German Supply Chain Due Diligence Act: Impact on Turkish companies?
The Act on Corporate Due Diligence to Prevent Human Rights Violations in Supply Chains (the Supply Chain Act), imposing new obligations in terms of respecting human rights to certain German companies and their suppliers, entered into force on 1 January 2023.
Who will be affected?
The Supply Chain Act will initially apply to companies having their headquarters, central administration, administrative headquarters, branches or statutory seats in Germany and having more than 3,000 employees. As of 2024, companies having more than 1,000 employees on average per fiscal year will also be subject to the Supply Chain Act.