What Directive (EU) 2024/1760 on corporate sustainability due diligence - Article 26: Pecuniary penalties requires
This article requires Member States to establish rules for effective, proportionate, and dissuasive pecuniary penalties for infringements, with a maximum fine of at least 5% of the company's net worldwide turnover, and mandates the public disclosure of such penalties.
Pillar: Sustainability & ESG · Authority: European Parliament and Council of the European Union · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32024L1760
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- Article 26(1): Member States shall lay down the rules on penalties, including pecuniary penalties, applicable to infringements of national provisions adopted pursuant to this Directive, and shall take all measures necessary to ensure that they are implemented. The penalties provided for shall be effective, proportionate and dissuasive.
- Article 26(2): When determining the pecuniary penalties to be imposed and their amount in a specific case, due regard shall be had to all relevant circumstances of the case, including, where appropriate: (a) the gravity and the duration of the infringement...
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