LkSG - How change succeeds!
Do you know your corporate Due Diligence?
In June 2021, the German Due Diligence Act (LkSG) was passed. We are looking forward to accompany you from the policy statement through the risk analysis to reporting obligations.
How to implement due diligence steps and seize opportunities:
Policy statement
Adopt a policy statement to respect human rights.
Risk analysis
Identify risks and impacts by assessing their severity and probability of occurrence.
Risk management
Establish a process to identify loopholes at an early stage to enable implementation of remedial action and measure impact.
Prevention and remediation measures
Integrate a systematic mechanism to prevent harm and ensure remediation when it occurs.
Grievance mechanism
Establish a systematic grievance mechanism by opening communication channels for stakeholders and affected parties to communicate complaints and identify grievances.
Reporting obligations
Comply with the reporting obligation annually in a transparent and public manner.
