What is The German Supply Chain Act?
Today, supply chains extend around the entire world. For decades, international corporations have been criticised for not complying with human rights and environmental standards along their supply chains and for profiting from poorly enforced national regulations in emerging and developing countries.
The German Supply Chain Act (GSCA) is the first legislative step that obliges companies doing business in Germany to meet the standards set out in United Nations (UN) Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises.
The law imposes due diligence obligations on companies that have a principal place of business, administrative headquarters, statutory seat, or branch office in Germany to comply with human rights and environmental standards. It also exposes them to serious liabilities upon violations.
👇Want to know more? Read our new blog post here below and learn what GSCA means for companies around the world.
https://www.circularise.com/blog/germ...
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