EU Supply Chain Law Defended by SPÖ Politician Andreas Schieder

Andreas Schieder, a prominent politician from Austria's Social Democratic Party (SPÖ) , has come out in strong defense of the European Union's proposed Supply Chain Law. The law aims to hold companies accountable for ensuring human rights and environmental standards are upheld throughout their global supply chains.

Schieder, who serves as a Member of the European Parliament, argued that the law is a necessary step to address the exploitation and abuse that often occurs in the production of goods sold in Europe. "We cannot turn a blind eye to the suffering and environmental destruction caused by irresponsible business practices," he said in a recent statement.

The proposed law would require companies operating in the EU to conduct due diligence on their supply chains, identifying and mitigating risks related to human rights violations, labor abuses, and environmental harm. Companies found to be in violation of the law could face significant fines and legal consequences.

Why this matters: The EU Supply Chain Law has the potential to significantly impact the way companies do business and could lead to improved working conditions and environmental practices in countries around the world. The law's passage would represent a major victory for human rights and environmental activists who have long advocated for greater corporate accountability.

Critics of the law, including some business groups, have argued that it places an undue burden on companies and could lead to increased costs for consumers. However, Schieder dismissed these concerns, stating that "the cost of doing nothing is far greater than the cost of compliance."

The proposed law has already attracted support from a number of other prominent European politicians and is expected to be a key topic of discussion in the coming months as the EU works to finalize the legislation. Schieder vowed to continue pushing for the law's passage, saying "we have a moral obligation to ensure that the products we consume are not tainted by human suffering or environmental destruction."

Key Takeaways

• Austrian politician Andreas Schieder strongly supports EU's proposed Supply Chain Law.
• The law aims to hold companies accountable for human rights and environmental standards.
• The law would require companies to conduct due diligence on their supply chains.
• The law could significantly impact businesses and improve global working conditions.
• Critics argue the law places undue burden, but Schieder says inaction is costlier.