The French law known as “Devoir de Vigilance” or DdV, may have created a domino effect, as similar regulatory activity is accelerating, such as the EU Directive on supply chain due diligence, the German Supply Chain law, and many more.
The mobilization of civil society organizations on these initiatives advocating for binding legal frameworks and civil, and even potentially criminal, liability is getting increasingly strong. These efforts generally follow the movement initiated by the United Nations Guiding Principles on Business and Human Rights (UNGP) in June 2011 and the 2011 revision of the Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises, more and more States are proposing legislation imposing a mandatory due diligence plan on public limited companies and their supply chain addressing human rights abuses. So far, the French bill is limited to corporations with five thousand or more employees (including within their French subsidiaries), or 10 thousand or more (including within all subsidiaries, both French and foreign). But the next wave of regulations have much broader criteria.
About the AuthorFollow on Twitter Follow on Linkedin Visit Website More Content by EcoVadis EN