In February 2022, the EU Commission adopted a proposal for a directive on Corporate Sustainability Due Diligence. The Proposed Directive will need to go through the European Parliament and the Council for approval and may still incur amendments. Once passed, the EU member states will have two years to transpose the directive into national law. Germany is ahead of this schedule already: On January 1, 2023, its law on Supply Chain Due Diligence Obligations will come to effect.
The tightening regulations will affect supply chain management and the way companies conduct their business. As direct or indirect suppliers to large EU companies or their subsidiaries, SMEs see great relevance, including those operating in mainland China.
This video will give you up-to-date insights into the landscape of sustainable due diligence in mainland China and its implications for SME businesses in the Chinese market.