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Not one but two EU Commissioners are currently setting out to address the management of supply chains with new legislative initiatives. Financial Affairs Commissioner McGuinness and Justice Commissioner Reynders are working on a new corporate due diligence and a corporate sustainability reporting directive (CSRD) respectively. The aim is to build “a consistent framework on corporate reporting, and on sustainable corporate governance”.
Moving beyond voluntary measures, the laws would require companies to scrutinize their own social and environmental impact all over the world, and to identify, prevent and remedy any harm to human rights or the environment their operations may cause. On the national level, too, governments are attempting to introduce new regulations on the transparency of supply chain production and working conditions. While large multinational companies already have to report on non-financial issues, the new regulations also target SMEs.
But what would be the impact for activities of SMEs in third countries? How will companies from third countries be treated when attempting to access the EU’s single market? What responsibilities lie with governments? Could sector-specific approaches be a more efficient solution?
We kindly invite you to join our online conference where we will discuss these questions with our panelists, Lucrezia Busa, Member of Commissioner Reynders Cabinet at the European Commission, Antje Gerstein, Managing Director of the German Retail Federations Brussels Office and Dr. Adriana Neligan, a senior economist from the German Economic Institute.
Please register via the following LINK.
We are looking forward to Your participation!
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