German Supply Chain Due Diligence Act: What You Need to Know Now

Although the German Supply Chain Act went into effect January 1, 2023, many companies still do not know how to fully comply with its strict requirements. With limited ESG data stored in multiple systems, companies don’t know how to start assessing their own operations or their suppliers’ operations.

The law focuses on protecting human and environmental rights and the communities impacted by any violations of these. The act – known as SCDDA – is binding for all companies with a registered office or subsidiary in Germany and at least 3,000 employees. Next year, that threshold drops to 1,000 employees.

Compliance with this and other important EU regulations requires an integrated, holistic approach to third-party risk management that will improve data quality, boost business transparency and control, and enable better collaboration and insight across the value chain both internally and with suppliers.

In this 30-minute on-demand session, experts from Riskonnect and Deloitte will take a deeper dive into SCDDA, what it means for organizations, and how to get started.

You’ll learn:

What your organization needs to know about SCDDA, what it matters, and where the regulation is heading next
What is the impact of compliance (intent of the Act); and the cost of failing to comply (financial impact)
How to get started with third-party due diligence and embedding ESG into the planning
How to leverage risk technology to identify, assess, prioritize, and manage relevant risks to enable compliance with SCDDA and ease reporting

Speakers
Bjoern Heck – Sales Executive, DACH, Riskonnect, Inc.
Mark Bethell – Partner, Deloitte
Catalina Reyes – Senior Manager, Risk Advisory, Deloitte LLP
Charles Longridge – Director, Global Partners and Alliances, Riskonnect, Inc.