A Major Step Forward for Global Business Ethics Alignment
For most companies, company duty has advanced from a peripheral concern to a core consideration. And at the moment, with the Council’s vote on the European Union (EU) Corporate Sustainability Due Diligence Directive (CSDDD), the EU took a major step towards guaranteeing that companies respect human rights, shield the surroundings, uphold moral requirements, and report on their efforts to take action.
Cisco’s long-standing dedication to company accountability
Upholding the very best moral requirements is not only a regulatory compliance matter, it’s a enterprise crucial.
Cisco welcomes the CSDDD as an important cross-EU instrument to strengthen company consideration to human rights and sustainability.
The CSDDD aligns with Cisco’s longstanding dedication to uphold human rights and conduct due diligence in our provide chain and inner operations in alignment with the United Nations Guiding Principles on Business and Human Rights and the Organisation for Economic Co-operation and Development Due Diligence Guidance for Responsible Business Conduct.
As proof of our dedication by way of actions, Cisco was listed third out of 60 ICT firms on Know the Chain’s benchmark, which assesses firms’ means to handle human rights dangers of their provide chain. Furthermore, in October 2023, Cisco was honored as a frontrunner within the Global Child Forum’s annual benchmark report, acknowledging our concrete actions to embed kids’s rights into our firm follow.
Embedding Corporate Due Diligence Into our Business Operations
As we try to securely join and shield individuals and companies, and help staff in our provide chain, we take a conscious and systematic method. We design and construct options with safety, privateness, sustainability and human rights in thoughts. This method empowers our companions, prospects, and their customers to leverage the potential of related applied sciences to enhance their lives and fulfill their enterprise aims.
Our diligence extends all through our merchandise’ lifecycle, from mineral sourcing to product design, manufacturing, reuse, and end-of-life.
As a founding member of the Responsible Business Alliance (RBA), we interact within the prevention and remediation of hostile human rights impacts in our provide chain. We assess potential impacts on stakeholders, together with weak staff in our provide chain and finish customers of our merchandise and options.
Aligning world company requirements and public coverage
The CSDDD would require firms to conduct human rights and environmental due diligence inside their inner operations and provide chains. This due diligence will allow firms to establish, forestall, mitigate and deal with potential hostile impacts of their operations. The significance of the CSDDD lies in its recognition of the important position companies play in shaping an equitable future, offering a constant regulatory framework for this duty and making a stage taking part in discipline throughout the EU’s 27 markets. With the CSDDD, the EU is ready to function a world commonplace for accountable enterprise conduct.
Businesses have a essential position to play, alongside civil society and governments, in addressing dangers in provide chains, responding to new challenges, and navigating a shifting geopolitical panorama. If adopted subsequent month by the European Parliament, the CSDDD can be a major milestone in our journey in the direction of a extra sustainable and equitable company world, and we stay up for the constructive adjustments it could actually carry to the worldwide group.
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