BERN – Swiss voters have rejected a proposal that would have held companies accountable for human rights or environmental violations within their global supply chains.
Despite the Responsible Business Initiative (RBI) garnering 50.7 per cent of votes nationwide, the proposal failed to win a majority of Swiss cantons, becoming the first referendum in more than 50 years to fail on regional grounds.
The new law sought to allow victims of alleged human rights violations or environmental damages the chance to sue Swiss-headquartered companies.
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