EU eases supply chain law, targeting only largest corporations
The EU has scaled back its proposed supply chain law, narrowing its scope to only the largest companies. Under the revised rules, firms with over 5,000 employees and annual revenues of at least €1.5 billion will face stricter regulations. Swiss businesses operating in the EU market will also be affected if they meet the revenue threshold.
Originally, the law was meant to apply to companies with 1,000 or more employees and revenues exceeding €450 million. The EU’s decision to relax these requirements has drawn mixed reactions. Economiesuisse, Switzerland’s leading business federation, welcomed the change, calling it a more balanced approach to accountability and implementation.
The EU’s adjusted supply chain law reduces the number of companies affected but maintains strict oversight for the largest corporations. Swiss businesses meeting the revenue threshold must now prepare for compliance. Meanwhile, the debate in Switzerland continues as the Federal Council develops its response to the Coalition for Corporate Justice’s initiative.
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