Risk Analysis Practice Guide to German Act on Corporate Due Diligence Obligations in Supply Chains Published
The German Federal Office for Economic Affairs and Export Control (Bundesamt für Wirtschaft und Ausfuhrkontrolle, BAFA) published the Risk Analysis Practice Guide (the Guide) on August 17th, 2022 regarding the German Act on Corporate Due Diligence Obligations in Supply Chains (the Act), which will gradually come into force starting from 2023. Duties of BAFA, which is the official […]
A Quick Look into the EU Directive
The Draft European Union (EU) Directive On Corporate Sustainability Due Diligence (Directive) covers all EU companies with 500+ employees and EUR 150 million+ in net turnover worldwide OR EU companies operating in high impact sectors (textiles, agriculture & food, mining), with more than 250 employees and a net turnover of EUR 40 million+ worldwide OR […]
Swiss Indirect Counter-Proposal to the Popular Initiative for “Responsible Businesses – Protecting Human Rights and the Environment”
In Switzerland, the Responsible Business Initiative (a coalition of NGOs) filed a popular initiative, which suggested amending the Constitution to impose non-financial reporting and human rights due diligence (HRDD) obligations for companies based in Switzerland. The initiative was rejected by popular vote, following which the milder version of the Parliament’s indirect counter-proposal suggesting amendments to […]
French Corporate Duty of Vigilance Law
French Corporate Duty of Vigilance Law, in force as of 27 March 2017, requires parent companies which meet the relevant criteria to establish, publish and implement a “vigilance plan” to prevent, mitigate and remedy human rights violations and environmental risks arising from their own business activities and those arising throughout their global value chains. The […]
Comparative Table of Legal Instruments and Legislative Proposals on Mandatory Human Rights Due Diligence
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Human Rights Risks in the World’s Top Foreign Direct Investment Cities Assessed
According to the results of the research*, which were announced in October 2021, the social risk landscape of 575 cities with a population of over 1 million were evaluated and it was determined that 75% of the cities (426 cities in total) were in the two highest risk categories (high and extreme risk). Within the […]
German Corporate Due Diligence Obligations in Supply Chains Act
German Act on Corporate Due Diligence Obligations in Supply Chains (the Act), adopted by the German Parliament on 11 June 2021, introduces an obligation for companies over a certain scale to comply with human rights standards in relation to their business activities throughout their global supply chains. Human rights mentioned non exhaustively in the Act: Prohibition […]
German Parliament Adopts Supply Chain Act
The German Parliament adopted a human rights due diligence law called the “Supply Chain Act” (Act) on 11 June 2021. The Act aims to ensure companies to comply with human rights standards in relation to their business activities throughout their global supply chains. The Act is expected to enter into force in 2023 and apply […]
Corporate Accountability for Human Rights
“Naif Şaşma” Decision of the Constitutional Court of Turkey The Constitution Court of Turkey rendered a noteworthy decision on 9 October 2019 regarding corporations’ responsibility to protect and respect human rights as private organs of the society[1]. In its decision the Constitution Court stated that the internet domain name does not fall in the scope […]
Amendment to the Corporate Governance Communiqué: “Sustainability Principles Compliance Framework” for Public Companies in Turkey
Turkish Capital Markets Board (“CMB”) introduced an amendment to the Corporate Governance Communiqué (“Communiqué”) on 2 October 2020. Accordingly, public companies that are subject to the Corporate Governance Principles will now also be subject to the principles specified in the Sustainability Principles Compliance Framework. Despite the application of principles under this framework is voluntary for public companies, CMB […]