Lieferkettengesetz in Practice: The Role of Procurement
The German Corporate Due Diligence Law (Lieferkettensorgfaltspflichtengesetz or “LkSG”) will enter into force in less than 15 months, on 1 January 2023. The law creates new obligations for companies to regularly identify, prevent and mitigate human rights risks associated with their own activities and those of their subsidiaries and suppliers.
Companies are preparing for these new obligations by revising their existing risk management systems, establishing and integrating new human rights due diligence processes and training their employees on human rights.
In this fourth session of the “Ask the Experts” series, experts from EcoVadis and Löning will discuss the role of the procurement function in implementing each step of human rights due diligence in line with the LkSG.
By attending this Q&A session, you will learn about:
- Embedding results from initial human rights risk analyses into corporate sustainability strategy
- Gathering accurate data from your suppliers and assessing it effectively
- Integrating sustainability as a purchasing criterion
- Ensuring that your corporate sustainability strategy is adhered to by your suppliers
- Promoting measures to improve and track suppliers’ sustainability performance
As in previous Ask the Experts sessions, the second half of the event will be dedicated to your questions. During this Q&A session, you will be able to ask our experts questions on the role of the procurement function in the preparation for and the implementation of the German Corporate Due Diligence Law.
If you would like to gain a better understanding of the corporate implications of the law prior to the session, please read Löning’s briefing paper that summarizes the core requirements for companies subject to the law. This paper was published in June 2021 and is also available in German here.
Alice Homuth, Consultant at Löning – Human Rights & Responsible Business
Bettina Grabmayr, Head of Institutional Relations at EcoVadis
Markus Löning, Managing Director at Löning – Human Rights & Responsible Business
Duration: 45 minutes
Click here for the Recording. Password: ask1310