Supply chain due diligence

Supply Chain Due Diligence Act: Human Rights Compliance

Supply Chain The Due Diligence Act (LkSG) is new in 2023. year 1 1 day. For the first time, it regulates corporate responsibility for human rights compliance in the supply chain.

due diligence obligation include:

• Establishment of a risk management system to identify, prevent, or minimize the risk of human rights violations and environmental destruction.
• obligation to comply with preventive and corrective measures established by law.
• grievance procedure and periodic reporting.

due diligence obligations apply as follows:

• The company's own business operations.
• Contractual Partner behavior.
• actions of other (indirect) suppliers.

law initially applies to the following companies:

• 2023 employees.
• 2024 1000 from > employees.

supply chain law requires internationally recognized 11 includes:

• Prohibition of child labor, slave labor, and forced labor.
• Ignoring occupational health and safety.
• withholding of appropriate wages.
• ignores the right to form a trade union or to form an employee representative.
• denied access to food and water.
• Unlawful deprivation of land and livelihoods.

companies may be fined if they fail to comply with their legal obligations. These can be up to 8 million euros or up to 2 percent. The revenue-based fines framework only applies to companies with an annual turnover of €400 million.

Federal Office for Economic and Export Administration (BAFA) ) is a 2023 1 1 , we have implemented supply chain laws at our new local office in Borna. BAFA has extensive control, including:

• office.
• information and examine the document.
• Requests that companies fulfill their obligations and take concrete actions to implement this by imposing the payment of fines.

companies in meeting their due diligence obligations. > develops and publishes handouts. BAFA makes handouts available in its own supply chain laws website.

ComplyMarket can help:

• Establishment of a risk management system and implementation of risk analysis
• Corporate Human Rights Strategy
• precautions
• complaint procedure
• due diligence requirements
• ComplyDoC: Intelligent IT and the first open-source code cloud solution for supply chain sustainability, chemical and product compliance management, Collect information from suppliers.