Since the start of 2023, corporate due diligence is no longer the preserve of the French statute books with German legislation now entering into force and discussions over the adoption of an EU Directive set for before the end of the year. While corporate vigilance plans are often incomplete and due diligence is slow to become effective, an growing number of stakeholders are nonetheless taking the issue on board. Indeed the topic is now becoming both an area for inter-corporate co-operation as well as a topic for intra-company social dialogue. Below, we provide some feedback from major names including Engie, Vinci, and Carrefour.
While French companies that are subject to national due diligence legislation since 2017 display their goodwill in applying the text, their representative bodies display less enthusiasm behind the scenes. Documents obtained by the Corporate Europe Observatory NGO indicate that corporate representative bodies, namely the French Association of Private Enterprises (AFEP representing multinational corporations), and the Movement of the Enterprises of France (Medef, France’s largest employers...
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Article authors
Antoine Piel
Section Head at Mind HR