Due diligence in the supply chain: focus • Table.Briefings

Cotton field in Shawan, Xinjiang. One-fifth of the world’s harvested cotton comes from the region.

The introduction of the German Supply Chain Due Diligence Act next year is a look into the black box for companies. To avoid fines in the millions, risks in the value chain must be assessed and minimized in order of urgency. At the top of the list: suppliers from Xinjiang.

Pacifico Renewables Yield (PRY) has no illusions. The German company, based in Gruenwald near Munich, buys and operates solar and wind parks all over Europe. Any projects it invests in must meet high social and environmental standards. For financing, the company issues green bonds or obtains loans from sustainability banks with the strictest standards.

Due diligence in the supply chain: focus on Xinjiang

Sign up now and continue reading immediately