What does EQS Compliance COCKPIT offer?
With our digital solution EQS Compliance COCKPIT, you fulfil the legal requirements of the Supply Chain Due Diligence Act (LkSG). With the help of the applications on the Compliance COCKPIT, you can – among other things – categorize your risks, initiate and track appropriate preventive measures, as well as compile and communicate policy statement and other relevant policies. The complaints procedure required by law can also be rolled out and managed via the COCKPIT. In doing so, you always maintain an overview of measures and responsibilities and fulfil your documentation obligations at the same time.
- Clear mapping of risks of relevant suppliers and locations as well as of corresponding measures
- Effortless implementation of a risk management system
- Continuous and effortless documentation of the fulfilment of due diligence obligations
- Protection against sanctions through implementation of legal requirements
Risk management according to LkSG – An overview of requirements
Communicate policies and policy statements with EQS Policy Manager:
EQS Policy Manager gives you templates to create an LKSG-compliant policy statement, as well as other guidelines for dealing with specific risks.
In addition, you have the possibility to communicate policies and responsibilities across the organization and use an integrated confirmation mechanism to ensure that they have been read and understood. The creation of segmented address lists also supports you in external communication.
The law in brief
The German Supply Chain Due Diligence Act (LkSG) applies to companies headquartered in Germany with more than 3,000 employees from January 2023. From 2024, the law will apply to companies with more than 1,000 employees. Foreign companies’ subsidiaries in Germany, who exceed these employee numbers, are also covered by the law. Foreign companies that sell to affected German businesses, along with small German businesses, also feel the impact. This is because the larger German firms under this law are asking their suppliers to follow the same rules.