Supply Chain Sourcing Obligations Act

The Lieferkettsorgfaltspflichtengesetz (LkSG) is a law that applies to companies operating within the supply chain in Germany and comes into force on 01.01.2023.

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Definition:

Definition:

Supply Chain Sourcing Obligations Act

The Lieferkettsorgfaltspflichtengesetz (LkSG) is a law that applies to companies operating within the supply chain in Germany and comes into force on 01.01.2023. It sets out the responsibilities of companies within the supply chain and provides guidance on how companies should act in relation to sustainability,consumer protection, product safety, security and human rights. It also sets out the requirements for certification and reporting.

The Act will come into force on Jan. 1, 2023, and will initially apply to companies with at least 3,000 employees and, from 2024, to companies with at least 1,000 employees in Germany.

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Fields of action

Material fields of action are areas in which a company, an organization or an individual must take certain activities and measures in order to achieve specific sustainability goals. These fields of action can relate to different areas, such as environment, social affairs, economy, ethics, legislation, education and innovation. In each field of action, relevant processes, responsibilities and resources must be defined in order to achieve goals effectively and efficiently.

Carbon Disclosure Project (CDP)

CDP (known as the Carbon Disclosure Project until the end of 2012) is a non-profit organization whose goal is to study the impact of climate change on the world's major publicly traded companies and vice versa.

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Supply Chain Sourcing Obligations Act

Definition:

Supply Chain Sourcing Obligations Act

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Fields of action

Carbon Disclosure Project (CDP)

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