ABSTRACT
This paper deals mainly with recent French and European developments regarding integration of CSR requirements into company law. The new provisions of French company law appear currently to be unique internationally. Indeed, for a number of years, France has purposefully positioned itself as a leading country in codifying CSR obligations, with the prospect that others might learn and take inspiration from the French experience.
France has adopted two company-law reforms, to decrease adverse external impacts of activities of covered French companies. The first, introduced in 2017, imposes an extensive so-called ‘duty of vigilance’ on large French corporations. This consists of a legally binding obligation to implement a proactive plan to prevent serious adverse impact resulting from company, subsidiary, supplier and subcontractor activities throughout the world, to 1) human rights and fundamental freedoms, 2) human health and safety, and 3) the environment …
Pietrancosta, Alain, Codification in Company Law of General CSR Requirements: Pioneering Recent French Reforms and EU Perspectives (April 13, 2022). European Corporate Governance Institute – Law Working Paper No 639/2022.
First posted 2022-04-21 12:00:14
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