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Designing EU Supply Chain Regulation
Intereconomics, 2024, 59, (1), S.28-34
Studie von: Österreichisches Institut für Wirtschaftsforschung – Supply Chain Intelligence Institute Austria
The EU Directive on Corporate Sustainable Due Diligence has sparked fierce debate about the regulation of supply chains. The
directive’s objectives are aligned with European values. However, it raises concerns that the compliance costs of social and
environmental regulations may be privatised in complex supply networks, particularly in third countries with weak enforcement
mechanisms. This paper suggests options to make the directive more effective and efficient. It suggests excluding countries
with sufficient regulatory systems and focusing only on supplier-buyer relationships instead of the entire network. Public
agencies should set harmonised regulatory standards, interpret the regulations and organise a private certification scheme
in which certification companies assume liabilities. The proposed system resembles the market for financial auditors.
Forschungsbereich:Industrie-, Innovations- und internationale Ökonomie
Sprache:Englisch