Your comprehensive guide to the German Supply Chain Act (LkSG)
Navigate the German Supply Chain Due Diligence Act (LkSG) with confidence. Our guide offers a practical overview for procurement and sustainability professionals to understand and implement the law’s requirements effectively.
The LkSG came into effect on 1 January 2023. It requires companies to establish robust due diligence processes for human rights and environmental risks in their supply chains. Non-compliance can lead to significant penalties, including fines of up to 2% of annual global turnover.
What’s inside the guide?
- Scope and applicability: Understand which companies are affected by the law. From 2024, it includes companies with over 1,000 employees in Germany.
- Seven key requirements: Learn about your obligations, from risk management systems and policy statements to preventive and remedial actions.
- Practical implementation steps: We provide ten steps for effective implementation. This includes mapping your supply chain and developing a supplier code of conduct.
- Enforcement and penalties: Discover how the Federal Office for Economic Affairs and Export Control (BAFA) enforces the law. Understand the potential penalties for non-compliance.
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Achieve scalable and proactive compliance
Compliance with the LkSG is an opportunity to strengthen your supply chain. It helps you build more resilient, ethical, and sustainable operations. This creates long-term value for your business and its stakeholders.
Sedex provides the platform, tools, and services to manage and improve your environmental, social, and governance (ESG) performance. Our solutions offer comprehensive visibility into supply chain risks, helping you meet your sustainability goals.
Download your free guide today
Gain the strategic insights needed for board-ready compliance. Fill out the form to get your comprehensive guide to the LkSG and start building a more responsible supply chain.
