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After being in force for a year, the German Supply Chain Due Diligence Act (LkSG) is showing its effects, while the EU has now officially adopted its own supply chain legislation. Here are the key updates:
BAFA's Positive AssessmentIn a press release on December 21, 2023, the Federal Office for Economic Affairs and Export Control (BAFA) provided a positive review of the LkSG's first year in force. According to BAFA:
EU Adopts Corporate Sustainability Due Diligence Directive On May 24, 2024, the EU officially adopted its own supply chain legislation after extensive negotiations. The Key points are:
Both the LkSG and the new EU directive underscore the increasing importance of proactive supply chain due diligence for companies operating in Europe. Staying updated on these rapidly evolving regulations is crucial for maintaning compliance.
Bernd possesses extensive experience in strategic procurement, shaped by his tenure at Eckes-Granini, Symrise and DuPont de Nemours. Currently, he is focused on sustainable sourcing and supply chains, collaborating with the relatico team to develop practical software solutions. Additionally, Bernd runs his own agricultural business and is involved in supply chain projects globally.
