FEDIL is pleased to invite you to its first workshop on the subjects of “sustainable corporate governance” and “due diligence” with regard to human rights.
In Brussels, the EU debates on the implementation of mandatory human rights due diligence have gained momentum. In this context, the European Commission also presented a “Study on directors’ duties and sustainable corporate governance” in July 2020, in which it suggests further action to foster more sustainable corporate governance and to increase corporate accountability for sustainable value creation.
Several Member States are working or have already worked on national bills. In France, Law No. 2017-399 on the duty of vigilance of parent companies and ordering companies was adopted in 2017. In Germany and Luxembourg, the current debate revolves around the possible “Lieferkettengesetze” and especially the German proposal could influence the European Commission’s plans. In addition, the European Parliament has prepared own-initiative reports on these two subjects and, under the influence of the German presidency, there could also be Council conclusions at the end of the year.
Finally, the President of the European Commission, Mrs. Ursula von der Leyen, confirmed in her speech on the state of the EU 2020, that a legislative initiative on these topics is planned for the first quarter of 2021.
At the workshop on October 21, 2020, we will see together what the Commission’s approach to its 2021 proposal could be and how EU action would affect business. The next step will be to launch a first discussion within FEDIL around a feedback of experiences from our member companies:
What is the reality on the ground that companies are facing?
What are the specific needs and particularities of your sector/company?
The aim of this workshop is:
- to inform our members about current events at the European level,
- to determine the impact of a new initiative on the activities of our members.
- to reflect on a corporate response to the issue of compliance with environmental, social and human rights standards in the value chain; and
- to collect their points of view in order to usefully represent their interests during European consultations and political meetings designed to make our companies’ voices heard in European debates.
The agenda and the connection link to the meeting will be sent to you after your registration. Feel free to share this invitation with your colleagues internally. If you have any questions, please do not hesitate to contact Angela Lo Mauro.