Work - Human rights: EU adopts supply chain law
Negotiators from the European Parliament and the EU member states have agreed on a supply chain law. This is intended to hold large companies accountable if they profit from child or forced labor outside the EU, for example, according to communications from the European Parliament and the EU member states.
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- The adoption of the supply chain law by the EU signifies a significant step towards ensuring that European industries operate ethically, preventing the exploitation of human rights in their supply chains beyond EU borders.
- As large companies operating in Europe will now be held accountable for any instances of child or forced labor in their supply chains, this law is set to revolutionize the industry landscape across Europe, aligned with the EU's human rights principles.
- Given the EU's commitment to upholding human rights around the world, the implementation of the supply chain law is likely to encourage other global economies to adopt similar legislation, leading to a transformation in the global supply chain industry.
Source: www.stern.de
