with the requirements.
  • This new law on corporate due diligence will set the standard for responsible business conduct in Europe and beyond.
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