ARE SERBIAN COMPANIES READY FOR THE GERMAN SUPPLY CHAIN DUE DILIGENCE ACT?

Keywords:
the German Act, human rights, environment, due diligence, sustainable supply chain

Abstract:
The subject of the research is to determine the impact of the German Supply Chain Due Diligence Act on Serbian companies that are potentially part of the supply chain of German companies. The aim of the research is to estimate whether Serbian companies are ready for the usage of the German Act. The sample consists of 46 companies that are members of the German-Serbian Chamber of Commerce (AHK) in 7 relevant industries: automotive parts production, logistics and transport, construction, metal and metal processing, agriculture and food, textile and clothing, and chemical. The source of the information is data published on the sites of those companies for the period 2020-2022. Research results show that Serbian companies are mostly aware of the need to align with international standards regulating human rights and environmental protection. Our research shows that certain companies stand out in this regard and those are the following: Brose, Continental Automotive, Leoni Wiring Systems Southeast, Holleman transport, Nelt Co, Xella Serbia, Knauf Insultation, GEZE, Delta Agrar, Henkel Serbia, and Elixir Group.

CITATION:

IEEE format

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L. Barjaktarović, D. Kalkan, “Are Serbian companies ready for the German supply chain due diligence act?,” in FINIZ 2023 - Sustainable development as a measure of modern business success, Belgrade, Singidunum University, Serbia, 2023, pp. 143-153. doi: 10.15308/finiz-2023-143-153 

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Barjaktarović, L., Kalkan, D. (2023). Are Serbian companies ready for the German supply chain due diligence act?. Paper presented at FINIZ 2023 - Sustainable development as a measure of modern business success. doi:10.15308/finiz-2023-143-153

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