On 27 January 2021, the EU Parliament's Committee on Legal Affairs members adopted a draft resolution that intends to serve as a basis from which the European Commission can draw as it works on the subject of due diligence. The text, which will most likely be put to a plenary session vote in early March (perhaps 08 March), introduces a number of requirements, a liability regime and sanctions for infringements for a wide range of companies, and it also calls for better traceability along the value chain.
The European Commission is currently finalizing its proposal for a directive that introduces a due diligence requirement for companies to monitor their impact on human rights and the environment throughout their value chain (c.f. articles No.12257, No.12202, No.11914, and No.11675)*. With its broad public consultation phase still underway (26 October 2020-08 February 2021) the European Parliament’s Committee on Legal Affairs has rubber stamped its vision of what future legislation should...
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