29 Jan 2020 Mandatory due diligence laws are generally more prescriptive — there is a liability aspect that makes the due diligence law landscape even more
Directorate General for Justice and Consumers. Study on due diligence requirements through the supply chain. Final Report 22 Dec 2020 The sad fact of forced labor in global supply chains cannot be denied. There are many indicators that forced labor is taking place, including Our supply chain due diligence & congruent commitment, policies & practices, are consistent with. OECD Due Diligence Guidance on conflict minerals, the LBMA Human Rights Due Diligence and Sustainable Supply Chains. July 29th, 2020. The European Union is expected to shortly roll out new legal obligations which 13 Jan 2021 In Europe, several European Union Member States have already implemented due diligence legislation requiring companies to avoid problems 20 Apr 2021 Daimler welcomes the German government's initiative on a law on corporate due diligence obligations in supply chains - but there are also 23 Mar 2021 The Dutch parliament is mulling a mandatory due diligence bill that would hold companies accountable for abuses in their supply chains.
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Apart from supply chain due diligence requirements, the proposal would impose on e-vehicle and rechargeable industrial batteries obligations on carbon footprint, recycled content, chemical restrictions, performance, durability, waste collection, treatment and recycling, material recovery, conformity assessment, CE marking, and disclosures to third parties, among many others. 2020-10-15 · No matter the jurisdiction your business operates in, IntegrityRisk can support your supply chain due diligence needs as processes evolve. From ethical audits to maintaining your FCPA compliance program, get in touch to conquer all your risk challenges wherever your supply chain takes you. Due diligence in minerals and metals supply chains . Companies producing or sourcing metals and minerals increasingly face demands from customers, investors and regulators to conduct due diligence on their supply chains. The OECD has established a five-step framework for due diligence in minerals supply chains. You may have heard about the importance of good supply chain management (SCM), especially for a multi-national firm.
In the oil and gas industry , fraud, bribery and other financial crimes hit the headlines regularly. Stories about poor practices in the supply chain, for example relating to human rights and the environment, are also rife.
Members in the gold, silver, PGM, diamonds and coloured gemstones supply chain shall exercise due diligence over their supply chains in accordance with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (the ‘OECD Guidance’) or other auditable due diligence frameworks recognised by the RJC to be aligned with the OECD Guidance (‘RJC-recognised due diligence frameworks’), in ways appropriate to their size and circumstances.
Sustainable Corporate Governance Reforms & Supply Chain Due Diligence: The European Commission’s Green Deal Meets Human Rights Legislation January 14, 2021, Covington Alert This year will see the European Commission put forward legislative proposals on mandatory human rights and environmental supply chain due diligence as well as on sustainable corporate governance (“SCG”). TOWARDS MANDATORY DUE DILIGENCE IN GLOBAL SUPPLY CHAINS 5|16 The Covid-19 pandemic has once again exposed the fragility of global supply chains and the enormous risks to human and labour rights in a highly interconnected global economy that is not governed by the rule of law. With the global drop in demand as a result of the Due diligence and its challenges for responsible business conduct in supply chains Consumers and other stakeholders are increasingly demanding access to more accurate information on the origin and journey of goods, as well as the conditions throughout the supply chain ( [Whit18] ).
A supply chain consists of manufacturers, retailers and others involved in filling a customer order. The elements of a supply chain will vary with business and product type. For example, the supply chain for a restaurant will not be the sam
Start with the link below . It takes you to the due diligence for supply chains . SUMMARY . The growth of international supply chains has undoubtedly brought enormous benefits to developing countries, but at the same time it has had certain negative impacts, relating for instance to violations of human and labour rights, including forced labour and child labour, environmental 2020-02-20 The five-step, risk-based due diligence process is relevant to all companies in the mineral supply chain that produce or use minerals from conflict-affected or high-risk areas. It applies to all minerals and is global in scope. 1 Establish strong management systems 2021-04-23 A wave of enforcement actions from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) over the past two years has likely pushed the release of a new sanctions compliance framework—the first ever by the office—and highlights the critical importance of supply chain due diligence to mitigate sanctions risk. 2021-04-10 Supply chains have been in focus in recent months, not only because of the huge disruptions caused by COVID-19.
7.1. Members in the gold, silver, PGM, diamonds and coloured gemstones supply chain shall exercise due diligence over their supply chains in accordance with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (the ‘OECD Guidance’) or other auditable due diligence frameworks recognised by the RJC to be aligned with the OECD
It was developed by a group of governments, companies and NGOs, and is considered the international benchmark for supply chain due diligence. The Guidance recommends that companies: Have a clear conflict minerals policy; Carry out supply chain risk assessments based on on-the-ground checks; Take action to deal with any problems identified
What is Supply Chain Due Diligence? At its basic level, supply chain or third-party due diligence describes the efforts taken to investigate a potential business partner. Third parties in a modern supply chain are diverse. They can include anything from suppliers, distributors, agents, advisors and consultants, and even customers. You need to know about performing due diligence checks on your labour supply chains.
2021-04-10 · The EC initially presented a study on options for regulating due diligence requirements through the supply chain in February 2020, which highlighted that voluntary regimes across Europe had failed to change the way businesses managed their corporate governance responsibilities.
Making robust human rights due diligence part of standard business practice is key to advancing corporate respect for human rights and to achieving the Sustainable Development Goals (SDGs).
Child labour still occurs, including in the global supply chains of Dutch companies. For example, one million children are currently working in gold mines . This gold
Companies would then also have to map human rights and environmental impacts with a supply chain due diligence. Which companies will be covered by the new regime that are trusted to be able to afford mandatory and sanctioned due diligence processes and compliance structures is another issue with potential for conflict. I dag · On February 12, German government ministers put forward a draft law on corporate human rights due diligence in supply chains. On March 3, the German cabinet adopted the proposal, and it will soon 2020-10-08 · knowing their suppliers – due diligence applies throughout supply chains – one aim of due diligence and risk assessment is to enable the taxable person to make a judgement on the integrity of their Supply Chain Due Diligence 2021 CDSE brings back Federal Bureau of Investigation (FBI) Supervisory Special Agent (SSA) Matt Halvorsen to represent the National Counterintelligence and Security Center (NCSC) to once again discuss Supply Chain. Due diligence in minerals and metals supply chains .