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The Impact of the Ongoing European Legislative Process regarding Corporate Sustainability Due Diligence on Contracts between Companies and their Partners
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| The proposed Directive on Corporate Sustainability Due Diligence stands as a significant milestone in the safeguarding of human rights and the environment. The ongoing legislative process within European Union has given rise to new considerations regarding the methods of risk mitigation that companies, under the scope of the future Directive, will adopt. Among the risk management methods currently under discussion is the use of contracts between companies and their partners, with a notable emphasis on bilateral contracts. In this article, we delve into the introduction of corporate liability for damages and its interaction with contracts as a means of risk management. However, we propose an approach that extends beyond bilateral contracts, advocating for the consideration of multilateral contracts. This particularly pertains to the creation and implementation of preventive action plans to address potential adverse impacts, as well as corrective action plans to manage actual adverse impacts on human rights and the environment. | 1.81 MB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
The proposed Directive on Corporate Sustainability Due Diligence stands as a significant milestone in the safeguarding of human rights and the environment. The ongoing legislative process within European Union has given rise to new considerations regarding the methods of risk mitigation that companies, under the scope of the future Directive, will adopt.
Among the risk management methods currently under discussion is the use of contracts between companies and their partners, with a notable emphasis on bilateral contracts. In this article, we delve into the introduction of corporate liability for damages and its interaction with contracts as a means of risk management. However, we propose an approach that extends beyond bilateral contracts, advocating for the consideration of multilateral contracts. This particularly pertains to the creation and implementation of preventive action plans to address potential adverse impacts, as well as corrective action plans to manage actual adverse impacts on human rights and the environment.
Descrição
Palavras-chave
Corporate Social Liability Corporate Social Responsibility
Contexto Educativo
Citação
Pires, C. (2024). The Impact of the Ongoing European Legislative Process regarding Corporate Sustainability Due Diligence on Contracts between Companies and their Partners. Zeitschrift für das Privatrecht der Europäischen Union. ISSN 2364-7205. 21:1, 44-48.
Editora
Verlag Dr. Otto Schmidt KG