In an increasingly interconnected world, the global supply chain has transformed into a complex web, intertwining economies and businesses across continents. While this interconnectivity has fueled growth and innovation, it has also brought to the forefront critical issues related to human rights and environmental protection. The German Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz - LkSG) and the upcoming EU Corporate Sustainability Due Diligence Directive (CSDDD) reflect a significant shift towards more responsible business practices, highlighting the need for effective due diligence process in supply chains.
The essence of supply chain due diligence lies in the proactive identification, management and prevention of risks related to human rights and environmental concerns within a company's supply chain. With legislation like the LkSG in Germany, companies are now mandated to take responsibility for their entire supply chain, extending beyond their direct business activities. This approach is not just about compliance; it's a commitment to ethical business practices and sustainable development.
The upcoming CSDDD further amplifies this commitment at a European level, emphasizing the need for companies to integrate sustainability into their core business strategies. These regulations, while challenging, present an opportunity for businesses to enhance their brand reputation, build consumer trust, and create a sustainable competitive advantage.
Recent studies also highlight the urgency of supply chain due diligence. A 2023 survey by DIHK revealed that 94% of German companies affected by the LkSG are actively implementing measures to mitigate human rights and environmental risks. About half of the companies, regardless of size, are responding to inquiries about risks in their supply chains. Furthermore, 60% of companies, including those not directly under the LkSG's scope, are actively engaging in risk minimisation. This trend underscores the necessity of comprehensive due diligence training and the potential impact it can have on a global scale.
Implementing a successful due diligence process requires a deep understanding of the risks involved and the mechanisms to manage them effectively. This is where targeted training programs, such as the one offered by the Indo-German Chamber of Commerce SustainMarkets become invaluable. Our "Supply Chain Due Diligence Manager" Certification Course is indeed designed to equip professionals with the necessary tools to set up a robust risk management and monitoring system. Through our training, participants gain insights into identifying and mitigating risks related to human rights and environmental issues.
The 6-week programme stands out for its practical approach, combining theoretical knowledge with real-world applications. In a blended format, participants learn from experts in the field, engage in interactive sessions and leave with a comprehensive understanding of how to implement effective due diligence processes in their own organisations. Not only will it help you grow your business potential as a supplier to Germany, but it will also support you in implementing compliance requirements as a German subsidiary as well as strengthen your responsible business practices.
We invite you to explore how our Supply Chain Due Diligence Manager Certification Course can empower your organization to meet the challenges and seize the opportunities presented by the new era of supply chain due diligence. Join us in setting a new standard for responsible business practices.
In case of queries, please contact sustainmarkets(at)indo-german.com