“How to Prepare for the New Supply Chain Act”

Panel Introduction

Sustainable supply chains by law - the voluntary approach (e.g., by UN, OECD) has not been successful enough, and so, with the "European Supply Chain Act" (CSDD), the EU is planning even more far-reaching measures than the pioneering German Supply Chain Act ("LkSG"). The draft requires EU companies to carefully manage social and environmental impacts along their entire value chain, including direct and indirect suppliers, their own operations, as well as products and services. The aim is to ensure compliance with applicable human rights standards and environmental protection to promote a fairer and more sustainable global economy and responsible corporate governance.

• What does this mean for the shipping and transport industry?
• What is the current (legal) situation, and what’s ahead?
• Which short-/mid-/long-term impacts can be expected?
• Which measures can be taken to be prepared?