background image

New European Union ESG regulations impact the supply chain profession

author image

By illuminem briefings

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:

🗞️ Driving the news: The European Union (EU) is imposing new sustainability and human rights regulations impacting supply chains
• These regulations include the prohibition of vague green claims by companies and a directive requiring businesses to mitigate environmental and human rights violations within their entire supply chain

🔭 The context: In January, the EU Parliament adopted laws against "greenwashing" and approved the Corporate Sustainability Due Diligence Directive (CSDDD) in March
• These regulations aim to enforce more accurate environmental advertising and extend corporate accountability for human rights and environmental impacts

🌍 Why it matters for the planet: The legislation is crucial for improving corporate transparency and accountability, encouraging more sustainable and ethical business practices, and reducing misleading environmental claims, which can misguide consumers and hinder environmental progress

⏭️ What's next: The new regulations await final approval from the EU Council
• Once enacted, member states will have two years to integrate these laws into national legislation, marking a significant shift towards stricter sustainability governance in the EU

💬 One quote: "More burdensome sustainability regulations will inevitably affect a company’s supply chain team," notes the article, highlighting the operational challenges companies face due to these new regulations

📈 One stat: A recent EU study found that over half of green claims by companies in the EU were vague or misleading

Click for more news covering the latest on sustainable business

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)