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.