Federal Finance Minister Christian Lindner wants to streamline the supply chain law and thus reduce bureaucracy.
“The supply chain law, which is extremely burdensome in practice, must be reduced and streamlined. The law does little for people in emerging countries, but is a very expensive vote of no confidence in the economy,” said the FDP politician in the “Table.Today” podcast from the media company Table.Media. Auditors could be responsible for checking supply chains instead of authorities.
The German Supply Chain Due Diligence Act (LkSG), as it is officially called, stipulates that larger companies must, among other things, analyze how great the risk is that they will benefit from human rights violations such as forced labor. You must set up risk management and a complaints mechanism and report publicly on them. In the event of injuries in their own business area or among direct suppliers, the law requires companies to immediately take appropriate remedial measures. Since the turn of the year, the law has also affected companies with more than 1,000 employees.
In the podcast, Lindner also called for a new, market-based climate protection law and an investment offensive in digital business models based on the French model. (dpa)