eccjorg.bsky.social
We are the largest civil society network fighting for accountability, transparency and justice for people & the environment harmed by corporate abuse.
đźš©Mission: We are changing the rules to make businesses accountable.
đź”—Website: www.corporatejustice.org
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The Commissions proposes to restrict #DueDiligence to just direct suppliers, so that companies would have no obligation to identify risks & potential harms beyond their immediate contracts.
But it's towards the bottom of supply chains were most #HumanRights & envi abuses widely happen
#NoToOmnibus
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Now that the #Omnibus proposal out, what's at stake?
A betrayal to those who the CSDDD aimed to protect
The message by the Commission: time to turn a blind eye to forced labour, land grabs & envi devastation—leaving victims powerless while corporations walk free
corporatejustice.org/news/press-r...
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The cost of CSDDD compliance is a pittance in comparison
The financial cost of complying with the #CSDDD – as estimated by the European Commission – would represent only 0.13% of the average shareholder payouts made in 2023.
Source: www.somo.nl/csddd-compan...
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Fact-checking by @somoamsterdam.bsky.social:
▶️Is due diligence too costly for companies?
Reality check: Companies under the #CSDDD are highly profitable.
Their average annual profits was €695M in 2023 - of which €478M was paid out to its shareholders through dividends and/or share buybacks
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Our statement ahead of tomorrow's announcement of the #Omnibus
Takeaways from the leaked text:
đź”»It is not simplification, it's full-scale deregulation
đź”»The Omnibus will gut the #CSDDD at its core
đź”»Most companies excluded from the scope of #CSRD
Online here: corporatejustice.org/publications...
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The EU calls closed-door consultation meetings w/lobbyists a "reality check"
But the real reality check is what happens when corporate impunity goes unchecked. Today, our trade union leader @kalpona.bsky.social tell us firsthand what corporate abuse means
đź”— corporatejustice.org/news/reality...
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The @ec.europa.eu is ignoring its own Better Regulation rules to fast-track its deregulation agenda.
âž•Who was at the #Omnibus consultation?
Businesses accused of corporate abuses, carbon bombs & envi allegations
âž–Who was out? Workers, communities & victims
©️Data from @somoamsterdam.bsky.social