PRESS-NEWS.org - Press Release Distribution
PRESS RELEASES DISTRIBUTION

Proposals for an efficient and effective corporate sustainability due diligence in Europe

2023-11-28
(Press-News.org)

The Supply Chain Intelligence Institute Austria (ASCII) advocates for a revision of the EU Corporate Sustainable Due Diligence Directive (CS3D). The proposed amendments focus on direct monitoring of suppliers – instead of bilateral supply links – and the introduction of negative and positive lists to streamline due diligence processes, improving effectiveness and reducing costs for EU importers.

 

The Corporate Sustainability Due Diligence Directive (CS3D), currently under negotiation by EU institutions with a potential adoption in 2024, aligns with international norms to cover both human rights and environmental impacts in supply networks. “With our recently published Policy Brief, we propose to refine the directive and emphasize the need for state and private sector involvement in compliance monitoring to counter the rising risk of legislation breaches especially in the face of recent geopolitical shifts,” explain Peter Klimek, ASCII Director and complexity researcher at the Complexity Science Hub (CSH), and Gabriel Felbermayr, ASCII President and Director of the Austrian Institute of Economic Research (WIFO).

ADDITIONAL WEIGHT ON COMPANIES

The CS3D asks companies to conduct due diligence across all operations and value chains, causing additional costs for importers due to increased monitoring measures and due diligence activities. Notable features include risk management systems, a grievance mechanism, and an annual report on due diligence efforts. The directive applies to EU and non-EU companies that will be subject to sanctions in case of non-compliance.

LEGISLATION BREACHES PRESENT IN NEARLY ALL SUPPLY CHAINS

A recent study by ASCII indicates that nearly every European company is directly or indirectly at risk of having offenders in its supply chain. “Due to the dense nature of supply networks, most companies are extremely likely to have at least one offender in the second or third tier of suppliers, even in larger and less open EU economies,” says Felbermayr.

FOCUS ON FOREIGN SUPPLIERS

According to ASCII, approximately 20,000 EU-based companies and up to 900 million supply relationships are affected by the CS3D. To maximize efficiency and save costs, ASCII recommends concentrating efforts on foreign suppliers rather than on bilateral relationships, introducing a certification system at the country or company level with the help of negative and positive lists maintained by public authorities and private companies. This approach not only streamlines European due diligence efforts but also creates a supply chain certification industry with global influence.

The withdrawal of EU importers from specific source countries could significantly affect the diversification of EU imports, potentially pushing employment into informal sectors with inferior labor and environmental standards. Additionally, the directive could shift power dynamics, disadvantaging small and medium-sized enterprises (SMEs), the backbone of the European economy.

A GLOBAL ROADMAP

ASCII proposes a roadmap for revisioning the CS3D to promote sustainable corporate practices without overly weighing on businesses. “With a focus on efficient monitoring and innovative certification systems, the recommendations made in the Policy Brief aim to promote the global influence of EU labor laws and sustainability measures while representing the interests of SMEs,” says Klimek.

_____________________

SERVICE

The Policy Brief is available for download here: Proposals for an Efficient and Effective Corporate Sustainability Due Diligence in Europe

 

_____________________

 

ABOUT THE SUPPLY CHAIN INTELLIGENCE INSTITUTE AUSTRIA

The Supply Chain Intelligence Institute Austria (ASCII) provides analyses to better address future challenges related to value networks, strategic interdependencies, and ensuring production and supply security. The aim is to provide decision-makers in politics, administration, and industry with a solid basis for achieving national and international goals of secure value creation and environmental neutrality.

This project is being implemented in close cooperation with the founding organizations: the Complexity Science Hub, WIFO, Logistikum of the Upper Austrian University of Applied Sciences and Verein Netzwerk Logistik.

 

 

END



ELSE PRESS RELEASES FROM THIS DATE:

IOP Publishing launches Sustainability Science and Technology – a new interdisciplinary OA journal aimed at fostering a sustainable future

IOP Publishing launches Sustainability Science and Technology – a new interdisciplinary OA journal aimed at fostering a sustainable future
2023-11-28
IOP Publishing (IOPP) is launching Sustainability Science and Technology, an interdisciplinary, open access journal dedicated to advancing sustainability through cutting-edge research in science, technology, and engineering. The new journal will bring together researchers from diverse disciplines across engineering, chemistry, physics, materials science and environmental science to address global challenges and contribute to a more sustainable future.  Sustainability Science and Technology sets itself apart by focussing on the critical importance of sustainable impact. ...

Female toxin-producing newts are surprisingly more poisonous than males

2023-11-28
Tetrodotoxin, the neurotoxin that makes a blue-ringed octopus deadly, also protects Taricha newts — but we don’t understand how they produce it, or what purposes it serves for them. A first step to answering these questions is understanding whether different levels appear in males and females. In sexually reproducing animals, dimorphic traits such as color or canine tooth size can be key for survival and reproductive fitness. Investigating whether toxin production is a sexually dimorphic trait in newts gets us closer to understanding it. “It had long been considered that newts’ ...

Macaque trials offer hope in pneumonia vaccine development

Macaque trials offer hope in pneumonia vaccine development
2023-11-28
Osaka, Japan – The global impact of the coronavirus pandemic has ignited a renewed focus on emerging and re-emerging infectious diseases. Researchers at Osaka Metropolitan University are making great strides in combating pneumococcal pneumonia, one of the leading causes of respiratory deaths worldwide. Despite the existence of vaccines against pneumococcal infections such as otitis media, sinusitis, and meningitis, the prevalence of pneumococcal pneumonia remains high. Currently, around 100 new serotypes of Streptococcus pneumoniae have been identified, and ...

Nextgen computing: Hard-to-move quasiparticles glide up pyramid edges

2023-11-28
Image A new kind of "wire" for moving excitons, developed at the University of Michigan, could help enable a new class of devices, perhaps including room temperature quantum computers.  What's more, the team observed a dramatic violation of Einstein's relation, used to describe how particles spread out in space, and leveraged it to move excitons in much smaller packages than previously possible. "Nature uses excitons in photosynthesis. We use excitons in OLED displays and some LEDs and solar cells," said Parag Deotare, ...

Unlocking the secrets of cells with AI

2023-11-28
Machine learning is now helping researchers analyze the makeup of unfamiliar cells, which could lead to more personalized medicine in the treatment of cancer and other serious diseases.   Researchers at the University of Waterloo developed GraphNovo, a new program that provides a more accurate understanding of the peptide sequences in cells. Peptides are chains of amino acids within cells and are building blocks as important and unique as DNA or RNA.  In a healthy person, the immune system can correctly identify the peptides of irregular or foreign cells, such as cancer cells or harmful bacteria, and then target those cells for destruction. For people whose immune system is ...

Vectorial adaptive optics: correcting both polarization and phase

Vectorial adaptive optics: correcting both polarization and phase
2023-11-28
Adaptive optics (AO) is a technique used for real-time correction of phase aberrations by employing feedback to adjust the optical system. Polarization aberrations represent another significant type of distortion that can impact optical systems. Various factors, such as stressed optical elements, Fresnel effects, and polarizing effects in materials or biological tissues, can induce polarization aberrations. These aberrations affect both system resolution and the accuracy of vector information. Vectorial aberrations result from the ...

Contact lenses developed by Khalifa University team respond to UV and temperature changes

Contact lenses developed by Khalifa University team respond to UV and temperature changes
2023-11-28
The global rise in ocular diseases, largely due to insufficient ophthalmic diagnostics and monitoring, has emphasized the need for better treatment methods. Pioneering developments in therapeutic and diagnostic contact lenses are now offering hope in treating these diseases. Cataracts, which cloud the lens of the eye, are a prime example, affecting 94 million people and leading to 10 million surgeries annually. A significant factor in the rise of cataracts and other ocular conditions, such as age-related macular degeneration (AMD) and photokeratitis, is excessive exposure to ultraviolet (UV) light. In response, a team of researchers at Khalifa University has ...

Gaining more control over the fabrication of surface micro/nano structures using ultrafast lasers

Gaining more control over the fabrication of surface micro/nano structures using ultrafast lasers
2023-11-28
Surface functionalization via micro/nano structuring is not only a thriving research area inspired by bionics but also of great importance for various practical applications. The key to achieving various surface functions is the fabrication of surface micro/nano structures with controlled dimensions, hierarchies, and compositions, which is driving the continuous progress of micro/nano fabrication techniques. Researchers from the Laser Materials Processing Research Center at the School of Materials Science and Engineering of Tsinghua University, China, have spent years in developing laser-enabled fabrication ...

Call for papers

2023-11-28
1 Overview A number of open source resources, in the form of curated datasets, web-based databases, stand-alone software, or library packages have been floating in various forms online. These codes are useful in computer science research works, and engineering practices. The application of these resources requires instructions. Traditional scientific publications usually focus on the algorithms, principles, theoretical proofs, benchmarking evaluations and comparisons that is in the background or in the generation process of these resources. The instructions, case studies, application examples and sample codes, which help users and other practitioners to utilize these ...

Compact accelerator technology achieves major energy milestone

Compact accelerator technology achieves major energy milestone
2023-11-28
Particle accelerators hold great potential for semiconductor applications, medical imaging and therapy, and research in materials, energy and medicine. But conventional accelerators require plenty of elbow room — kilometers — making them expensive and limiting their presence to a handful of national labs and universities. Researchers from The University of Texas at Austin, several national laboratories, European universities and the Texas-based company TAU Systems Inc. have demonstrated a compact particle accelerator less than 20 meters long that produces ...

LAST 30 PRESS RELEASES:

Pink skies

Monkeys are world’s best yodellers - new research

Key differences between visual- and memory-led Alzheimer’s discovered

% weight loss targets in obesity management – is this the wrong objective?

An app can change how you see yourself at work

NYC speed cameras take six months to change driver behavior, effects vary by neighborhood, new study reveals

New research shows that propaganda is on the rise in China

Even the richest Americans face shorter lifespans than their European counterparts, study finds

Novel genes linked to rare childhood diarrhea

New computer model reveals how Bronze Age Scandinavians could have crossed the sea

Novel point-of-care technology delivers accurate HIV results in minutes

Researchers reveal key brain differences to explain why Ritalin helps improve focus in some more than others

Study finds nearly five-fold increase in hospitalizations for common cause of stroke

Study reveals how alcohol abuse damages cognition

Medicinal cannabis is linked to long-term benefits in health-related quality of life

Microplastics detected in cat placentas and fetuses during early pregnancy

Ancient amphibians as big as alligators died in mass mortality event in Triassic Wyoming

Scientists uncover the first clear evidence of air sacs in the fossilized bones of alvarezsaurian dinosaurs: the "hollow bones" which help modern day birds to fly

Alcohol makes male flies sexy

TB patients globally often incur "catastrophic costs" of up to $11,329 USD, despite many countries offering free treatment, with predominant drivers of cost being hospitalization and loss of income

Study links teen girls’ screen time to sleep disruptions and depression

Scientists unveil starfish-inspired wearable tech for heart monitoring

Footprints reveal prehistoric Scottish lagoons were stomping grounds for giant Jurassic dinosaurs

AI effectively predicts dementia risk in American Indian/Alaska Native elders

First guideline on newborn screening for cystic fibrosis calls for changes in practice to improve outcomes

Existing international law can help secure peace and security in outer space, study shows

Pinning down the process of West Nile virus transmission

UTA-backed research tackles health challenges across ages

In pancreatic cancer, a race against time

Targeting FGFR2 may prevent or delay some KRAS-mutated pancreatic cancers

[Press-News.org] Proposals for an efficient and effective corporate sustainability due diligence in Europe