ESG & Human Rights Risk Analyses
Using our set of methodologies tailored to Turkey, such as our country-specific checklists developed together with international and local legal professionals, we conduct customized audits and risk analyses in accordance with the comprehensive German Supply Chain Due Diligence Act (and if required any other human rights laws) to identify and assess the relevant ESG and Human Rights risks at the corporate, country, sector, supply chain, or product level, as appropriate. We go through the auditee's existing policies, management systems, practices, and more to look for shortcomings with relevant ESG and Human Rights regulations as well as international standards and identify areas for improvement.
We also develop software tools to identify, prioritize, and monitor human rights risks and violations over time, action plans to manage the identified risks, systems of consequences to take adequate steps according to risk level, and more.
Supplier Audits
We inform you of abstract risks and conduct audits on your existing and future suppliers in Turkey to identify any concrete risks or violations in relation to the German Supply Chain Due Diligence Law. Following the identification of such risks or violations preventative or remedial actions are suggested that are based on profound local experience.
Self Audits
Similarly as with the supplier audits, we analyze and conduct audits on your existing or future subsidiaries and branches in Turkey to identify any risks or violations in relation to the German Supply chain Due Diligence Law. In the same way, remedial and preventative actions specific to the country are developed.
In-depth Human Rights & Sustainability Risk Assessments
We conduct research and investigations into specific allegations of human rights and sustainability violations of specific parts of the value chain in Turkey & beyond.
Comprehensive M&A ESG Risk Analysis
Corporate mergers and acquisitions come with intrinsic, frequently hard-to-detect human rights risks. The buyer's decision-making is influenced and the transaction's worth may be affected by such risks. If they are not detected and controlled, human rights concerns connected to the target company's activities or supply chains may result in serious risks, such as reputational damage, regulatory fines, and legal fees for the buyer after the transaction closes.
The buyer will be able to better understand its risk exposure, plan risk management and mitigation, integrate internal systems post-closing, and ultimately protect the value and sustainability of the asset by doing human rights due diligence and ESG risk analyses as part of the M&A process. If the risk analysis is done as part of the seller's due diligence, the seller will have the chance to address any problems that may have an influence on the deal's value before closing. Overall, thorough human rights due diligence make it easier to sell the target and its assets quickly, effectively, and profitably.
We identify and evaluate the target's ESG and human rights risks, as well as any current risk management procedures and the target's capacity to manage such risks, as part of our human rights due diligence services in the M&A environment. We have mastered the art of asking questions and acquiring the essential information and documentation from the target thanks to our local expertise in human rights concerns and firms' readiness to manage such risks. We know what to look for in the data room to find hidden dangers and what criteria to weigh when deciding how to prioritize the focus of risk assessments.
In addition to closely collaborating with your M&A and legal teams, our advisory team of human rights specialists moves at the speed of the transaction and upholds complete professional secrecy throughout the due diligence procedure.
ESG Investment Audits
Although it frequently focuses on environmental risk concerns, ESG due diligence has become a crucial component of investment decisions. But the cornerstone of a truly ethical investment is factoring human rights risks into ESG due diligence. To comprehend the financial risk that each new investment poses, an effective human rights risk assessment is necessary as a growing number of laws such as the German Supply Chain Due Diligence Law now mandate it and could impose significant negative financial consequences if breached.
We assist investors in setting up risk management systems to evaluate the managerial maturity and human rights risks of their investee enterprises. As part of this, we carry out analyses of how human rights will be impacted and set up suitable human rights due diligence procedures to assist determine if investment projects are sustainable. On your behalf, we can also communicate with portfolio company management to encourage better adherence to human rights norms.
ESG & Human Rights Risk Analyses
Using our set of methodologies tailored to Turkey, such as our country-specific checklists developed together with international and local legal professionals, we conduct customized audits and risk analyses in accordance with the comprehensive German Supply Chain Due Diligence Act (and if required any other human rights laws) to identify and assess the relevant ESG and Human Rights risks at the corporate, country, sector, supply chain, or product level, as appropriate. We go through the auditee's existing policies, management systems, practices, and more to look for shortcomings with relevant ESG and Human Rights regulations as well as international standards and identify areas for improvement.
We also develop software tools to identify, prioritize, and monitor human rights risks and violations over time, action plans to manage the identified risks, systems of consequences to take adequate steps according to risk level, and more.
Supplier Audits
We inform you of abstract risks and conduct audits on your existing and future suppliers in Turkey to identify any concrete risks or violations in relation to the German Supply Chain Due Diligence Law. Following the identification of such risks or violations preventative or remedial actions are suggested that are based on profound local experience.
Self Audits
Similarly as with the supplier audits, we analyze and conduct audits on your existing or future subsidiaries and branches in Turkey to identify any risks or violations in relation to the German Supply chain Due Diligence Law. In the same way, remedial and preventative actions specific to the country are developed.
In-depth Human Rights & Sustainability Risk Assessments
We conduct research and investigations into specific allegations of human rights and sustainability violations of specific parts of the value chain in Turkey & beyond.
Comprehensive M&A ESG Risk Analysis
Corporate mergers and acquisitions come with intrinsic, frequently hard-to-detect human rights risks. The buyer's decision-making is influenced and the transaction's worth may be affected by such risks. If they are not detected and controlled, human rights concerns connected to the target company's activities or supply chains may result in serious risks, such as reputational damage, regulatory fines, and legal fees for the buyer after the transaction closes.
The buyer will be able to better understand its risk exposure, plan risk management and mitigation, integrate internal systems post-closing, and ultimately protect the value and sustainability of the asset by doing human rights due diligence and ESG risk analyses as part of the M&A process. If the risk analysis is done as part of the seller's due diligence, the seller will have the chance to address any problems that may have an influence on the deal's value before closing. Overall, thorough human rights due diligence make it easier to sell the target and its assets quickly, effectively, and profitably.
We identify and evaluate the target's ESG and human rights risks, as well as any current risk management procedures and the target's capacity to manage such risks, as part of our human rights due diligence services in the M&A environment. We have mastered the art of asking questions and acquiring the essential information and documentation from the target thanks to our local expertise in human rights concerns and firms' readiness to manage such risks. We know what to look for in the data room to find hidden dangers and what criteria to weigh when deciding how to prioritize the focus of risk assessments.
In addition to closely collaborating with your M&A and legal teams, our advisory team of human rights specialists moves at the speed of the transaction and upholds complete professional secrecy throughout the due diligence procedure.
ESG Investment Audits
Although it frequently focuses on environmental risk concerns, ESG due diligence has become a crucial component of investment decisions. But the cornerstone of a truly ethical investment is factoring human rights risks into ESG due diligence. To comprehend the financial risk that each new investment poses, an effective human rights risk assessment is necessary as a growing number of laws such as the German Supply Chain Due Diligence Law now mandate it and could impose significant negative financial consequences if breached.
We assist investors in setting up risk management systems to evaluate the managerial maturity and human rights risks of their investee enterprises. As part of this, we carry out analyses of how human rights will be impacted and set up suitable human rights due diligence procedures to assist determine if investment projects are sustainable. On your behalf, we can also communicate with portfolio company management to encourage better adherence to human rights norms.
Policy Development
We develop, draft, and revise Geman Supply Chain Law and human rights-related policies tailored to the specific needs and challenges of the company in Turkey, such as human rights policy statements, child rights policy statements, and codes of conduct for employees or suppliers.
Contracts & Codes of Conduct with Suppliers
We also develop, draft, and revise codes of conduct with suppliers and contracts with your suppliers or investment targets in Turkey to ensure that you are able to implement the right actions to prevent and remediate violations if and when they occur.
Policy Development
We develop, draft, and revise Geman Supply Chain Law and human rights-related policies tailored to the specific needs and challenges of the company in Turkey, such as human rights policy statements, child rights policy statements, and codes of conduct for employees or suppliers.
Contracts & Codes of Conduct with Suppliers
We also develop, draft, and revise codes of conduct with suppliers and contracts with your suppliers or investment targets in Turkey to ensure that you are able to implement the right actions to prevent and remediate violations if and when they occur.
Grievance Mechanism for Supply Chain Law Compliance
The German Supply Chain Due Diligence Act obligates companies to establish grievance mechanisms that are easily accessible to all affected parties along the supply chain. We offer a turn-key and full-suite solution for the set-up and management of a digital grievance mechanism which ensures compliance with the grievance mechanism obligation of the german supply chain law and effectively includes parties in Turkey that are affected by your supply chain. Click here to learn more about our state-of-the-art solution that integrates our services with the software of our partners.
- We support the conceptualization and creation of suitable grievance processes in accordance with relevant laws and/or UNGPs, as well as the involvement in already-existing grievance mechanisms. Hereby we lay specific importance on the accessibility for parties in Turkey.
- We assess the compatibility of existing grievance mechanisms with applicable laws and standards, as well as the accessibility from Turkey. We adapt existing grievance mechanisms to be compliant and inclusive of Turkish stakeholders.
- We develop and assist in the execution of internal corporate processes for receiving and managing ESG and human rights-related complaints.
Grievance Mechanism for Supply Chain Law Compliance
The German Supply Chain Due Diligence Act obligates companies to establish grievance mechanisms that are easily accessible to all affected parties along the supply chain. We offer a turn-key and full-suite solution for the set-up and management of a digital grievance mechanism which ensures compliance with the grievance mechanism obligation of the german supply chain law and effectively includes parties in Turkey that are affected by your supply chain. Click here to learn more about our state-of-the-art solution that integrates our services with the software of our partners.
- We support the conceptualization and creation of suitable grievance processes in accordance with relevant laws and/or UNGPs, as well as the involvement in already-existing grievance mechanisms. Hereby we lay specific importance on the accessibility for parties in Turkey.
- We assess the compatibility of existing grievance mechanisms with applicable laws and standards, as well as the accessibility from Turkey. We adapt existing grievance mechanisms to be compliant and inclusive of Turkish stakeholders.
- We develop and assist in the execution of internal corporate processes for receiving and managing ESG and human rights-related complaints.
Grievance Mechanism for Supply Chain Law Compliance
The German Supply Chain Due Diligence Act obligates companies to establish grievance mechanisms that are easily accessible to all affected parties along the supply chain. We offer a turn-key and full-suite solution for the set-up and management of a digital grievance mechanism which ensures compliance with the grievance mechanism obligation of the german supply chain law and effectively includes parties in Turkey that are affected by your supply chain. Click here to learn more about our state-of-the-art solution that integrates our services with the software of our partners.
- We support the conceptualization and creation of suitable grievance processes in accordance with relevant laws and/or UNGPs, as well as the involvement in already-existing grievance mechanisms. Hereby we lay specific importance on the accessibility for parties in Turkey.
- We assess the compatibility of existing grievance mechanisms with applicable laws and standards, as well as the accessibility from Turkey. We adapt existing grievance mechanisms to be compliant and inclusive of Turkish stakeholders.
- We develop and assist in the execution of internal corporate processes for receiving and managing ESG and human rights-related complaints.
Training & Education in ESG Compliance
Training, education, and creating awareness of human rights and sustainability risks, especially within your organization is another integral pillar of an effective risk management system. We provide your and the staff of different links in the value chain with training and education on their obligations and how to manage risks. Prof. Dr. iur. Mehmet Köksal has published two books on the implementation of the German Supply Chain Due Diligence Act in Turkey and in Turkish language which can be used for training staff in Turkey. Click here to learn more about the publications and to order both digital and physical copies.
ESG training and education for employees
We build capacities to help effectively manage ESG risks in your organization, tailored to operations in Turkey and local circumstances.
ESG training and education for suppliers
We help your suppliers better their risk management and profile by training and educating their staff on relevant risks and how to prevent violations of supply chain law for compliance with the German Supply Chain Due Diligence Act.
ESG & Human Rights Risk Management for Supply Chain Law Compliance
Policies, risk analyses, grievance mechanisms, preventative and remedial actions as well as training and education are all important pillars of an effective risk management system. We develop and adapt existing risk management systems to cover all risks associated with your subsidiaries, branches, facilities, and suppliers in Turkey. Furthermore, preventative actions have to be identified and implemented to ensure that risks do not realize themselves. If realized risks have been identified then remedial actions have to be taken.
Preventative Actions
Preventative actions vary broadly depending on the specific risk identified in the risk analysis. In any case certain clauses should be implemented in contracts with suppliers that obligate the supplier to prevent risk realization and allow you to take action in case of risks intensifying or violations occurring. However preventative actions should also include the training of relevant staff of the supplier or your location in Turkey and the implementation of regular auditing in identified risks of high realisation possibility.
Remedial Actions
Possible remedial actions also vary broadly with the targeted risk. They can reach as far as canceling the business relationship with repeat offending suppliers or the transaction with potential investments.
Governance Structures
We advise on and create effective governance structures specific to Turkey that embed human rights in all key processes of your company that involve the country. This includes making recommendations on responsibilities and internal reporting structures and providing operational support to management and board in implementing policy commitments.