EU Parliament approves due diligence directive for corporate responsibility

Summary: The European Parliament approved the "due diligence" directive with 374 votes, requiring firms to prevent adverse impacts on human rights and the environment. It applies to EU companies with over 1000 employees and a worldwide turnover higher than 450 million euro. Firms failing to comply face fines up to 5% of their net worldwide turnover. The directive aims to make businesses more sustainable and accountable.

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