EU Commission adopts Farm to Fork & Biodiversity strategies, intended to promote sustainable economy as part of Green Deal
On 20 May 2020, the EU Commission announced the adoption of two policy packages as part of the European Green New Deal - the Biodiversity and Farm to Fork Strategy strategies. The initiatives are intended to promote a sustainable and competitive European economy, and tackle the food, farming and climate crises.
As part of this, and to ensure environmental and social concerns are embedded into business strategies, the Commission is preparing an initiative to improve the corporate governance framework, which may take the form of a legislative proposal and will address human rights and environmental due diligence obligations for companies across supply chains. Indeed, on 29 April 2020 EU Justice Commissioner Reynders committed to putting forward such a proposal in 2021.