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Article

MEPs call on incoming EU Commission to advance mandatory due diligence legislation under Green Deal

"A Clean Green Deal", 23 September 2019

[T]he European Green Deal is undoubtedly one of the most-anticipated priorities of the incoming Commission...

[T]he transition to green energy sources will continue to require rare minerals... Therefore, as a part of any Green Deal, we must increase the transparency and sustainability of the global supply chains of European companies sourcing these minerals...

In 2013, ... [t]he EU Accounting and Transparency Directives were amended to require mining, oil, gas and logging companies to publish their payments to governments around the world...

However, stakeholders and experts agree that the legislation needs updated to make it more effective...

The review now offers a concrete opportunity to translate the ambitious goals of the Green Deal into meaningful action. Tabling legislation to strengthen the reporting obligations of extractive companies is a low-hanging fruit; information on these payments made should be more accessible, consistent and comprehensive.

The revision of the extractive transparency legislation should be part of a broader agenda of ensuring that European companies uphold human rights and environmental standards globally.

We will push the von der Leyen Commission to advance legislation that requires all companies to address the negative impacts of their activities on people and the planet through mandatory due diligence throughout their global supply chains...