European due diligence proposals unveiled

March 2, 2022 EcoVadis EN


The European Commission has unveiled its proposals to introduce mandatory due diligence legislation which would make companies responsible for human rights and environmental issues in their global supply chains.

The law would initially apply to larger companies within the European Union (EU) with more than 500 employees and a global net turnover of more than €150 million (US$169m), and those based outside the EU but which generate the same turnover threshold within the single market.

After two years, it would be extended to smaller companies - with at least 250 employees and a turnover of €40 million (US$45m) - in "high impact sectors" including textiles, as well as agriculture and mining.


Read the full article at: www.ecotextile.com

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EcoVadis EN

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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