I invite you to take a closer look at the insights shared during the discussion: I recently discussed these ideas and their associated benefits in greater detail on NTV #telebörse.
By initiating efforts now, they can secure long-term access to vital resources or explore viable alternatives. They recognize that the global competition for limited resources will intensify, making it imperative to act proactively. Forward-thinking companies view the LKSG not as a burden, but as an opportunity.
Consequently, these businesses must establish comprehensive guidelines, processes, and strategies to ensure the protection of #humanrights and environmental preservation throughout their value chains. This significant change means that an additional 4,000 companies will be required to comply with the Act. Starting January 2024, the mandatory compliance threshold for the German #Suppl圜hain #DueDiligence Act ( #Lieferkettensorgfaltspflichtengesetz, or #LKSG) will be reduced from 3,000 to 1,000 employees.
