German cabinet approves supply chain law 

April 2, 2021 EcoVadis EN


German Chancellor Angela Merkel's cabinet has backed plans to introduce a new law which would make companies legally responsible for human rights and environmental issues throughout their global supply chains.

It would mean that larger German companies, with annual revenues of more than €400 million (US$484m), could face fines of up to two per cent of that amount - €8 million (US$9.5m) - if their suppliers step out of line.

Businesses will not automatically be liable for any shortcomings, but NGOs and trade unions will be able to bring lawsuits against German companies on behalf of foreign workers.


Read the full article at: www.ecotextile.com

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EcoVadis EN

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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