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JBCE updates

JBCE published the position paper on Corporate Sustainability Due Diligence Directive

23/05/2022

On 23rd May, JBCE published the position paper on the proposal for Corporate Sustainability Due Diligence Directive, published by the European Commission on 23 February 2022.

JBCE supports the Commission’s ambition to enhance due diligence in corporate management processes and hence prevent adverse impacts related to environmental and human rights factors. JBCE recognises that such a legislative framework is important to encourage a corporate ‘culture of no harm’.

For the new due diligence obligations to truly make an impact, the proposed measures need to be implementable and bring a high level of legal certainty for companies. JBCE urges for more clarity in the Commission’s proposal regarding key concepts and definitions and it is important to ensure that the EU framework is aligned with international standards – including the UN Guiding Principles for Business and Human Rights (UNGPs) and the OECD Guidelines for Multinational Enterprises (OECD MNE Guidelines).

Our full statement can be found in the attached position paper.