German Supply Chain Due DiligenceBAFA issues first handout on risk analysis

On 17 August 2022, the Federal Office for Economic Affairs and Export Control (Bundesamt für Wirtschaft und Ausfuhrkontrolle, “BAFA”) has issued its first handout to provide guidance to companies currently implementing a risk management system to comply with the German Supply Chain Due Diligence Act (“SCDDA”). The document is aptly titled “Identifying, Weighing, and Prioritizing Risks” – as this is essentially what the risk analysis needs to do. Overall, the handout includes what has already been stated in the SCDDA, summarizes the essential requirements for a risk analysis, and gives a little more background on the requirements and a few practical examples with respect to the implementation.

Continue reading at mayerbrown.com.

The post German Supply Chain Due Diligence<br>BAFA issues first handout on risk analysis appeared first on Eye on ESG.