‘A global standard for Mandatory Due Diligence: EU leadership towards a more sustainable world’ was the theme of the 5th annual EJSF online plenary on 3rd December 2020.
EU policymakers and representatives from companies, law firms, OECD and civil society addressed issues around civil liability and enforcement of the European Commission’s planned legislation on mandatory due diligence (MDD) expected during the first half of 2021.
In a keynote address, European Commissioner for Justice, Didier Reynders, said that the starting point for the new legislation is a level playing field for all companies, with special provision for SMEs.
The Commission’s head of unit responsible for the initiative, Maija Laurila, called on all interested stakeholders to respond to the Commission’s open public consultation on sustainable corporate governance including MDD and directors’ duties. The consultation closes 8th February 2021.
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