The time has finally come. On February 23, the regulation on sustainable corporate governance, also known as the EU Supply Chain Act, is supposed to be presented – almost three years after European Commissioner for Justice Didier Reynders announced the legislation. There have been frequent delays. The European Parliament fears that this has further diluted the law. “It is imperative that the Commission keeps its ambitions high and delivers an efficient law,” demands German Green Party politician Anna Cavazzini, for example. The human rights and environmental due diligence obligation must run through the entire value chain, she said, and small and medium-sized enterprises must be subject to the law, at least in high-risk sectors.
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