6 Amendments of Karin KARLSBRO related to 2020/2137(INI)
Amendment 6 #
Draft opinion
Paragraph 1
Paragraph 1
1. Reiterates that global value chains are the key feature of the global economy and that trade policy must contribute to a transparent production process throughout the value chain and; demonstrate compliance with environmental, social and safety standards in line with the Paris Climate Agreement and promote the achievement of the SDGs;
Amendment 33 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes that the COVID-19 crisis has exposed the vulnerabilities of unregulated global supply chains, and that businesses with better environmental, social and governance practices and risk mitigation processes have weathered the crisis better;
Amendment 38 #
Draft opinion
Paragraph 4
Paragraph 4
4. Notes with concern that less than 1 % of companies publicly list their suppliers, even in high-risk sectors; notes that publicly listed companies, unlisted public companies and private companies registered in the EU may have different obligations under national law in regards to sustainable corporate governance; recalls the importance of levelling the playing field vis-a-vis companies registered outside of the EU;
Amendment 48 #
Draft opinion
Paragraph 5
Paragraph 5
5. Stresses that directors’ duties should encompass an obligation to develop, disclose and implement a long- term corporate sustainability strategy for all aspects of the company’s operations, including its supply chainlocal and global supply chains; notes that adjustments to the composition of a board of directors, such as through the appointment of a member with knowledge of sustainable corporate governance, could increase compliance with these obligations; considers that the principle of proportionality should be applied to the likelihood of a breach of obligations rather than the size of the company; notes notwithstanding that all efforts should be made to reduce the regulatory burden on SMEs;
Amendment 55 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Calls upon the Commission to review the impact of sustainable corporate governance obligations on financial institutions providing trade finance;
Amendment 67 #
Draft opinion
Paragraph 7
Paragraph 7
7. Notes that sustainable corporate governance cannot reach its full potential without due diligence legislation that requires companies to identify, prevent, mitigate and account for human rights abuses and environmental damage in their global value chains.; calls on the Commission to explore an EU-level certification scheme for supply chains as part of its legislative proposal on due diligence; calls on the Commission to rapidly assess, following the principle of “one in, one out”, which existing regulation could be updated or replaced;