Together with the German Federal Ministry of Labour and Social Affairs, other key players in the energy industry, associations, and civil society organisations, BayWa r.e. participates in the Energy Industry Dialogue (Branchendialog Energiewirtschaft) to address transparency and sustainability in global supply chains for the energy sector.
The aim of the multi-stakeholder forum is to bring together resources and expertise to work on how to decisively reduce risks relating to human rights and environment in global supply and value chains. The Industry Dialogue is also intended to make a significant contribution to enabling companies to fulfil their obligations under the Supply Chain Sourcing Act (Lieferkettensorgfaltsgesetz, LkSG).
As a first important step, the risk report "Potential human rights risks in the supply and value chains" was published in September. In an intensive discussion and development process between the stakeholder groups, a common understanding of sector-specific human rights risks in the energy industry was developed and documented. The publication represents an important orientation for the implementation of the abstract risk assessment of the companies within the framework of the LkSG. The next milestone of the Energy Industry Dialogue is the development of concepts for tangible preventive and remedial measures by the end of 2023.
BayWa r.e.'s participation in this Industry Dialogue is closely linked to the company's own sustainability goals, as part of which it implemented various sustainability initiatives and projects.
Matthias Taft, CEO BayWa r.e. AG, commented: "BayWa r.e. takes its responsibility regarding sustainable practices in the global supply chain very seriously. We are pleased to be part of the Energy Industry Dialogue and to work together with other key players to create greater transparency and high standards for working and environmental conditions in the industry. Only this way can the energy transition in Germany and around the world become a success."
The energy industry plays a key role in solving societal challenges, such as the energy transition or supply security. It is the second industry sector after the automotive industry for which the German government launched this format. The energy industry is aware of its responsibility with regard to a sustainable supply and value chain and wants to jointly develop effective and strong measures within the framework of the Industry Dialogue to protect and promote human rights, the environment, and sustainability in the energy sector.
Find current information about the Energy Industry Dialogue here.
