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17 Jun 2015

European Coalition for Corporate Justice

France: Historic vote for corporate accountability

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The French National Assembly passed an historic bill on the 31st March 2015. If approved by the Senate, it would considerably improve French companies’ responsibility for their impact worldwide. The Assembly is now calling for European action...Under the new requirements, large French companies would have to implement and publish ‘vigilance plans’(also called due diligence plans) prior to conducting business with companies in France and abroad – whether they are subsidiaries, subcontractors or suppliers...Forum Citoyen pour la RSE fears that the law does not go as far as initially planned...Fierce lobbying by French companies has certainly played its part in the weakening of the proposal...The French National Assembly adopted a resolution on the 12th May calling on the European Union to adopt a similar legislation at European level. If endorsed by other Member State parliaments, this initiative could trigger a European reform...