- Europe
Steps Towards a Sustainable Society: The German Due Diligence Act on Human Rights and Environmental Issues in Supply Chains
On 11 June 2021, the German Parliament passed the Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz – LkSG; the “Supply Chain Due Diligence Act” or the “Act”) with provisions obliging companies to conduct due diligence on human rights and environmental issues in their supply chains. This timing is apt, as the Supply Chain Due Diligence Act is expected to serve as a tailwind for a parallel initiative underway at the EU level. Of course, as with any regional initiative, the level of consistency between the requirements of legislation enacted at the regional level and the level of each national government remains to be seen. 1. The Purpose of the Due Diligence Act The main purpose of the Supply Chain Due Diligence Act....To read the full article, please see the PDF file
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Europe Newsletter (June 23, 2021) (904 KB / 5 pages)
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Currently based in Frankfurt, Yumiko has worked on various cross-border transactions and research projects for multinational corporations and governments. Her main practice areas are corporate/M&A, competition/antitrust, and litigation.
In addition to Tokyo, she studied and worked in various cities, including Washington, D.C., New York, London, Düsseldorf, and Frankfurt. Through such experiences, she has developed insights into various legal systems, business practices, and cultural differences, and also built a rich network with local business associations and local counsels. By leveraging such insights, she supports Japanese companies in expanding their business abroad and multinational companies in expanding their business into Japan.
Whereas her main practice area is corporate matters, she is actively engaged in various projects related to sustainability/ESGs. She completed related trainings such as FASID/Ministry of Foreign Affairs’ “International Aid Programme (certificate)” and Oxford’s Saïd Business School’s “Leading Sustainable Corporation Programme (certificate),” and has advised on various pro bono matters for international organizations and NGOs. She has insights into recent developments of legislations related to supply chain due diligence for human rights and the environment.
She has contributed to ESG practice area as well utilizing her experiences advising both public and private sectors