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Global Witness celebrates significant agreement and shift in mind-set from the EU on investor due diligence

Thursday 7th March 2019 – The European Parliament and Council have today reached a political agreement on a new set of rules requiring European investors such as banks, pension funds and insurers, to carry out due diligence. This means investors will need to disclose the steps they have taken to address the adverse impact of their investment decisions on people and planet. The agreement, which was reached in the early hours of this morning, also fundamentally redefines the risks that investors must consider when decision making – moving away from pure financial risk to their profits, and towards risks […]

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