The EU economy is linked to millions of workers worldwide through global supply chains. This imposes both a responsibility and an opportunity for EU companies to positively impact workers’ rights and environmental standards. In early 2023, Germany took a step towards responsible supply chains with the new Act on Supply Chain Due Diligence (Lieferkettensorgfaltspflichtengesetz “), as covered in our earlier post. Tomorrow, (Friday, 9 February 2024) the EU Member States will vote in the COREPER…
Why it is important for companies to actively prepare the implementation of the German Supply Chain Due Diligence Act. Global supply chains are increasingly under pressure: Not only did recent geopolitical events, the Covid pandemic and natural disasters disrupt supply chains globally. There are also more and more legislative requirements for supply chain management. We can see a trend in the legislative approach shifting from voluntary measures and self-commitments to mandatory regulations. After the introduction…