Evan Pickworth interviews Mansoor Parker, executive in the tax practice at ENSafrica
Corporate due diligence and accountability of undertakings with business activities in the EU Picture: Cyril Marcilhacy/Bloomberg
Companies play a key role in building a sustainable economy and society. They will be required to identify and, where necessary, prevent, end or mitigate adverse impacts of their activities on human rights, such as child labour and exploitation of workers, and on the environment, for example pollution and biodiversity loss. For businesses these new rules will bring legal certainty and a level playing field.
Several members states have already introduced national rules on due diligence and some companies have taken measures at their own initiative. However, there is need for a larger scale improvement that is difficult to achieve with voluntary action. This proposal establishes a corporate sustainability due diligence duty to address negative human rights and environmental impacts.
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