To create change on a global scale, a level of comparability must be created, to understand where we are and what must be achieved to move towards a global level playing field. While true harmonization of global legislation would be the perfect outcome, national and regional specificities must be taken into consideration. Recognizing the role of established industry initiatives while relying on global standards and certifications as well as strengthening national enforcement of existing legislation would constitute the essential first steps on that journey and paramount to achieving progress in the areas of climate change, decent work, and a nature-positive future.

Companies have to navigate the increasing complexity and global nature of supply chains and support building capacities for sharing reliable information across supply chains. As such, due diligence requirements should support companies’ efforts in the areas of environmental and social impacts. In addition, companies should be encouraged to adopt responsible purchasing practices that strengthen social and environmental protection across the value chain.