The global financial crisis in 2008 that inflicted the debt crisis in the Euro Area caused serious economic recession in the EU. The EU recognized that corporate governance failure would seriously hinder functioning of the European Single Market. Hence, a fundamental reform was immediate and inevitable. First of all, common standards within company laws among member states have been established through harmonizing provisions and reforming rules of corporate governance. Meanwhile the Goals of the UN Sustainable Development have been transformed and globally become a new initiative against climate change. The EU has gradually adopted the UN Sustainable Development Goals and developed the sustainable CSR as the EU strategy. The EU has encouraged enterprises and all stakeholders to enhance awareness of CSR by various actions. The EU has introduced the CSR concept into relevant company rules. The CSR is increasingly important within the close-connected global supply chain. The European Commission is responsible for carrying out the EU CSR strategy. The European Commission has undertaken a series of reviewing rules of corporate governance. Therefore, the European Commission called for committing CSR in the international community. The European Commission announced the European Green Deal in December 2019 as the current political program. There are enacted concrete regulations to fulfill the European Green Deal. The sustainable finance as an important instrument plays a key role for contributing to sustainable development at the EU level. The EU has contributed to implementing CSR and played a leading role in the global era. CSR has become an important issue in the global supply chain. The European Parliament made a resolution in March 2021 and called the European Commission for making proposal of sustainable supply chain law. The European Commission has announced the Sustainable Finance Package with concrete measures, such as EU Taxonomy Climate Delegated Act, Proposal for a Corporate Sustainability Reporting Directive, Amending Delegated Acts on Sustainability Preferences, Fiduciary Duties and Product Governance. The EU has begun to regulate Supply Chain Act as mandatory provisions for undertakings engaged in the global supply chain. Germany as the most important member state has enacted its Supply Chain Act on June 11, 2021. The European supply chain extends beyond the territory of the EU. Accordingly, the new trend of sustainable supply chain has a potential impact on the enterprises in Taiwan.
