The German Supply Chain Due Diligence Act: A practical guide

by: Admin
May 13, 2024

The German Supply Chain Due Diligence Act: A practical guide

 

With the German Supply Chain Due Diligence Act at the latest, there is movement on the issue of social and environmental sustainability in supply chains. Companies need to address the requirements proactively: Implementation of risk management, Reporting requirements from the German Supply Chain Due Diligence act must be quickly followed by deeply embedding sustainability in supply chain processes and support through technology and automation.

  • What companies' due diligence obligations are required by law? 
  • Establishing a risk management system & conducting a risk analysis
  • Adoption of a policy statement of the company's own human rights strategy
  • Anchoring preventive measures in the company's own business operations and vis-à-vis direct suppliers
  • Taking corrective action in the event of identified rights violations
  • Establishment of a complaints procedure for recording violations of the law
  • Duty of documentation & proof for the fulfillment of due diligence obligations
What organizational, process and data due actions are recommended?
First, responsible teams need to update the code of business conduct and nominate a Due Diligence offer, as well as a committee to track progress and make decisions. 

 

The second procurement and supply chain team needs to analyze the supplier risk and categorize it into segments. In addition, the IT team needs to review how to integrate and automate the supplier communication, data gathering and reporting.

Would you like a personal consultation that takes into account your company's individual requirements? Are you looking for a Impact Maker team who can tell you exactly what you need to consider when fulfilling your due diligence obligations? If so, post a job on Impact Maker, we would be happy to assist you on the Supply Chain Due Diligence Act.

 Join the IMPACT MAKER MOVEMENT


Post your comments

Recent posts
Blog contribution

Write for us

We Are Constantly Looking For Writers And Contributors To Help Us Create Great Content For Our Blog Visitors.

Contribute with us