German media disclosed the contents of the draft EU supply chain law

2022-05-09 0 By

According to the frankfurter Allgemeine Zeitung website on February 21, the European Union plans to introduce its own supply chain law.When the German government agreed on its supply chain law last year, Didier Reynders, the European Commission’s legal affairs commissioner, spoke positively of the legislation in an interview with the Frankfurter Allgemeine Zeitung website.However, he also made it clear that the Commission’s forthcoming supply-chain law would not be satisfied with germany-style laxness.The proposed legislation has been in the works for a long time, the report said.It has been delayed several times, in part because For some in Brussels Mr Reynders has been too aggressive in holding European companies responsible for policing environmental, climate and human rights abuses committed in third countries.Now, at last, the time has come: Mr Reynders plans to present his legislative proposals this week.By comparison, Germany’s supply-chain law is too conservative.Under Mr Reynders’s plan, all but the smallest companies would reportedly be obliged to monitor their entire supply chain for environmental, climate and human rights abuses by their suppliers.In addition, in some cases, companies are held responsible for the illegal actions of companies involved in their supply chains.It also takes as a reference the Paris climate agreement’s goal of limiting warming to 1.5C.The bill must be approved by the European Parliament as well as eu member states.Source: Reference Information Network