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 referred to 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 methods and electrical autos, each of that are key to attaining local weather neutrality by 2050, guaranteeing sustainable and accountable battery provide chains is significant. The EU Batteries Regulation due diligence guidelines, if applied accurately, can be key to attaining that.
Nevertheless, we’re involved by a rising push to additional weaken the due diligence guidelines. In a letter to the European Parliament’s setting 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 foundations now will depart companies that are already making ready at an financial drawback. T&E’s evaluation of carmakers’ implementation of the EU Batteries Regulation due diligence guidelines up to now reveals that massive progress has been made on provide chain transparency. On prime of this, European automakers are way 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 foundations won’t solely threat securing sustainable provide chains essential for the online zero transition, however they can even threat jeopardising the essential alternative to provide a aggressive benefit to a strategic European business.
To seek out out extra, obtain the letter.
Article from T&E.
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