Due Diligence for Responsible Business Conduct
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.
Adopt a policy statement to respect human rights.
Identify risks and impacts by assessing their severity and probability of occurrence.
Establish a process to identify loopholes at an early stage to enable implementation of remedial action and measure impact.
Integrate a systematic mechanism to prevent harm and ensure remediation when it occurs.
Establish a systematic grievance mechanism by opening communication channels for stakeholders and affected parties to communicate complaints and identify grievances.
Comply with the reporting obligation annually in a transparent and public manner.
is preventative.
involves multiple processes and objectives.
is commensurate with risk (risk-based).
can involve prioritisation (risk-based).
is dynamic.
does not shift responsibilities.
concerns internationally recognised standards of RBC.
is appropriate to an enterprise’s circumstances.
can be adapted to deal with the limitations of working with business relationships.
involves ongoing communication.
OECD (2018), OECD Due Diligence Guidance for Responsible Business Conduct
Sector specific guidance
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50968 Köln
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