Accelerate compliance with the German Supply Chain Due Diligence Act

Applicable companies must perform regular risk assessments, establish preventative measures to mitigate potential risks, create complaint procedures, and take immediate remedial action if violations were found. They must appoint a risk management administrator and adopt a corporate human rights strategy. Companies must also document their progress and make annual reports to the Federal Office for Economic Affairs and Export Control (BAFA). 

To learn more, read Germany Passes New Corporate Due Diligence Act. 

We help streamline your risk management system by operationalizing the statutory requirements. You can centralize your vendor inventory, automate risk analyses and due diligence checks on your suppliers, and manage and publish policy statements. Automated recordkeeping documents each step of your compliance journey while our regulatory database keeps you updated with the law’s amendments and rule changes.