![]() LkSG and other supply chain due diligence acts aim to bolster environmental protections, prevent human rights violations, and ultimately create more transparent supply chains. ![]() ![]() This includes requiring companies to report on the ability of their risk management system to address violations in their supply chain to the German government no later than April 2024. It comes with a series of requirements that will regulate companies’ social and environmental responsibility. Lieferkettensorgfaltspflichtengesetz, or LkSG, is an act passed in Germany in June 2021, providing a blueprint for the rest of the EU. Many laws and initiatives based on the United Nations (UN) Guiding Principles on Business and Human Rights have emerged, following the three pillars of the UN’s human rights framework: protect, respect, and remedy. Amid the most challenging supply chain disruptions in recent history, events of the past few years have prompted reform designed to fortify procurement processes with social responsibility in mind.
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