Time
21^st September 2023 at 9 – 10.30 (Finnish time)

Venue
Microsoft online

Registration
Please register at latest on 19^th September 2023.
The Teams link will be sent you on 20^th September 2023

The event will start with a country overview given by the German-Finnish Chamber of Commerce.

The Supply Chain Due Diligence Act came in Germany into effect on 1 January 2023. The Act sets out human rights and environmental due diligence obligations that companies must observe in their own operations and throughout their supply chains. Violations of the Act are punishable by fines of up to 2% of the annual global turnover of the company and its group. Companies found to have violated the Act may also be excluded from public tenders.

The Act will be relevant to Finnish companies if they are a direct or indirect supplier to a German company that is subject to the Act. As part of the German company’s supply chain, the German company will have to take certain measures in order ensure its own compliance with the Act. Finnish companies will be caught directly by the Act, if they maintain a subsidiary or branch office in Germany with more than 3,000 (or, as of 1 January 2024, 1,000) employees in Germany. 

The webinar will show which approach German companies will take towards their Finnish suppliers in the context of the new German legislation and how to react on such requests of the German customers. This will also prepare for the result of the still ongoing legislative process at the EU level with respect to the expected Corporate Sustainability Due Diligence Directive, which shall in similar form protect human rights and the environment in global supply chains.

Read more about the speakers and the theme here.