HRDD legislative proposal delayed AGAIN
Several sources report that the European Commission has further delayed the publication of the promised proposal on Human Rights Due Diligence. The ETUC counts the days.
The European Commission’s draft set of sustainable corporate governance rules are set to be delayed from December 8 until later in the month, according to several people briefed by Commission officials.
Accordingly, we may wait until the two last meetings The College of Commissioners this year on December 14 and December 22. Meanwhile the ETUC has started counting the days since the first promised date for the proposal: Today we're alreday counting 146 days - that'll be more than 150 in December!
The sustainable corporate governance proposal, which Vice President Věra Jourová will present, includes new due diligence rules to curb environmental and labor abuses in corporate supply chains as well as new corporate directors’ duties to integrate mandatory sustainability criteria into their decision-making.
The new rules were originally supposed to come out in June, but the Commission pushed back the proposal’s release first to October. It was then delayed until December 8 in its release calendar — perhaps partially to account for incorporating an import ban on products made with forced labor into the future law’s design.