Further signatories call for the EU Corporate Sustainability Due Diligence Directive to meet UN and OECD standards.
As EU law on human rights and sustainability due diligence edges nearer to its final form, the OECD issues fresh guidance to multinationals.
MEPs have voted through the EU Corporate Sustainability Due Diligence Directive, which is likely to be amended by ‘trilogue’ negotiations.
More companies have added their voices to the call to make the EU Corporate Sustainability Due Diligence Directive align with UN standards.
The ICGN also seeks clarity on what role boards will play in supervising due diligence under the forthcoming EU directive.
A letter to the European Union asks that definitions in the coming directive are consistent with guidelines from the UN and OECD.
The not-for-profit body cautions that removing mandatory consideration of sustainability in due diligence threatens green targets.
NGOs join up to pursue bank through the courts for failing to comply with French law on human rights and sustainability due diligence.
As the new rules wend their way through the EU drafting process, interested parties from all sides clamour to be heard.
One in 10 mergers and acquisitions now has an ESG component, according to estimates by Bain & Co consultancy.