Supply chain due diligence is becoming increasingly important for companies worldwide. New regulations such as the German Supply Chain Due Diligence Act (Lieferkettensorgfaltgesetz) and the EU Corporate Sustainability Due Diligence Directive (CS3D) create new requirements and obligations for companies of all sizes. In this webinar recording with Taylor Wessing, you will learn about the current status of supply chain due diligence regulations, what companies need to know about compliance, and how to implement effective due diligence processes in practice.

Understanding Supply Chain Due Diligence Requirements

Supply chain due diligence has become a central focus for companies seeking to ensure responsible sourcing practices and legal compliance. The German Supply Chain Due Diligence Act and the upcoming EU Corporate Sustainability Due Diligence Directive represent significant regulatory shifts that require companies to take proactive measures in their supply chain management.

Effective due diligence processes require companies to identify, assess, and mitigate potential risks within their supply chains. This includes human rights risks, environmental impacts, and corruption prevention. Companies must establish transparent communication channels with their suppliers and implement monitoring systems to ensure ongoing compliance.

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Key Compliance Obligations

The new regulations impose several key obligations on companies. These include conducting risk assessments, documenting due diligence processes, and establishing grievance mechanisms. Companies must also demonstrate their efforts to remedy identified risks and report on their due diligence activities.

Understanding these requirements and implementing them effectively is essential for companies to avoid legal penalties and protect their reputation. Organizations must develop comprehensive strategies that integrate due diligence into their procurement processes and supply chain management systems.

Supply chain due diligence is no longer just a nice-to-have – it's becoming a legal requirement. In this exclusive webinar with Taylor Wessing, we discuss the current regulatory landscape, key compliance obligations, and practical steps for implementation.