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Prioritisation under Value Chain Due Diligence
European Journal of Risk Regulation ( IF 1.8 ) Pub Date : 2024-03-19 , DOI: 10.1017/err.2024.19
João Teixeira de Freitas

This article analyses the mechanisms of prioritisation and hierarchisation of risk contained under influential soft law frameworks on value chain due diligence. It identifies the main stages of the due diligence process where prioritisation may be required and clarifies the criteria that may be used by corporations for prioritisation decisions. The article contributes to the development of the literature concerning prioritisation mechanisms under value chain due diligence norms, highlighting, from a compliance perspective, how corporations are expected to prioritise both their evaluations to identify and assess adverse impacts as well as their actions to address specific impacts identified and assessed. In doing so, it showcases the challenges present when comparing the significance of adverse impacts pertaining to different policy fields and their implications in a prioritisation context. It then compares the solutions found in these soft law frameworks concerning prioritisation to the ones contained in European laws and legislative proposals on the subject. The analysis reveals the different approaches used by legislators and reflects on their repercussions for prioritisation mechanisms, suggesting the reinforcement and clarification of prioritisation requirements in accordance with international frameworks of reference.

中文翻译:

价值链尽职调查下的优先顺序

本文分析了有影响力的价值链尽职调查软法框架中包含的风险优先级和分级机制。它确定了尽职调查过程中可能需要优先级的主要阶段,并阐明了公司可以用于优先级决策的标准。本文有助于发展有关价值链尽职调查规范下优先级机制的文献,从合规角度强调企业应如何优先考虑识别和评估不利影响的评估以及解决特定影响的行动识别和评估。在此过程中,它展示了在比较不同政策领域的不利影响的重要性及其在优先顺序背景下的影响时所面临的挑战。然后,它将这些有关优先顺序的软法律框架中找到的解决方案与欧洲法律和有关该主题的立法提案中包含的解决方案进行比较。分析揭示了立法者使用的不同方法,并反思了它们对优先排序机制的影响,建议根据国际参考框架加强和澄清优先排序要求。
更新日期:2024-03-19
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