Speech by Commissioner Reynders on 29th April 2020 in the webinar on due diligence hosted by the RBC Working Group. Ladies and gentlemen, it is my pleasure to be here with you today. Your participation, and the overwhelming interest for the work of the Commission throughout the past year, show that there is a real
RBC Webinar 29 April 2020 Commissioner for Justice Didier Reynders announced yesterday that the Commission will introduce a legislative initiative next year on mandatory due diligence for companies. Commission is currently preparing a public consultation on sustainable corporate governance and due diligence, which will inform the Commission’s legislative proposal. Commissioner Reynders made his announcement in
A group of 101 international investors representing over US$4.2 trillion in assets under management have joined forces to call on governments to put in place regulatory measures requiring companies to conduct ongoing risk management regarding risks to people associated with their business activities. Known as “human rights due diligence,” this process involves a company assessing
Due to precautionary public health measures taken by the European Parliament related to coronavirus / COVID-19 outbreak, all events/seminars/external visits in the European Parliament are cancelled for the next three weeks. Please read more here about the decision taken by the Parliament. As a results, the long awaited event with Commissioner Reynders on the Commission’s
The Study of due diligence requirement through the supply chains focuses on due diligence requirements to identify, prevent, mitigate and account for adverse corporate impacts (abuses of human rights, including the rights of the child and fundamental freedoms, serious bodily injury or health risks, environmental damage, including with respect to climate). It examines existing market
Published by Alliance for Corporate Transparency, initiative led by Frank Bold The Alliance for Corporate Transparency, a collaborative initiative launched by Frank Bold, analysed the information that companies disclosed on their environmental and societal risks and impacts following the requirements introduced by the EU Non-Financial Reporting Directive. The research arrives at the same time that
RBC Working Group hosts a discussion event with Commissioner for Justice Didier Reynders on the Study on due diligence requirement through the supply chain, on Wednesday 4th March 2020 at 13 – 14.30 in the European Parliament. In the event, Commissioner Reynders will present the study, which will be followed by interventions by MEPs as
On 23 January, Euro Coop hosted in Brussels the Roundtable ‘Ethically Sound Supply Chains: A Consumer Co-operative Perspective’ in partnership with the Vice-President of the European Parliament Heidi Hautala. Consumer co-operatives were pinpointed as key enablers of ethically sound supply chains because of their unique values-based business model. Euro Coop Vice-President Albino Russo opened the event by stating:
The European Parliament has adopted its annual report on EU’s action on human rights and democracy, in which it called for the EU’s and European companies’ leadership to promote international standards in business and human rights. The MEPs joined a growing number of companies supporting a legislative proposal on corporate human rights and due diligence
Over 60 signatories from the fields of company law, corporate governance and management issued recently a statement “Corporate Governance for Sustainability” that includes specific policy recommendations to clarify the obligations of company boards and directors in order to make corporate governance practice significantly more sustainable and focused on the long term. The recommendations were published