Corporate Sustainability across Europe
With the ‘Green Deal’, the EU has launched a set of measures focused on respecting human rights and protecting the environment, with the aim of making sustainable corporate governance the European standard. At the heart of these measures is the creation of transparency by regulating the supply chains and value chains of European companies.
The German Supply Chain Act (LkSG)
Since the beginning of 2023, the LkSG has obliged companies in Germany to implement defined due diligence obligations to protect human rights and the environment along the supply chain. The law initially applies to companies with at least 3,000 employees, and currently affects about 900 companies in Germany. From 2024, the LkSG will also apply to companies with more than 1,000 employees. This corresponds to around 4,800 companies in Germany. The catalogue of obligations under the Supply Chain Act is extensive and requires the collection, processing and preparation of large amounts of data. The osapiens HUB for Due Diligence offers a digital, fast and secure implementation of all due diligence obligations.