On 24 April, at the end of a long legislative process, the European Parliament definitively adopted the draft directive on due diligence. Although the last-minute efforts of some member states, under pressure from lobbies, have weakened the text, its advocates nonetheless describe this as a historic step forward in regulating the globalisation of value chains.
Within three years, all companies with more than 5,000 employees and annual turnover of €1.5 billion will have to prevent and remedy any negative impact their business has on human rights and the environment. All companies with at least 1,000 employees and annual turnover of €450 million or more will then be required to comply in stages from 2029.
Do you have information to share with us?
Article authors
Antoine Piel
Section Head at Mind HR