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Friday, 01 October 2021 13:07

BGCCI delegates urge Bangladesh to comply with new diligence laws

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Bangladesh-German Chamber of Commerce and Industry (BGCCI) delegates have urged Bangladesh to maintain higher human rights and environmental standards in production comply to the new due diligence laws to be implemented from 2023, said business leaders yesterday.

As per a Daily Star, the new law will apply to countries doing business with Germany, said the delegates at a webinar on "German Due Diligence Act – Implications for Manufacturers and Exporters in Bangladesh".

The new due diligence law will come into effect from January 2023 for companies with more than 3,000 employees. It will be applicable to companies with 1,000 workers from January 2024.

The law would assess human rights and environmental protection measures related to the emission of noise and water consumption in production and in the whole supply chain. It would be monitored by a separate federal body on exports and imports that will focus on human rights, green production facility and environmental protection in the supply chain, says Karl Borgschulze, Managing Director, Consulting Service International, a German social auditing and certification firm.