EU Agrees on Forced Labour, Environmental Harm Disclosures for Companies
Source: Business of Fashion.
In a major step forward for sustainability, the EU has agreed on new rules requiring large companies to identify and address human rights abuses and environmental damage in their supply chains. Under the landmark corporate due diligence law, firms will need to take action if they find issues like child labour or climate impacts. While financial institutions received a temporary exemption for clients, they will still face strengthened obligations to curb emissions. The deal marks a shift toward fast-tracking alignment with the Paris Agreement and holding brands accountable for harms. Click here to learn more about the new rules.