Germany's New Corporate Supply Chain Due Diligence Law

/ GCSG/

On Friday, June 11, 2021 the German Bundestag passed a law that requires companies to report on human rights and environmental abuses in their direct supply chains. The law affects companies with their head office in Germany as well as subsidiaries of multinationals that are based in Germany. It becomes effective in the following phases:

  • 2023 for companies with 3,000 or more employees

  • 2024 for companies with 1,000-2,999 employees

To learn more click here for a pdf of recent seminar slides on this topic by King & Wood Mallesons Rechtsanwaltsgesellschaft mbH.