Key dates:
Proposed in 2022
Applies to:
Any Dutch or other EU entity that engages in activities outside the Netherlands; or is a non-EU entity engaged in activities or marketing products in the Netherlands; and it is a large entity under the EU Accounting Directive – please launch the tool and log in for further details.
What it says:
Entities with known activities that have adverse human rights or environmental impact would be required to take all reasonable measures to prevent the impacts or mitigate or reverse them to the extent possible and, where necessary, enable remediation.
Penalty:
Those found not in compliance could face civil action or fines of up to 10% of an entity's net turnover.