The European Parliament has approved a new "duty of care" directive, requiring companies to prevent human rights and environmental abuses in their operations. Companies must draw up and publish due diligence plans to prevent risks, and member states must provide detailed information on due diligence obligations and designate supervisory authorities to investigate and sanction companies for non-compliance. This measure follows on from scandals such as Rana Plaza in Bangladesh, and aims to improve working conditions among the subcontractors of major European companies.

Normative and regulatory monitoring is crucial for companies, enabling them to keep abreast of changes in national, European and international regulations. Failure to keep up with these changes can lead to costly and dangerous difficulties.

The EU is adopting a carbon tax mechanism at its borders to reduce CO2 emissions and encourage third countries to increase their climate ambitions. Products targeted include cement, steel, aluminum, etc. The tax will be modulated according to the climate policies of the countries of origin. The transition period will run from 2023 to 2026.

Rio Tinto QMM Madagascar Minerals and Crossboundary Energy are building a solar and wind power plant in Fort Dauphin, Madagascar. This project strengthens the country's position in renewable energies and promotes an innovative public-private partnership.

Electricity prices in Europe are on the rise, fuelling concerns about the European electricity market.

Over the past two years, energy prices have risen significantly, affecting all energy sources.

Nuclear power generation is back in the spotlight in Europe, particularly in France. Mox fuel specialist Orano Melox plans to invest 84 million euros between now and 2025 to increase production. The aim is to go from less than 60 tonnes at present to 100 or even 120 tonnes a year by 2025.

Cities, on the front line of climate risk, need careful management and sustainable solutions to meet the challenges. Climate disasters are costly, but action is being taken to reduce greenhouse gas emissions and promote sustainable development.

Find out how BASF plans to reduce its carbon emissions by switching from fossil fuels to renewable energy.