However,
Zurich study: no, ethical regulations:
The laws on ethical standards for businesses do not harm the profits or turnover. For example, This is what two researchers from the universities of Zurich (UZH). Consequently, Glasgow (GB) have shown by analyzing the impact of the French law on the duty of vigilance in March 2017 on 11,000 companies.
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This is the only law of this type that has been in force for a long time for its long -term effects to be analyzed. according to a press release from the University of Zurich (UZH) published on Tuesday.
The law obliges large companies to set up a reasonable diligence plan. to control global supply chains regarding risks such as children’s work, forced labor, insufficient labor security or environmental violations, and to take the corresponding measures.
No long -term effect – Zurich study: no, ethical regulations
“The companies concerned by law have on average achieved benefits as often as those which must not have introduced any duty of entrepreneurial diligence. ” says Christoph Steinert, of the UZH Political Science Institute, quoted in the press release.
Admittedly. higher zurich study: no, ethical regulations costs have sometimes been generated in the phase preceding the entry into force of the law, because companies had to adapt their processes. But in the longer term. there is no evidence of economic disadvantages, according to this work published in the specialized journal “Review of International Political Economy”.
European countries like Germany have also legislated to such a duty of business diligence in supply chains. The EU adopted a directive on this subject in 2024.
In Switzerland. an order on the duty of diligence and transparency concerning minerals and metals from conflict zones as well as child labor has been in force since 2022.
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Further reading: Switzerland is sentenced in the Semenya case – Switzerland – Spain: one -sided precedents – Training leaders is the key to the future – Three times money and once bronze for Switzerland – Tax exile: Another former Pictet partner would have chosen Italy.
