European Union countries have agreed to a law requiring companies to ensure their supply chains do not cause environmental damage or use forced labour.
A majority of 17 out of the 27 members backed the legislation on Friday and there were no votes against it.
The agreement came only after substantial changes were made to the original text.
The agreement came only after substantial changes were made to the original text.
The Corporate Sustainability Due Diligence Directive (CSDDD) will mean European companies have to document that products they import adhere to environmental and human rights standards, such as not involving child labour.
They will also be required to prevent or minimise potential harm and to communicate their findings.
However, compromises made following weeks of negotiations on the draft text mean only larger businesses that have 1,000 employees or more and which have a net turnover of at least €450m (£384m; $489m) will be affected.
The original proposal was for it to affect firms with 500 employees or more and with a revenue of €150m.
The draft legislation must be approved by the European Parliament to become law – and MEPs are expected to back it.
European Union countries have agreed to a law requiring companies to ensure their supply chains do not cause environmental damage or use forced labour.
The agreement came only after substantial changes were made to the original text.
A majority of 17 out of the 27 members backed the legislation on Friday and there were no votes against it.
The Corporate Sustainability Due Diligence Directive (CSDDD) will mean European companies have to document that products they import adhere to environmental and human rights standards, such as not involving child labour.
The agreement came only after substantial changes were made to the original text.
The agreement came only after substantial changes were made to the original text.
The Corporate Sustainability Due Diligence Directive (CSDDD) will mean European companies have to document that products they import adhere to environmental and human rights standards, such as not involving child labour.
They will also be required to prevent or minimise potential harm and to communicate their findings.
However, compromises made following weeks of negotiations on the draft text mean only larger businesses that have 1,000 employees or more and which have a net turnover of at least €450m (£384m; $489m) will be affected.
The original proposal was for it to affect firms with 500 employees or more and with a revenue of €150m.
The draft legislation must be approved by the European Parliament to become law – and MEPs are expected to back it.
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