European Parliament gives first green light to new bill on firms’ impact on human rights and environment

The bill include new “due diligence” rules will apply to EU and non-EU companies with over 1000 employees and 450 million euro turnover, human rights and environmental impact will be integrated into companies’ governance, companies will also prepare transition plan limiting global warming to 1.5°C, Fines for non-compliance and firms’ liability for damages…