Companies including Adidas, Nestlé and Ericsson have pledged their backing for “new binding standards which benefit all”.
The drive for new European laws compelling companies to undertake mandatory human rights due diligence has received a boost: from companies themselves. Twenty-six large corporates have signed a letter offering their support for mandatory human rights and supply chain due diligence. Earlier this year European commissioner Didier Reynders announced he hoped to have the legislation in place by 2021. The companies, among them Adidas, Nestlé, Ericsson and supermarket giant Aldi, say the Covid-19 pandemic demonstrates vulnerabilities in supply chains. “As we recover and rebuild, we recognise the need for new binding standards which bene