Risk analysis

On this page, you will find information on how to conduct a risk analysis.

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What is the objective of the risk analysis?

The risk analysis is the basis of an appropriate and effective risk management. Companies are obliged to comply with human rights and environmental due diligence obligations in their supply chains in an appropriate manner. The objective is to prevent or minimize human rights or environmental risks or to end violations of human rights or environmental obligations. For this purpose, the company concerned must identify, weight and, if necessary, prioritize the human rights and environmental risks.

When do risk analyses need to be conducted?

As part of appropriate and effective risk management, the LkSG distinguishes between two types of risk analysis: regular risk analysis and ad-hoc risk analysis.

The regular risk analysis must be carried out once a year.

The trigger for an ad-hoc risk analysis can be substantiated knowledge of possible human rights or environment-related violations at one or more indirect suppliers. A company must also conduct an ad-hoc risk analysis if it must expect a specific, significant change in risks or the addition of new risks in the entire supply chain due to a change in business activities.

What is needed when conducting a risk analysis?

To help you with implementation, we offer you the guidance Identifying, weighting and prioritizing risks. Further clarification on setting up risk management and implementing a risk analysis in accordance with the LkSG can be found under 7 and 8 of the Frequently Asked Questions.

Contact

  • Supply Chain ActFederal Office for Economic Affairs and Export ControlDirectorate-General 7, Supply Chain Act Kasernenstraße 2 04552 Borna, Saxony Germany Phone: +49 (0)6196 908-0
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