MEPs to discuss upcoming sustainable corporate governance initiative 

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On Wednesday, members of the Legal Affairs Committee will debate the future due diligence and sustainable corporate governance rules with Justice Commissioner Didier Reynders.

The Commission is expected to present a legislative proposal on mandatory human rights and environmental due diligence obligations for EU companies in the first quarter of 2021. Such rules would require companies to identify, prevent and mitigate adverse human rights and environmental impacts in a company’s own operations and in its value chain.

When: Wednesday, 2 September, 18.15 - 18.45

Where: European Parliament in Brussels, József Antall building (6Q1) & remote participation

Before the debate with Justice Commissioner Reynders, MEPs will exchange views on two upcoming JURI reports on Corporate due diligence and corporate accountability and on Sustainable corporate governance (17.15 - 18.15).

You can follow the meetings live here. Due to the COVID-19 outbreak, journalists are strongly advised to follow the meeting online.

Background

A study published in February by the European Commission in February found that only one in three companies in the EU is currently undertaking due diligence measures and around 70% of European businesses surveyed support EU-wide due diligence rules. According to another study on sustainable corporate governance from July, listed companies within the EU still tend to focus on short-term benefits of shareholders rather than on the long-term interests of companies. The Commission is expected to launch a public consultation on sustainable corporate governance in autumn 2020.