Adjustments to Batteries Regulation guidelines would threaten accountable and resilient provide chains and weaken European firms’ aggressive benefit.
A coalition of over 30 world civil society organisations, labour organisations, traders and companies have known as on the European Parliament to forestall any additional weakening of the due diligence necessities of the EU Batteries Regulation.
Because the world continues to shift to renewable power programs and electrical automobiles, each of that are key to reaching local weather neutrality by 2050, guaranteeing sustainable and accountable battery provide chains is significant. The EU Batteries Regulation due diligence guidelines, if carried out accurately, can be key to reaching that.
Nevertheless, we’re involved by a rising push to additional weaken the due diligence guidelines. In a letter to the European Parliament’s atmosphere committee, the group calls on MEPs to uphold the due diligence provisions — by not going past the European Fee’s proposal and avoiding any amendments that may additional weaken the necessities.
Weakening the principles now will go away companies that are already getting ready at an financial drawback. T&E’s evaluation of carmakers’ implementation of the EU Batteries Regulation due diligence guidelines thus far exhibits that vast progress has been made on provide chain transparency. On prime of this, European automakers are far more superior of their preparedness in comparison with Chinese language OEMs, with European firms main throughout quite a few due diligence necessities. Due to this fact, makes an attempt to weaken the principles won’t solely danger securing sustainable provide chains crucial for the online zero transition, however they can even danger jeopardising the essential alternative to provide a aggressive benefit to a strategic European business.
To search out out extra, obtain the letter.
Article from T&E.
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