Marketing clothing from forced labour, wood produced in areas of deforestation, exploiting hydrocarbon deposits in defiance of the objectives of the Paris Agreement or financing groups accused of polluting the places they exploit... Financial or legal problems could accumulate for European companies with little regard for their suppliers, subcontractors and business partners.
Just over a decade after the Rana Plaza textile factory tragedy in Dhaka, Bangladesh, which increased media and political pressure on corporate accountability, MEPs on Thursday approved a due diligence directive that could impose greater scrutiny on companies at every stage of their business. And prohibit them from continuing to work with partners who are not very advanced on respect for human rights or environmental standards. The result: civil lawsuits and financial penalties of the order...
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