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