Experts have welcomed the proposed EU law to hold companies accountable for adverse impacts along their entire value chain, but have also raised concerns about the negative impacts the new due diligence rules could have on economies of the Global South. The proposed corporate sustainability due diligence directive seeks to ensure that large EU companies and businesses operating in the EU identify, prevent, and mitigate their adverse impacts on human rights and the environment throughout their value chain. But the law has also raised concerns over the unintended consequences it could cause to economies in the global south.
IISD in the news
September 25, 2023