1. Notes that the increasing globalisation and complexity of value chains enhances the importance of the role played by corporations in the enjoyment of and respect for human rights...; notes with concern, however, that existing standards, principles and mechanisms for redress on business and human rights are still fragmented in international law and that there has been little progress in the implementation of the UN Guiding Principles on Business and Human Rights, ...as well as on the road towards binding rules on corporate liability...

15. Welcomes the practice of incorporating responsibility for respecting human rights into the binding contractual obligations between companies and their clients and suppliers...

16. Welcomes the many promising initiatives taken by the private sector, such as codes of conduct, labelling, self-assessment and social audits, ...calls on companies, whether European or not, to apply human rights due diligence and to integrate their findings into internal policies and procedures...

20. ...calls on the Commission to draw up a legislative proposal on binding due diligence obligations for supply chains...

23. Urges the Commission to act swiftly, following the detailed proposals contained in Parliament’s resolution on corporate liability for serious human rights abuses in third countries adopted on 25 October 2016.