New EU Regulation imposing sanctions on companies involved in serious human rights violations worldwide

On December 7, 2020, the Council of the European Union adopted Regulation 2020/1998 concerning restrictive measures against serious human rights violations and abuses.

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First draft on EU mandatory human rights due diligence out

See update on the EU Parliament draft Directive adopted on March 10, 2021.

On September 2020, the EU Parliament Committee on Legal Affairs published a draft report containing a text of proposed Directive on mandatory human rights due diligence and recommendations to the EU Commission.

According to an EU Commission study, currently, only 37% of business respondents conduct environmental and human rights due diligence and only 16% cover the entire supply chain.

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