A proper understanding of Due Dilligence is needed to be successful with implementation

Due diligence refers to acting and trading with reasonable care for people, animals, communities and natural environment. A proper due diligence process involves identifying, preventing, mitigating and remediating (potential) risks and negative impacts resulting from a company’s actions. As such, companies proactively contribute for example to the reduction of violence, human rights abuses, environmental damage or social unrest.

Recently, national-level legislative initiatives have been taken in France, the US, Switzerland and Germany. Due diligence legislation is being prepared by the European Commission as well for implementation at EU level. As a result, companies will be held accountable to the production conditions and impacts throughout their supply chains, beyond their direct supplier or trading partner. ImpactBuying can assist you on your knowledge about due diligence and can train you accordingly.

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