A Discussion Paper
This discussion paper is intended for the consideration of the European Commission, and other stakeholders, as proposals are developed on initiatives related to the EU Green Deal. EcoVadis brings its observations of the current corporate practices and market dynamics on which we have extensive data, as well as perspectives from our broad community of stakeholders, including corporate procurement and sustainability practitioners from more than 500 multinational companies.
We have chosen to comment on these four policy initiatives jointly, in order to highlight the many synergies and interconnections between them:
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Mandatory human rights and environmental due diligence legislation
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Taxonomy Regulation
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Carbon Border Adjustment Mechanism
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Non-Financial Reporting Directive
With these policies, the EU Commission shows that it is fully aware that supply chains are a key component of a responsible economy.
With our recommendations we hope to inspire the debate to raise the ambition to orchestrate the policy framework to create the sound and meaningful foundation we need to ensure the success of the EU Green Deal and to drive the European economy toward a common goal.
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