The EU Taxonomy establishes Minimum Safeguards such as “alignment with the Organisation for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises1, the UN Guiding Principles on Business and Human Rights (UNGP), including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organization on Fundamental Principles and Rights at Work, and the International Bill of Human Rights”.
To help undertakings assess their compliance with these requirements, in October 2022 the European Commission’s Platform on Sustainable Finance published the Final Report on Minimum Safeguards, identifying four topics that companies must address: human rights, corruption, taxation and fair competition. The activities carried out by Jerónimo Martins to ensure compliance with these requirements are described below.
In order to comply with European due diligence recommendations, we have been implementing a set of measures in the Group’s Companies to prevent and mitigate the adverse impacts of our activity on the environment, and in respect of human and labour rights, and governance aspects. This process follows the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights:
1 The OECD Guidelines for Multinational Enterprises on Responsible Business Conduct, first adopted in 1976, have been continually updated to adapt to social challenges and the evolving context of international business.