Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010
November 2010
December 2010
January 2011
February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
26
27
28
29
30
News Every Day |

Europe is hell bent on forcing US companies to go woke and it has a new law to do just that

Europe is hell bent on forcing US companies to go woke and it has a new law to do just that

In May, officials in the European Union finalized a sweeping new law that will radically change business activities around the world and, by extension, the societies they operate in. 

The law, formally titled the Corporate Sustainability Due Diligence Directive (CSDDD), will not only apply to companies that are based in the European Union, but also to businesses headquartered in other countries that provide products and services in the EU. 

Under the law, large businesses will be forced to adopt left-wing environmental and social justice rules. In America, we refer to these as environmental, social, and governance (ESG) metrics, but in Europe, they are commonly called "due diligence." 

EUROPE EXPECTED TO MOVE RIGHT IN EU ELECTIONS AMID VOTER ANGER OVER ILLEGAL IMMIGRATION, CRIME, ECONOMY

The law will not only force businesses to adopt Europe’s ESG rules within their own operations but also throughout much of their supply chains, regardless of where the companies in the supply chain are located. That means countless businesses within the United States will be affected by this law. 

The CSDDD mandates that large businesses reduce and reverse biodiversity loss, limit water and land consumption, prohibit certain kinds of "disinformation," guarantee rights for labor unions, and adopt climate transition plans that phase out fossil fuels, among numerous other requirements. 

Large companies will also be forced under the law to adhere to numerous U.N. resolutions, EU regulations and international agreements. 

Companies covered under the CSDDD include EU-based businesses with more than 1,000 employees and a net worldwide turnover of more than $489 million. (Net turnover is similar to revenue.) 

Non-EU companies, such as those headquartered in the United States, are covered under the mandate if they have a net turnover of $489 million in the European Union. 

Failure to meet the EU requirements could result in massive fines equal to as much as 5% of a company’s net worldwide turnover. Companies who violate the law could also be sued by individuals or activist groups for alleged damages caused by their undesirable practices. 

Many of America’s largest corporations will be forced to comply with the new EU requirements, which will be phased in over several years, beginning in 2027. For example, Amazon, Apple, Google, Ford, Cargill, McDonald’s, and many other U.S. businesses currently have large operations in the European Union that would subject them to the CSDDD’s requirements. 

Most importantly, however, is that the law will force these covered companies to impose the EU’s ESG metrics on many of the upstream and downstream businesses in their "chain of activities," regardless of how big they are or where they are based. 

For example, a farmer in Idaho who sells potatoes to McDonald’s to make French fries will also be required to adhere to various parts of the European Union’s ESG scheme, as will the American warehouse and transportation companies used to store and distribute McDonald’s products and the technology firms hired by McDonald’s to improve its business practices. 

CLICK HERE FOR MORE FOX NEWS OPINION

The same is true for the beef ranchers and chicken farmers who sell meat to McDonald’s, the kitchen supply businesses that provide McDonald’s with its ovens and stoves, and the energy companies that keep McDonald’s lights on. 

The new EU supply chain law is so expansive, nearly every medium and large-sized business in America will likely be impacted by its leftist mandates, directly or indirectly. It’s also important to remember that the rules could be changed by EU officials in the future at any time, opening the door to even more radical requirements. 

Make no mistake about it, the CSDDD is a direct assault on America’s sovereignty. The European Union has no right to transform U.S. businesses and American culture. It has no right to tell Americans which labor rules it must comply with, how much land U.S. farmers and ranchers should use, or what kinds of cars we can drive. And yet, that is exactly what the European Union is doing. 

Unsurprisingly, the Biden administration is doing nothing to stop the CSDDD, and it seems at present that most members of Congress are completely unaware that it exists. That’s disturbing, to say the least, considering the scope of the EU law and the huge negative impacts it will inevitably have on the United States. 

If lawmakers don’t stand up for American businesses and consumers soon, there will be no stopping the European Union’s reckless power grab from going into effect. Time is running out, and we simply cannot afford to lose this fight for freedom and prosperity. 

CLICK HERE TO READ MORE FROM JUSTIN HASKINS

Здоровье

Есть или не есть кровянку, прокомментировал гастроэнтеролог Садыков

Rashan Gary Showed No Concern When Asked About Caleb Williams

Who could England get next in Euro 2024 knockout stage after going through to last-16?

‘I’ll have to talk to my agent’ says Harry Kane as England star offered transfer from Bayern during press conference

Meet Slovenia’s gorgeous Wags, from a mummy blogger and influencer to a professional tennis star

Ria.city






Read also

11 confirmed dead after Israeli air strikes target aid in Gaza, medics say

Australia wants Assange home – PM

‘So tacky’ people slam couple for strict baby shower rules including no gift no entry & even bringing their own plates 

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

Rashan Gary Showed No Concern When Asked About Caleb Williams

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

Rashan Gary Showed No Concern When Asked About Caleb Williams



Sports today


Новости тенниса
Анна Калинская

"Стараюсь играть не хуже него": Калинская о своих отношениях с Синнером



Спорт в России и мире
Москва

СберСтрахование жизни выступила партнёром международной олимпиады по страхованию



All sports news today





Sports in Russia today

Москва

Легенда вне времени Жанна Агузарова и легенда поп-музыки Жанна Фриске:самое интересное с Премии МУЗ-ТВ 2024


Новости России

Game News

Гайд и тактика по подземелью «Лагерь Карлиан» в Tarisland


Russian.city


Москва

Севар Керимова выступила на одном из мастер-классов в рамках Российского Интернет Форума.


Губернаторы России
Армения

Армения "положила" на дружбу РФ. Армяне в России заявляют, что "ОНИ" будут решать судьбу Краснодарского края и Черноморского побережья


Эксперт Ганьшин: вместе с температурой в Москве растет и количество осадков

Клининговая компания КлинОн запустила Telegram-канал

Филиал № 4 ОСФР по Москве и Московской области информирует: Более 12 тысяч жителей Москвы и Московской области получают повышенную пенсию за работу в сельском хозяйстве

Синоптик Вильфанд пообещал москвичам жаркие выходные 29-30 июня


Выездной Фотограф для всех желающих, ну и конечно Артистов и Музыкантов.

В разрезе добыли аресты // Ликвидатору шахт и подрядчику инкриминируют мошенничество с бюджетными деньгами

Суды, банкротство и витилиго. Как умирал Майкл Джексон

Шоу фонтанов и певица Ёлка: в Магнитогорске встретят День металлурга


Калинская уступила Пегуле в финале турнира в Берлине

Теннисистка Калинская впервые вошла в топ-20 рейтинга WTA

Маринов, Мартьянова, Шлейхер: кто еще из звезд Игр БРИКС мог поехать на Олимпиаду в Париж

Юлия Путинцева выиграла турнир в Бирмингеме



Организованных тургруп из Новосибирска в Крыму нет

Главный врач клиники "Мегастом", стоматолог Владимир Лосев: в каком возрасте оптимально устанавливать брекеты

Совладельцы инвестгруппы "Русские фонды" отправлены под домашний арест

Вебкам-студия MONTANA в Санкт-Петербурге


Матвиенко призвала навести порядок в сфере ТКО и проанализировать мусорную реформу

Дубль Никифоренко помог БАТЭ победить брестское «Динамо» в чемпионате Беларуси

Петербург стал лидером среди регионов по числу заражений ковидом в прошлом году

Выездной Фотограф для всех желающих, ну и конечно Артистов и Музыкантов.


Капитальный ремонт фасада дома на Светлой улице завершили в Воскресенске

Суд в Балашихе начал рассмотрение дела о крупнейших в истории России взятках

В Подмосковье стартует бизнес-акселератор «Экспортеры 2.0»

В Волоколамске благоустраивают два сквера и территорию у водохранилища



Путин в России и мире






Персональные новости Russian.city
Певец

Певцу Егору Криду исполнилось 30 лет



News Every Day

Frustrated England stars including Kane and Bellingham consoled by Wags and family in stands after tame Denmark draw




Friends of Today24

Музыкальные новости

Персональные новости