The due diligence process addresses the risk of contributing to activities causing labor and human rights violations as well as negative environmental impacts. The objective is to identify, prevent, minimize or eliminate these actual and potential risks. It is a continuous, proactive and reactive process that can be continuously improved over time.
Due to various ESG regulations, particularly the Corporate Sustainability Reporting Directive (CSRD) with its own European Sustainability Reporting Standards (ESRS) and the Corporate Sustainability Due Diligence Directive (CSDDD), the responsibility of companies is extended to the entire upstream and downstream supply chain. This increases the relevance of due diligence regarding the supply chain. While global supply chains offer potential cost savings and access to new markets, they also present challenges to companies in light of ESG-related due diligence obligations. Through a due diligence of the supply chain, actual and potential risks can be identified and subsequently monitored and managed by companies. This ensures compliance with regulatory requirements and prevents conflicts or negative impacts.
Our services in connection with Supply Chain Due Diligence
We are happy to advise you on supply chain issues related to due diligence processes.
