Commentary: "The EU may move towards mandatory business & human rights regulation"
Members of the European Parliament (MEPs) adopted last 29 April a motion calling for resolution for mandatory human rights due diligence for corporations.The motion coincided with the second anniversary of the Rana Plaza building collapse and progress of the Bangladesh Sustainability Compact.
This motion 2015/2589(RSP) demands the Council to consider the necessity of a new EU legislation ‘to create a legal obligation of due diligence for EU companies outsourcing production to third countries, including measures to secure traceability and transparency’.
Groundbreaking Proposals by some MEPs also calls "on the Council and the Commission to include a mandatory and enforceable CSR clause in all bilateral trade and investment agreements signed by the EU, which would bind European investors to the principles of CSR ".