The Germany Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz or “LkSG”) is setting the stage for the next generation of corporate due diligence requirements. The law focuses on protecting human rights and ensuring environmental sustainability in supply chains and requires companies to produce public-facing due diligence reports for transparency. OneTrust offers a complete solution to help organizations establish a centralized third-party due diligence and risk management program aligned to the LkSG risk management and reporting requirements.
Accelerate LkSG Compliance
Supplier Due Diligence and Risk Management
Conduct automated due diligence checks on all suppliers and build a risk management program.
Streamlined Policy Management
Create, publish, and manage your corporate policy statement as well as document stakeholder attestation to policy requirements.
Secure Complaint Mechanism
Implement a complaint mechanism to empower stakeholders to securely report human rights and environmental violations.
Generate audit-ready reports supported by documentation to easily demonstrate compliance with regulators and share publicly on your website.
Operationalize and Automate LkSG Requirements
Centralize Supplier Information for Greater Visibility
To comply with the LkSG, organizations need to implement a risk management method to analyze risks throughout their supply chains. By consolidating your supplier inventory, you can easily identify, analyze, and mitigate risks throughout the supplier lifecycle.
Conduct Due Diligence and Monitor Suppliers at Scale
Take a data-driven approach to the preventative measures the LkSG requires to make risk flagging and remediation seamless. Leverage our Dow Jones market-leading data integration to screen third parties for potential risks before engaging in business and monitor your third parties for any changes.
Simplify Human Rights Policy Management
To fulfill the requirements of the LkSG, your organization will need to adopt a policy statement that defines your human rights and environmental supply chain due diligence obligations as well as aligned employee and supplier expectations. Create and publish your internal policy statement, distribute policies to internal and supplier stakeholders, and document stakeholder attestations to set the right expectations for human rights and environmental practices.
Establish a Secure and Actionable Complaint Mechanism
To comply with the LkSG’s complaint mechanism, organizations are required to ensure there is a process in place and documentation to demonstrate action is taken on complaints. Publish your complaints procedure and enable individuals from internal and supply chain operations to report human rights and environmental violations through a confidential and secure portal.
Automate Recordkeeping Reporting for Greater Transparency
Under the LkSG, public annual reports and access to past reports are required to demonstrate compliance. Maintain ongoing documentation throughout every step of your supply chain due diligence and risk management activities. Easily generate audit-ready reporting with out-of-the-box reporting templates and export them to publish and share.