The EU Chocolate, Biscuits and Confectionery Industries are committed to ensuring that their products are manufactured responsibly and to the highest standards, minimising environmental impacts and respecting the human rights of people in their value chains. CAOBISCO welcomes the objective of the European Commission’s Proposal for an EU Directive on Corporate Sustainability Due Diligence that aims to improve and harmonise the EU regulatory framework on company law and corporate governance.
CAOBISCO members support an EU-wide due diligence approach that is aligned with the UN Guiding Principles on Business and Human Rights (UNGPs), with the OECD-FAO Guidance for Responsible Agricultural Supply Chains and with the objectives of the Paris Agreement.
The EU Directive on Corporate Sustainability Due Diligence should provide legal certainty and a level playing field among all actors along the value chain. To achieve maximum efficiency, the EU Directive should aim at maximum harmonisation across Europe with regards to the due diligence requirements and enforcement aspects, including administrative sanctions.
Our complete statement is available here.
