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.

supply chain due diligence, we have mapped and codified the risks related to the six areas outlined above and ranked the potential likelihood of them being present in each battery metal supply chain. Clearly product, brand, or supplier-specific investigations may reveal different risk levels. Furthermore, none of the

Stories about poor practices in the supply chain, for example relating to human rights and the environment, are also rife. 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 But due diligence further down the supply chain – in tiers two, three and beyond – is getting worse. Although companies’ awareness of supply chain risk has improved, few have enough information to look beyond level one and often find the task difficult or even overwhelming. 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. The new due diligence law requires companies to monitor and address challenges in their supply chains, including workers’ rights and environmental standards.

Download "Study on Due Diligence Requirements through the Supply Chain", a study for the European Commission by BIICL, Civic Consulting and LSE 3 Mar 2021 The Due Diligence Act proposed by the German government will require companies to analyse human rights risks in their supply chains, fulfil due EUROPEAN COMMISSION. 3. Directorate General for Justice and Consumers. Study on due diligence requirements through the supply chain. Final Report 22 Dec 2020 The sad fact of forced labor in global supply chains cannot be denied. There are many indicators that forced labor is taking place, including Our supply chain due diligence & congruent commitment, policies & practices, are consistent with. OECD Due Diligence Guidance on conflict minerals, the LBMA Human Rights Due Diligence and Sustainable Supply Chains.

24 May 2020 Covid-19 is wreaking havoc on global supply chains and firms' business continuity plans around the globe. Third parties spread across multiple

But what does this frequently used term mean? Below, you'll find a definition and brief explanation of this business concep A supply chain consists of manufacturers, retailers and others involved in filling a customer order. The elements of a supply chain will vary with business and product type. For example, the supply chain for a restaurant will not be the sam A just-in-time supply chain moves material to a location at a required time, just before the material is needed in manufacturing.

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.

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. It was developed by a group of governments, companies and NGOs, and is considered the international benchmark for supply chain due diligence.

The methodology and cr iteria for such schemes to be recognised as equivalent to the requirements of this Regulation should be established in a delegated act to allow for compliance Promoting Responsible Recovery: Detecting, Mitigating, and Remediating Modern Slavery Publications 16 December 2020. This briefing forms part of a broader five session series ofwebinars standing to tackle contemporary issues impactingmodern slavery in supply chains, calling for candid discussionand pragmatic solutions.
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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). Purchasing and suppliers Listing of major suppliers and […] 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 Supply chain partners are automatically segregated by whether or not they are plant touching licensees or not. Licensees are the only entities in the supply chain that can be fined, administratively held, suspended, revoked or even arrested due to noncompliance.

Therefore, it is strategically important that IndustriALL is involved in the due diligence process to secure workers’ rights and organize workers in the supply chain. Supply chains have been in focus in recent months, not only because of the huge disruptions caused by COVID-19.
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2021-02-23 · For suppliers further down the supply chain, the law says that companies have to conduct “incident-related” human rights due diligence when they have “substantiated knowledge” of potential abuses.

2021-04-10 Supply chains have been in focus in recent months, not only because of the huge disruptions caused by COVID-19. In the first half of 2020, the European Commissioner for Justice, Didier Reynders, announced that in 2021 the European Commission would propose legislation on mandatory corporate due diligence with regards to human rights and environmental risks across supply chains of big businesses. Supply chain due diligence or third-party due diligence is the process of interrogating all third parties of companies’ supply chains.

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But due diligence further down the supply chain – in tiers two, three and beyond – is getting worse. Although companies’ awareness of supply chain risk has improved, few have enough information to look beyond level one and often find the task difficult or even overwhelming.

10 things you need to know This list is not exhaustive and will vary depending on how your business operates. due diligence for supply chains .

7 Mar 2021 Our lawyers present a session on Supply Chain: Environmental and Human Rights Due Diligence as part of our 2021 Global Trade & Supply

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.

This is also a core concept of ethical trade. Another lesson is that, due diligence, as defined by the Guiding Principles, is coherent with other forms of due diligence conducted by business under national laws around the world. 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.