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City bosses brace for compliance headache as new German ESG supply chain law kicks in
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fnlondon.comA new German law mandating strict ESG audits of supply chains looks set to hit City firms with Germany-based offices, as well as other major UK companies, legal experts warn.
Firms could be fined up to 2% of global turnover for firms for failure to comply with the German Supply Chain Act – or Lieferkettensorgfaltspflichtengesetz as it is called in German.
Compliance...
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