Posted on 02/09/2023 9:01:11 AM PST by Oldeconomybuyer
LONDON, Feb 9 (Reuters) - A panel of European Union lawmakers on Thursday backed an amendment to extend the reach of groundbreaking draft legislation to force companies to check whether their suppliers use slave or child labour, or pollute the environment.
The EU's executive European Commission proposed the draft corporate sustainability due diligence (CSDD) law last year to put pressure on companies to meet net-zero climate targets.
Under its terms companies would have to identify, monitor and mitigate the adverse impact of their activities on the environment, as well as adopt transition plans to meet net-zero goals.
Parliament's environment committee voted on Thursday to back a more ambitious scope of the draft law, to cover companies with more than 250 staff and an annual worldwide turnover of more than 40 million euros ($43.04 million).
"With its position, the environment committee sends a strong signal: We want to oblige companies to ensure their entire value chain is climate neutral by 2050," German centre-left committee member Tiemo Wolken said in a statement.
"The environment committee today voted to do what the commission failed to do: take the climate crisis seriously and set concrete rules for reducing business emissions," said Jill McArdle, corporate accountability campaigner at Friends of the Earth Europe.
Like many EU states, parliament's biggest party, the centre-right EPP, has opposed toughening up the rules.
The World Benchmarking Alliance, which ranks company efforts to meet sustainable goals, said the coming months will be crucial, and the current political divide risks leading to divided implementation and adherence to the final law.
(Excerpt) Read more at reuters.com ...
The EU is a blight on the face of the planet.
That’s crazy talk-—ESG is right wing conspiracy nonsense!
(All the media for the last 10 years)
Why are we allied with those woke governments in a war against Russia?
NEWSFLASH! NET ZERO carbon does not exist. Fookin’ assclowns.
The globalists who push to legalize pedo have the audacity to claim they care about child slaves.
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