Supply chain due diligence

for due diligence law: the responsibility of companies to comply with human rights

for due diligence method (LkSG) in 2023 1 month1. For the first time sets out the company's responsibility to comply with human rights in the supply chain.

exhaust<span style="font-family: 'Microsoft JhengHei',sans-serif; mso-bidi-font-family: 'Microsoft JhengHei'; "The core elements of the duty > investigation obligations include:

• 建立 risk management systems to identify, prevent or minimize risks of human rights violations and environmental damage."
• comply with the lawObligations to provide for preventive and remedial measures.
• cast Litigation procedures and periodic reports.

exhaust<span style="font-family: 'Microsoft JhengHei',sans-serif; mso-bidi-font-family: 'Microsoft JhengHei'; "> duty investigation applies to :

• a company's own Running a business.
• the line of the contractual partnerFor.
• other( indirect） the behavior of the supplier.

the law initially applied to the following companies：

• 20233000 name employee.
• 2024 1000 from > nameEmployee.

《供 Chain Act contains an exhaustive catalogue of > internationally recognized human rights conventions< span style="font-family: 'Microsoft JhengHei',sans-serif; mso-bidi-font-family: 'Microsoft JhengHei';"

• prohibits child labor, slavery and compulsion labor.
• no Occupational health and safety.
• withhold appropriate Capital.
• no depending on the right to form trade unions or employee representatives.
• rejectionNo access to food and water.
• illegally strip Seize land and livelihoods.

if the company does not comply with its laws obligation， is punishable by a fine. These amounts can reach 800 million euros, or up to a global year sales 。 The penalty framework based on turnover only applies to annual sales of more than 4 billion euro company.

Federal Service for Economic and Export Control (BAFA) as of 20231 May 1 in <span style="font-family: 'Malgun Gothic',sans-serif; mso-bidi-font-family: 'Malgun Gothic';">er implement the Supply Chain Law in the new field offices. BAFA has depth far control, e.g

• enter the place of business.
• requests information and Check the files.
• requires the company to take specific actions fulfil their obligations and enforce them through the imposition of fines.

BAFA in order to support the company in fulfilling its due diligence obligations developed and Publish handouts. BAFA based on his own "For website

ComplyMarket can help you:

• buildrisk management system and risk analysis
• tongPassed the company's human rights strategy policy statement
• formulated Precautionary measures
• take immediate corrective action against any violations of the law that are discovered
• a grievance procedure
• documents and reporting requirements that meet due diligence requirements
• ComplyDoC：is a smart IT door, is also the first-ever open-source generationCode Cloud Solution Eucalyptus, for supply sustainability, chemical and product compliance management of the chain, to collect offers information about the quotient.