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Risk-based due diligence makes business sense as it allows prioritising action where it matters most.\u201d Credit: Alexander Supertramp\/Shutterstock.com.<\/p>\n
The organisations, amfori, Cascale, Ethical Trade Initiative (ETI), Ethical Trade Norway, ETI Sweden, Fair Labor Association, Fair Wear Foundation, the German Partnership for Sustainable Textiles, Green button and the Social & Labor Convergence Program (SLCP) \u2013 representing over 8,000 member companies and affiliates \u2013 made the call ahead of the upcoming EU negotiations on the EU Omnibus proposal.<\/p>\n
They say watering down the EU Omnibus proposal<\/a> must not compromise standards <\/strong>and want them to align with programmes including the OECD Guidelines for Multinational Enterprises, the UN Guiding Principles on Business and Human Rights, and ILO Conventions.<\/p>\n \n\t\t\t\t\t\tCombine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.\n\t\t\t\t\t<\/p>\n \u201cRisk-based due diligence makes business sense as it allows prioritising action where it matters most,\u201d the statement reads. \u201cIt enables companies to prioritise risks and therefore manage them effectively, build resilient supply chains, and contribute meaningfully to the EU\u2019s climate and social goals.\u201d<\/p>\n Recommendations to EU policymakers on Omnibus proposal <\/p>\n The organisations have outlined three key recommendations for EU policymarkers, including: <\/p>\n A risk-based approach should be the foundation of due diligence and reporting obligations. This enables companies to prioritise the most severe and likely risks to people and the environment, rather than applying a one-size-fits-all model.<\/p>\n Empower companies to work closely with their suppliers across the supply chain. Moving away from a rigid cap will foster transparency, responsible business practices and meaningful stakeholder engagement.<\/p>\n Clear, stable regulations are essential for businesses to plan, invest and engage confidently with global partners.<\/p>\n The signatories reaffirm their commitment to advancing responsible business conduct in global supply chains. They believe that simplifying due diligence and reporting requirements can be achieved without compromising the spirit of international standards.<\/p>\n \n Sign up for our daily news round-up! Just Style Excellence Awards – The Benefits of Entering<\/p>\n Gain the recognition you deserve! The Just Style Excellence Awards<\/strong><\/a> celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving apparel and textile industry advancements. Don\u2019t miss your chance to stand out\u2014submit your entry today!<\/p>\n![\"\"\/](\"https:\/\/www.just-style.com\/wp-content\/themes\/goodlife-wp-B2B\/assets\/images\/GMS-logo.svg\"){kind=logo}
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