Geneva, 18 January 2021: Human rights due diligence is a crucial means to manage risks in corporate supply chains.Making robust human rights due diligence part of standard business practice is key to advancing corporate respect for human rights and to achieving the Sustainable Development Goals (SDGs).

Members in the gold, silver, PGM, diamonds and coloured gemstones supply chain shall exercise due diligence over their supply chains in accordance with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (the ‘OECD Guidance’) or other auditable due diligence frameworks recognised by the RJC to be aligned with the OECD Guidance (‘RJC-recognised due diligence frameworks’), in ways appropriate to their size and circumstances.

A buyer will need information about the company’s supply chain in order to conduct her M&A due diligence. And a seller needs to be prepared to provide that information (along with information about every aspect of the business) immediately after signing an M&A letter of intent (LOI). Supply chain due diligence or third-party due diligence is the process of interrogating all third parties of companies’ supply chains. Third-party could be anything, such as … 2020-10-08 2020-10-15 2020-12-22 “Due diligence should be exercised by all companies with risks in their supply chains,” she said during at a debate in the assembly’s plenary on Monday (8 March). In aligning supply chain contracts with existing obligations and requiring reasonable due diligence by both contract parties, the MCCs seek to address what could be considered an imbalance in the typical negotiation of supply chain contracts where, traditionally, a buyer has tended to shift all responsibility for human rights issues to the supplier. A recent majority vote in the EU means that new legislation – requiring companies to conduct due diligence throughout their supply chain, and to find and remedy environmental harm and human rights abuses – is expected to be tabled this June.

2020-10-15 · No matter the jurisdiction your business operates in, IntegrityRisk can support your supply chain due diligence needs as processes evolve. From ethical audits to maintaining your FCPA compliance program, get in touch to conquer all your risk challenges wherever your supply chain takes you. Due diligence in minerals and metals supply chains . Companies producing or sourcing metals and minerals increasingly face demands from customers, investors and regulators to conduct due diligence on their supply chains. The OECD has established a five-step framework for due diligence in minerals supply chains.

Finally, truly robust supply chain due diligence cannot be done effectively without investing in data-driven technology. This enables teams to gain complete visibility across the global supply chain through risk mapping, easily and more efficiently identify the company’s most critical suppliers from both a cost and operational standpoint, and

It takes you to the Due diligence and responsibilities in the mineral supply chain T he mining, transport, and trade of mineral resources can fuel growth and employment, generate income, and promote local development. Due to management, investor, and market pressures, MegaWeb Corporation conducted a shortened due diligence process to speed the acquisition. The next release of Ajax’s platform would bring much-requested features and address a market on which they wanted to rapidly capitalize. 2021-04-23 · The OECD Guidance is global in scope, and applies to all mineral supply chains.

8 Dec 2015 As your business and network of suppliers grows, so too does the potential risks. Having locally based suppliers will allow you pick up

They can include anything from suppliers, … Failure to perform reasonable due diligence checks can lead to significant legal, financial and … your operations and global supply chains, you should have a comprehensive and transparent social compliance system in place. The following resources can assist companies without such a system, strengthen systems already in place or assist with conducting supply chain due diligence. Start with the link below . It takes you to the due diligence for supply chains . SUMMARY . The growth of international supply chains has undoubtedly brought enormous benefits to developing countries, but at the same time it has had certain negative impacts, relating for instance to violations of human and labour rights, including forced labour and child labour, environmental 2020-02-20 The five-step, risk-based due diligence process is relevant to all companies in the mineral supply chain that produce or use minerals from conflict-affected or high-risk areas. It applies to all minerals and is global in scope.

Lawyer Robert Grabosch summarises what is known so far about the proposal, which, once officially approved by the Government cabinet, will go to the German Parliament. Entwurf des Lieferkettengesetzes Date: 15 Feb 2021 Content Type: The law was first mooted in 2019, building on Germany’s 2016 National Action on Business and Human Rights, which encouraged firms to voluntarily disclose supply chain risks. Last year Heil said survey results that found most firms were not fulfilling due diligence … Due diligence in minerals and metals supply chains . Companies producing or sourcing metals and minerals increasingly face demands from customers, investors and regulators to conduct due diligence on their supply chains.
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Scope: The Due Download "Study on Due Diligence Requirements through the Supply Chain", a study for the European Commission by BIICL, Civic Consulting and LSE Norton Rose Fulbright and BIICL would like to invite you to attend a Human Rights Due Diligence in Supply Chains Forum in London on 17 May 2018. Regulation (EU) 2017:821 of the European Parliament and of the Council of 17 May 2017 laying down supply chain due diligence obligations for Union 9 Mar 2021 The Commission is working on a legislative proposal for a European due diligence for supply chains.

And a seller needs to be prepared to provide that information (along with information about every aspect of the business) immediately after signing an M&A letter of intent (LOI). Apart from supply chain due diligence requirements, the proposal would impose on e-vehicle and rechargeable industrial batteries obligations on carbon footprint, recycled content, chemical restrictions, performance, durability, waste collection, treatment and recycling, material recovery, conformity assessment, CE marking, and disclosures to third parties, among many others. In the Council of the European Union’s December 1, 2020 Conclusions on Human Rights and Decent Work in Global Supply Chains, Member States’ representatives called on the European Commission to table a proposal for “an EU legal framework on sustainable corporate governance, including cross-sector corporate due diligence obligations along global supply chains,” and to implement an EU “Due diligence should be exercised by all companies with risks in their supply chains,” she said during at a debate in the assembly’s plenary on Monday (8 March). As the battery supply chain is getting bigger, both in terms of actors and volume, and becoming more complex so will the demand for minerals to power the battery power technology.
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Supply chain risk management rests on a foundation of third-party due diligence. Well, due diligence is something compliance officers have been doing for years. The challenge is how to leverage

Third parties in a modern supply chain are diverse. They can include anything from suppliers, distributors, agents, advisors and consultants, and even customers. The OECD’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas provides companies that use and trade natural resources sourced from high-risk areas with further concrete guidance.

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A wave of enforcement actions from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) over the past two years has likely pushed the release of a new sanctions compliance framework—the first ever by the office—and highlights the critical importance of supply chain due diligence to

And a seller needs to be prepared to provide that information (along with information about every aspect of the business) immediately after signing an M&A letter of intent (LOI). Supply chain due diligence or third-party due diligence is the process of interrogating all third parties of companies’ supply chains. Third-party could be anything, such as … 2020-10-08 2020-10-15 2020-12-22 “Due diligence should be exercised by all companies with risks in their supply chains,” she said during at a debate in the assembly’s plenary on Monday (8 March). In aligning supply chain contracts with existing obligations and requiring reasonable due diligence by both contract parties, the MCCs seek to address what could be considered an imbalance in the typical negotiation of supply chain contracts where, traditionally, a buyer has tended to shift all responsibility for human rights issues to the supplier. A recent majority vote in the EU means that new legislation – requiring companies to conduct due diligence throughout their supply chain, and to find and remedy environmental harm and human rights abuses – is expected to be tabled this June. This legislation is welcome recognition that expecting due diligence will take more than just goodwill. 2020-02-25 A wave of enforcement actions from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) over the past two years has likely pushed the release of a new sanctions compliance framework—the first ever by the office—and highlights the critical importance of supply chain due diligence to mitigate sanctions risk.

Norton Rose Fulbright and BIICL would like to invite you to attend a Human Rights Due Diligence in Supply Chains Forum in London on 17 May 2018.

SIM consultants help you in setting up your supply chain due diligence process, based on their experience with retail and producing organizations.

This includes providing a framework that complies with international guidelines and is aligned with your organization and leading you through the steps.