EU to Enforce ‘Ethical’ Supply Chain With Stiff New Fines
- EU’s Reynders calls for ‘dissuasive’ sanctions in nations
- He says ethical supply-chain rules are ‘game changer’
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The European Union’s ethical supply-chain rules are a “game changer” but must be backed by “dissuasive” sanctions, EU Justice Commissioner Didier Reynders said.
The proposals unveiled Wednesday will require companies to report on any violations to international rules on child labor, workers’ rights or environmental damage. Firms that fail to act could face fines as well as compensation claims.