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Greening EU Trade: with Didier Reynders, European Commissioner for Justice
June 2, 2021 @ 3:30 pm - 4:30 pm
The panel will be invited to discuss how the EU should harness its market power when it comes to supply chain sustainability at the international level, whether through regulation, improved controls, encouragements and supervision of voluntary approaches, or new strategies such as due diligence obligations to ensure the sustainability of corporate supply chains.
An upcoming EU legislative proposal on Sustainable Corporate Governance could lead to the implementation of new business liability mechanisms, which would have a considerable impact on companies, their operations, and supply chain management and supervision. Unsurprisingly, industry associations went on record early to stress that any future EU legislative approach has to be “workable, proportionate and effective.”
For some environmental impacts, common definitions and standards will need to be found at the international level, requiring enhanced cooperation between private and public stakeholders as well as with civil society and NGOs. An intense exchange of ideas and information between the public and private sector will also be essential at the EU level to make sure the new regulatory framework is fit for purpose and reaches its targets.
As the discussion on supply chain due diligence is entering a new phase, we invite politicians, elected officials, decision-makers, business leaders, and civil society representatives to join us for a timely discussion on this important topic. The third edition in our webinar series will be again hosted and moderated by Geneviève Pons, Director General of Europe Jacques Delors in Brussels, and Pascal Lamy, Vice President of Europe Jacques Delors and Chair of Europe at Brunswick Group.