 |
answer text |
<p>The Government’s approach to due diligence is one of both encouraging and supporting
a business-led approach. This, in turn, promotes standards as set out in international
frameworks, such as the OECD Guidelines on Multinational Enterprises and the UN Guiding
Principles on Business and Human Rights. Additionally, and in order to tackle illegal
deforestation in UK supply chains, the Environment Act has introduced world-leading
due diligence legislation.</p><p>The Department will soon be launching a review of
non-financial information through a call for evidence. The review is part of the Government’s
wider effort to improve business regulation to reduce burdens and drive economic growth
now that the UK has left the European Union. With that in mind the Government currently
has no plans to legally mandate companies to conduct further due diligence assessments
before considering existing reporting requirements. We will however continue to keep
these issues under review.</p>
|
 |
