Supply Chain Management

Sustainable supply chains

Assessing risks and opportunities along your own value chain as well as the sustainability services already provided by suppliers requires a strategic approach.

The topic is particularly relevant for companies that are affected by the Supply Chain Due Diligence Act (LkSG), which came into force on 01. January 2023 came into effect. The law currently applies to companies with at least 3,000 employees and their suppliers. From 1. January 2024 Companies with at least 1,000 employees and their suppliers will also be subject to the legal requirements. In addition to the number of employees in the company, the place of business is also decisive. Because the LkSG refers to companies whose head office, main branch, administrative headquarters or their registered office is in Germany or to foreign companies with a branch office in Germany that will employ more than 3,000 people in Germany from 2023 or more than 1,000 from 2024. In the case of groups, the subsidiaries are also taken into account. In addition, it indirectly affects all suppliers of companies.

Bild von Weltkarte, Kork auf rotem Hintergrund
Source: unsplash

Important to note: The legislation on the LkSG is flexible. An evaluation by June 30, 2024 will examine whether the threshold should be lowered further. This means: In the future, companies with fewer than 1,000 employees and their delivery companies could also be affected by the law.

Source: 7stepssolution

Early preparation required

It is advisable to prepare early for the requirements of the LkSG. Companies are required to exercise the following due diligence:

We are at your disposal for the fulfillment and implementation of the legally required measures of the LkSG. In addition, we offer you support with the risk assessment of countries, sectors and individual product groups and are happy to advise you on suitable management approaches.

Contact us

To contact us, you can either fill out the contact form or make a appointment directly: