Updates on The EU, German and other European Countries’ Supply Chain Directive and Statutes
The proposed European Supply Chain Directive and various statutes in EU countries are designed to monitor and enforce a system to prevent violations of environmental, global warming and human rights statutes. These require EU companies to audit their products and services providers along the entire global supply chain, including all direct and indirect business relationships. Many US companies will become directly or indirectly subject to scrutiny, compliance and burdens from this Directive and its implementation as well as current statutes.
Accordingly, if a U.S. subsidiary or established business partner of goods or services is part of or deals with a covered company it must assure that all its products and ingredients/components are in compliance. The issues are significant for everyone connected with or trading with the EU. There will be substantial civil penalties, administrative sanctions and clearly imposed direct cost burdens.
Outlining the latest developments of the EU Supply Chain Directive and key elements of the EU, German, French, Netherlands and UK laws, this presentation will address how to prepare for the new regulatory requirements:
At an applied level, the legislative focus on ESG in supply chains means that companies must have a detailed illustration of their existing supplier arrangements. Businesses that are well primed now will have the best prospect of successfully implementing global agreements to comply with these complex, expansive, and potentially conflicting supply chain due-diligence laws.
Pricing: Free ticket