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Cardinal Jean- Claude Hollerich: 'When their interests are at risk, multinational companies have a secret weapon they can use: the Investor-State Dispute Settlement mechanism' (Photo: Archdiocese of Luxembourg)

Cardinals speak out: EU needs corporate due diligence

In the recent years, scandals involving multinational companies have proliferated, putting into question the morality of our economic system.

Private interests have been systematically prioritised to the detriment of our global human family and our common home.

Citizens all over the world have witnessed the scandalous revelations of the Panama Papers around tax evasion, have seen the

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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Cardinal Jean- Claude Hollerich is the archbishop of Luxembourg. Cardinal Charles Maung Bo is the archbishop of Yangon, Myanmar. This open statement also has the backing of more than more than 110 bishops.

Cardinal Jean- Claude Hollerich: 'When their interests are at risk, multinational companies have a secret weapon they can use: the Investor-State Dispute Settlement mechanism' (Photo: Archdiocese of Luxembourg)

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Author Bio

Cardinal Jean- Claude Hollerich is the archbishop of Luxembourg. Cardinal Charles Maung Bo is the archbishop of Yangon, Myanmar. This open statement also has the backing of more than more than 110 bishops.

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