Moving towards a Social Taxonomy: The challenge of International Supply Chains
With the publication of the Taxonomy Regulation in June 2020, the framework for an EU-wide classification system aimed at identifying economic activities recognised as environmentally sustainable was officially established. The initial aim for creating the framework was to prevent green washing and stimulate investments in environmentally sustainable activities. However, to be truly sustainable, the social dimension of a company’s activities must also be taken into account.
In October, the Platform on Sustainable Finance will begin to operate and the development of a social taxonomy will be one of its main tasks. Identifying gaps in existing practices and establishing parameters for what a socially responsible investment looks like will provide a clear framework for investors.
In parallel, the European Commission is currently developing a legislative proposal on director’s duties and supply chain due diligence. This will include measures the companies will have to take to address their adverse sustainability impacts, including potential harm of human rights in both their own operations and value chain.
In order for both of these initiatives to work well and set a pioneer global standard, they will have to go hand in hand.
This webinar will explore the connections between supply chain due diligence and potential integration of human rights into the upcoming social taxonomy. The webinar will discuss investigating human rights risks in supply chains, assessing the most prominent patterns of abuses and look for best policy solutions to address this issue through the upcoming EU initiatives.
- Webinar link: https://zoom.us/j/98930021554
Date
- Expired!
Time
CET
Organiser
Nickolas Reinhardt
Phone
+32475330039Director
Other Organizers
-
Esther Bleys
-
Email
Esther.Bleys@aforeconsulting.eu
Speakers
-
Heidi HautalaMember of the European ParliamentHeidi Hautala is Vice-President of the European Parliament, Member of the European Parliament in the Greens/EFA group and former Minister for International Development and State Ownership Steering in Finland. She was born in 1955 in Oulu, Finland, and has a master’s degree in agriculture and forestry.
She was elected as a Vice-President of the European Parliament in October 2017 and continues in the office. Heidi serves on the Committee on International Trade, the Subcommittee on Human Rights and as a substitute on the Committee on Legal Affairs of the European Parliament. In 2017 Heidi established a Working Group on Responsible Business Conduct in the European Parliament.
She has complemented her extensive political career at national and European level with other professional activities (journalist, founder of a restaurant) and combined it with her various voluntary work commitments related mostly to human rights
-
Mariana AbreuHead of ESG & Human Rights, WallbrookMariana is a human rights lawyer and the head of Wallbrook’s Environmental, Social and Governance (ESG) & Human Rights practice. Originally from Brazil, she has over 10 years of experience working on human rights, anti-corruption and environmental issues. Major projects she has worked on include tracking the links between agribusiness and deforestation of the Amazon rainforest at Global Witness and investigating the human rights impact of mining companies in Mozambique at Amnesty International. At Wallbrook, she supports leading investors and businesses on ESG & human rights due diligence and supply chain tracing.
-
Nabylah Abo DehmanManager, Social Issues, PRINabylah joined the PRI in June 2017, where she has been focusing on social issues as part of the ESG team. At the PRI, Nabylah supports investors’ efforts to address social issues such as human rights, decent work and responsible sourcing with companies in their portfolios both through collaborative engagements and publication of practical guidance.
Prior to joining the PRI, Nabylah completed her PhD in Political Science at Sapienza University.