This is known:
Human rights and environmental protection are increasingly enshrined in law, introducing extensive obligations for companies. The German legislator recently pushed the draft of the German "Supply Chain Act" through the federal cabinet. Under the future “Supply Chain Act”, companies will be obliged to ensure the protection of human rights and the environment form January 1, 2021 - not only in their own business operations, but along the entire global supply chain.
To this end, companies must immediately establish a suitable risk management system, implement prevention measures and actively act against violations of these protected legal positions in order to be able to launch products in compliance with the law on or after January 1, 2023. Considering the extent of these "due diligence obligations", companies need to act now.
The draft of the German "Supply Chain Act" is not an isolated project of the German government, but fits seamlessly into the EU policy of the "European Green Deal": The European Commission is currently drafting a Directive on so-called "sustainable corporate governance". With this first draft of a legislation on supply chain diligence, the German government intends to set a standard throughout the European Union.
These aspects should be discussed:
- What are the obligations for companies
- What are the sanctions
- How to avoid risks
- What to do now
We invite you to join our discussion in this virtual event.
Please contact firstname.lastname@example.org if you have any questions or would like to register.