Blog

In October 2023, the EU starts mandating importing European companies to report and at a later stage (2026) pay for the actual value of embedded emissions of imported goods, especially from high-emitting sectors…

TrustNet.Trade Feature: ESG is not only a question of ethics but ultimately also a question of profitability. How can companies that focus on sustainability and ESG performance benefit in the long-term?

The German Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz, or LkSG) which came into effect this year, represents a significant development in corporate responsibility and supply chain management.  The law obliges German companies to conduct due diligence on their supply chains and to take necessary measures to identify and minimise human rights and environmental risks.

To comply with the German Supply Chain Act, German companies will extend due diligence obligations to their Indian suppliers.

TrustNet.Trade Feature: How can “Doing the right thing” and “doing things right”, two essential principles, help companies strengthen human rights and protect the environment in their supply chains?

Despite the economic benefits that come with inclusive business practices and a supportive working culture, workers still face ongoing deprivation of opportunities, unfair treatment and violations of their human rights related to business activities due to their identity and beliefs. Creating an equitable working environment promotes collaboration and leads to higher levels of employee engagement, productivity, and creativity.

On 24^th May 2023, IGCC SustainMarkets participated in ‘Responsible Business in India: a business exhibition’ hosted by the Thomson Reuters Foundation in collaboration with the Indo-German Chamber of Commerce, GIZ, Social Compact, and the Indian Chamber of International Business, which took place in Mumbai.

Ensuring access to grievance mechanisms across the supply chain supports effective support due diligence and is imperative in achieving business success. What is the value of the mechanism, and the information derived from it?

The Indo-German Chamber of Commerce in cooperation with Alliance for Integrity is offering companies the chance to join our pilot grievance mechanism programme!

FairVoice connects companies and their suppliers to an all-encompassing complaints and whistleblowing platform, handled by subject matter experts.

In our modern world, businesses are recognising the infinite potential of responsible business conduct for achieving their business goals…

The landscape in the Indian private sector continues to shift towards a structural mandatory framework that incorporates environmental and social responsibility. At the same time, there is a growing number of companies that wish to constitute responsible business measures voluntarily. With it, there is an expansion of the practical functioning of the grievance mechanism.