On 10th June 2021 the Norwegian Parliament passed the Norwegian Transparency Act. The next day the German Bundestag passed the Supply Chain Act. Both laws require thousands of companies to conduct Human Rights Due Diligence (HRDD).
HRDD is the process by which companies assess their business counterparts, including suppliers, to identify adverse human rights impacts that they have caused or contributed to. Companies should take action to mitigate or remedy potential and actual impacts accordingly.
Below is a comparison of the two Acts.
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*Norwegian Forum for Development and Environment refer to '50 man years,' we understand this to mean full time equivalent years.