SupplyManagement.com: California’s supply chain law has had global implications for business
KnowTheChain Project Director Kilian Moote writes for SupplyManagement.com on how California’s supply chain transparency law has paved the way for national and international legislation.
September 1, 2015
While we have been working on a blog series discussing the growing trend towards supply chain transparency, Project Director of KnowTheChain, Kilian Moote, shared his point of view in an article on SupplyManagement.com about how California’s supply chain transparency law set a global legislative trend in motion.
Today, four other supply chain regulations with elements inspired by SB 657 have emerged: The US Executive Order 13627(EO), requiring government contractors to adhere to specific policies set out by the Federal Acquisition Regulation; The EU Directive (2013/34/EU), requiring companies publicly traded on an EU member stock exchange to disclose information concerning their management of social, environmental, and governance issues; the UK Modern Slavery Act, requiring companies to disclose their anti-slavery efforts; and the recently introduced Business Supply Chain Transparency on Trafficking and Slavery Act of 2015, which could require companies with more than $100 million in global gross receipts to disclose all measures taken to prevent human trafficking in their supply chains to the Securities and Exchange Commission.
This piece appears as part of KnowTheChain’s blog series on a growing trend towards supply chain transparency. Follow the discussion at: http://bit.ly/1HpEEOu