Which is the impact on developing countries?
The new rules are expected to bring multiple benefits for developing countries. Which is the impact?
0 Comments
ESG Peers Answered question September 8, 2024
1 Answer
The new rules are expected to bring multiple benefits for partner countries in which entities that are part of the chains of activities of companies in scope operate, such as:
- better protection of human rights and the environment;
- more sustainable business operations;
- increased take-up of international standards;
- investment from EU companies, capacity building and support for business partners;
- financial support for SMEs;
- improved living conditions for people;
- better access to justice and remedy for victims of adverse impacts.
ESG Peers Answered question September 8, 2024