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In recent weeks, it has been reported that the Commission will delay the adoption of the legislative proposals on (i) minimising the risk of deforestation and forest degradation associated with products placed on the EU market and (ii) sustainable corporate governance – first until late July due to issues raised by the Regulatory Scrutiny Board, now until after the summer recess.
There has been no official statement from the Commission on either initiative to explain these delays or the change in direction on the sustainable corporate governance initiative. The fate of these proposals and their new timelines for adoption is now unclear. This raises concerns.
These initiatives are essential to ensure respect for human rights, promote sustainable development, and protect the environment – founding values of the European Union. They are also crucial to the EU’s efforts to address the global climate and biodiversity crises, and for protecting rights holders and communities around the world from the environmental and social impacts of EU business activities, supply chains, finance and consumption.
These files should be top priorities for achieving the global dimension of the Green Deal.