1/ After yesterdays @EP_Legal vote - here is a more detailed recap as to why this is a big deal & the direction of travel given the growing momentum for a robust #EU law on #HumanRights and environmental #DueDiligence ( #mHREDD) - please read on https://twitter.com/richardandrewg1/status/1354493473836199938

2/ What happened yesterday?

MEPs so far have agreed on key provisions for #mHREDD law to:

Mandate companies to fulfil their duty to respect human rights, the environment and good governance
Scope of these companies to include all sectors - including finance ...

3/ ...
Outlined that this duty should be across the companies entire "value chain"
Set out the process for conducting #Duediligence building on the @OECD and #UNGPs guidance
Called for meaningful stakeholder engagement by companies as part of their #Duediligence

4/ ... and very importantly:

Calls for an #mHREDD legislation where companies can be held liable and must provide remediation for any harms that companies have caused or contributed to in their value chains

All of this is really significant

But what's next...

5/ Next steps:

MEPs in @Europarl_EN Plenary will have a final vote on this report in March

So far all political groups are on board i.e. @EPPGroup @TheProgressives @GreensEFA @RenewEurope @Left_EU



And this will be timely because...

6/ Commissioner @dreynders & @EU_Justice has a public consultation that ends 8 February so the Parliament Report will directly input to this process

Consultation available here: https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12548-Sustainable-corporate-governance/public-consultation

You can also have your say via @Global_Witness : https://act.globalwitness.org/page/73747/action/1

7/ and not to forget the Council...

End last year @EU2020DE @EUCouncil Presidency & #EU member states called on @EU_Justice Commissioner @dreynders to bring forward mandatory corporate #DueDiligence legislation

Read more here https://twitter.com/richardandrewg1/status/1334063409600618497?s=20

8/ And to complete the picture, not only do all #EU insinuations #mHREDD law, but COMPANIES are also in favour - such as:

@AIMbrands - https://www.aim.be/news/aim-launches-its-contribution-to-the-mandatory-human-rights-due-diligence-debate/

Nordic Business Network - https://twitter.com/Lysgaard_Signe/status/1354342513172070400?s=20

26 companies, business associations - https://www.business-humanrights.org/en/latest-news/eu-mandatory-due-diligence/

9/ Finally to say that we are far from the end point but the direction of travel is becoming more positive each day

You can follow the work of @Global_Witness as this #mHREDD law starts to become a reality here https://www.globalwitness.org/en/campaigns/holding-corporates-account/