Article
Source: Business Reporter
Article
By Nancy A. Fischer, Iris Karaman, Kate Chan, Samantha Franks
09.06.24
A new wave of supply chain due diligence regulations—particularly in the European Union —is set to transform how businesses operate on a fundamental level. These stringent new regulations are designed to ensure that companies take responsibility for the environmental and human rights impacts of their supply chains.
In their article The Evolution of Supply Chain Due Diligence, Pillsbury partner Nancy Fischer and associates Iris Karaman, Kate Chan and Samantha Franks discuss elements of these new rules, which include the EU Corporate Sustainability Due Diligence Directive and EU Deforestation Regulation. Each set out far-reaching obligations for businesses and have wide-scoping indirect implications for non-EU companies directly or indirectly supplying to the EU market.
The authors discuss key elements of those new rules, their practical implications and the key steps companies can take to achieve compliance.
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