[HIGHLIGHTS] EU supply chain law threatens to fail

EU supply chain law threatens to fail. German leading associations fear “legal uncertainty, bureaucracy and incalculable risks” due to the new EU supplyChain law.

The EU Supply Chain Act aims to hold large companies accountable if they profit from child or forced labor outside the EU. Larger companies must also create a plan to ensure their business model and strategy are consistent with meeting the Paris climate targets to limit global warming. A final vote among the EU states is still pending in the EU Council.