Heartland and 93 investors with more than $6 trillion in assets under management and advisement reaffirmed via a public statement their support for mandated human rights and environmental due diligence in the EU.
Whether the upcoming EU directive on corporate due diligence will make an actual difference on the ground will depend on the details of this legislation. For this reason, investors and civil society have been calling on the Commission to make sure the directive ensures corporate accountability for human rights and environmental impacts through administrative and civil liability, and access to remedy for affected people. The investors say the involvement of directors is paramount to ensure that the necessary strategic decisions are made and integrated into overall corporate strategies and business operations.