The Supply Chain Act has just come into force in Germany an important step towards protecting human rights in global supply chains. But the law has one crucial weakness: it lacks a provision that holds companies liable for human rights violations caused by their failure to comply with their due diligence obligations.
As 2022 comes to a close, mandatory Environmental, Social, Governance ESG reporting in the United States remains the subject of much debate and political scrutiny. The European Union EU and other jurisdictions are moving forward with enacting and strengthening such ESG laws.