Tag: sustainability

SCM Insights
May 17, 2022

Supply Chain Act: the first three steps to better assurance

Matching themes: due diligence, ESG, Risk Management, supplier risks, sustainability

The German Supply Chain Act places high demands on the transparency and sustainability of supply chains. A pragmatic three-step plan aids with implementation and risk management
The German Supply Chain Act places high demands on the transparency and sustainability of supply chains. A pragmatic three-step plan aids with implementation and risk management

The Supply Chain Due Diligence Act, commonly referred to as the Supply Chain Act for short, puts companies under pressure to act: from January 1, 2023, all companies in Germany with more than 3,000 employees will be co-responsible for ensuring that human rights are respected in their supply chain. Worldwide, 100 million people are affected by modern slavery, almost 80 percent of whom are children. The law aims to give these people a better future and contains a catalog of eleven internationally recognized human rights conventions. Read more

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