Driving Responsibility and Transparency with Due Diligence Management
Ensure compliance with evolving regulatory requirements through AI-driven solutions that streamline due diligence processes. The osapiens HUB enables businesses to assess, manage, and mitigate risks across supply chains efficiently.
Implement a structured approach to meet legal standards such as LkSG, CSDDD, and other due diligence frameworks. The osapiens HUB centralizes supplier data, provides automated risk analysis, and ensures transparent reporting.
Designed for scalability, the osapiens HUB empowers companies of all sizes to integrate due diligence into their operations, fostering trust, minimizing risks, and supporting sustainable growth strategies.
osapiens: Your Partner for Responsible Business Practices
Navigating the complexities of due diligence regulations like LkSG and CSDDD can be daunting, especially when managing supplier risks and ensuring compliance. The osapiens HUB offers an innovative software solution to simplify these challenges while fostering sustainable and ethical supply chain practices.
The osapiens HUB for Due Diligence streamlines risk assessments, automates data collection, and provides actionable insights to ensure compliance with evolving legal standards. Designed for businesses of all sizes, it empowers companies to manage risks transparently and align their operations with due diligence requirements.
Discover how osapiens solutions make implementing due diligence processes seamless and future-proof for your business.
What is due diligence?
Due diligence involves systematically reviewing and evaluating a company’s business activities and their impact on people and the environment. In a sustainable supply chain, it means taking responsibility for identifying, assessing, and addressing human rights and environmental risks. This includes uncovering and mitigating issues like forced labor, child labor, or pollution, strengthening trust and minimizing legal and reputational risks. Key steps in the due diligence process:
- Risk management: Identifying and assessing risks across the supply chain.
- Preventive and remedial measures: Implementing actions to prevent or address violations.
- Monitoring and reporting: Regularly reviewing and publicly reporting on progress and outcomes.
Relevant laws for a sustainable supply chain: LkSG and CSDDD
Supply chain due diligence has gained importance due to growing consumer demand for ethical products and stricter legal requirements. Governments are introducing laws to ensure human rights and environmental standards in supply chains. Key regulations include:
- German Supply Chain Due Diligence Act (LkSG): Effective January 2024, it mandates companies in Germany with over 1,000 employees to implement due diligence measures, including risk analysis, preventive actions, and reporting.
- EU Corporate Sustainability Due Diligence Directive (CSDDD): Expected from 2025, it will apply to EU-based companies and those with significant EU business, expanding due diligence to include environmental and climate protection.
Why is supply chain due diligence so important for companies?
Supply chain due diligence is vital for ensuring long-term sustainability. Key reasons include:
- Legal compliance: Laws like LkSG and CSDDD require adherence to social and environmental standards, protecting companies from fines and legal issues.
- Reputation protection: Identifying risks early prevents association with unethical suppliers and shields against public criticism.
- Cost savings: Sustainable supply chains reduce disruptions and inefficiencies, preventing costly delays or production stoppages.
- Meeting stakeholder expectations: Customers and investors demand transparent, ethical supply chains, enhancing trust and competitiveness.
- Supply chain resilience: Proactive risk management mitigates external threats, such as geopolitical issues or natural disasters, ensuring stability.
Your partner for a sustainable supply chain: osapiens
Meeting due diligence requirements is challenging due to complex global supply chains. Assessing suppliers and sub-suppliers requires detailed analysis, ongoing monitoring, and thorough documentation. osapiens supports you with:
- Automated risk management: Analyze and prioritize supplier risks in real time to address potential issues early.
- Documentation and tracking: Seamlessly document measures and progress to meet legal requirements and ensure transparency.
- Communication and collaboration: Connect supply chain participants on one platform for efficient implementation of standards.
- Compliance: Leverage expertise from legal and industry partners to ensure full compliance.
Related Solutions
osapiens HUB for CSDDD
Simplify Compliance with the EU Corporate Sustainability Due Diligence Directive
Meet the requirements of CSDDD with a centralized solution for supplier risk management, environmental and human rights assessments, and transparent reporting. Ensure your business aligns with EU standards while fostering sustainability and accountability.
