All articles tagged with #supply chain law
Originally Published 5 months ago — by politico.eu
The EU's proposed budget plan threatens to significantly harm environmental protections, including efforts to regulate hazardous chemicals and uphold ethical supply chains, amid political disagreements involving France and Germany.
Originally Published 1 year ago — by Financial Times
Germany and Italy have opposed a proposed EU supply chain law that aims to hold companies accountable for human rights and environmental abuses in their supply chains, arguing that it would create unnecessary bureaucracy and hinder competitiveness. The move has sparked criticism from human rights groups and other EU members who support the legislation, highlighting the ongoing debate over corporate responsibility and regulation within the bloc.
Originally Published 1 year ago — by South China Morning Post
The EU failed to pass a supply chain law that would require audits on Chinese firms due to a lack of support from member states, including Germany and Italy, and concerns about administrative burden and global competitiveness. The law aimed to hold businesses, including those in China, accountable for their supply chains, but faced opposition from pro-business parties and companies. Negotiators will now revisit the issue, while also grappling with a forced labor ban that could impact businesses operating in China.
Originally Published 1 year ago — by DW (English)
Germany's Free Democrats have blocked the adoption of a proposed EU law requiring large companies to assess their supply chains for forced labor and environmental damage, leading to the postponement of the vote by the Belgian EU presidency. The corporate sustainability due diligence directive (CSDDD) would apply to large EU companies and non-EU companies doing business in the EU, with fines for violations potentially reaching 5% of global turnover. The law faces opposition from German business groups and the Free Democrats, who argue it would impose excessive bureaucracy and unnecessary costs, while their coalition partners support the legislation and warn of Germany losing credibility in the EU.
Originally Published 1 year ago — by Reuters
The European Union has delayed a decision on a proposed law that would require large companies to assess if their supply chains involve forced labor or environmental harm, as Germany and Italy indicated they would abstain from voting. The law needs a "qualified majority" of 15 EU countries representing 65% of the EU population to proceed to a final vote in the European Parliament. Germany's pro-business Free Democrats opposed the law, citing concerns about excessive bureaucracy, while their coalition partners, the Social Democrats and the Greens, supported it. The law, aimed at promoting corporate responsibility, is now set to be rescheduled for further discussion.