BizVibe LkSG Compliance
BizVibe helps you identify and assess which companies meet the required social and environmental supply chain standards.
LkSG Report Card
Download a risk report card which provides actionable insights for human rights, environmental, operational, and policy risks.
Documents and Certifications
Quickly view all relevant company documents and certificates such as their corporate responsibility report.
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LkSG Compliance
Overall Risk Score
Human Rights Risk
1.0
Risk Score
Environmental Risk
1.0
Risk Score
Operating Risks and Sanctions
1.5
Risk Score
Policies
5.0
Risk Score
What’s in a LkSG Scorecard?
Overall Risk Score 
Overall Risk Score
In a single glance, view the overall risk score from 1 to 5, and the category risk scores for stated policies and compliance, human rights, environment, operations, GDPR violations, and corporate violations, and sanctions.
Event-Based Risk Exposure
The event-based risk provides a view on a company's risk exposure and its resilience in the wake of a negative global macro economic event. Rated on a scale of 1 to 5, 1 indicates very low risk, and 5 indicates very high risk
0
2
3
Risk ScoreCard
Event Based Risk
Overall Event Risk
Moderate Risk
High Risk
0
2
3
Risk ScoreCard
Action Points
Company Risk Exposure — Action Points
- Risk management with respect to policies is centrally created and managed within the company. Policies related to child labor laws, employee rights and safety, and corporate strategies are created and managed by the leadership team. Hence, with offices across the globe (North America, Asia, Europe), there is a probability that regional nuances associated with risk management may be overlooked
Action Points
The risk score card highlights specific company actions which are contributing to their risk exposure. Each action is labelled either low, moderate, or high to help streamline the assessment process.
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Frequently Asked Questions
Item1
What is LkSG?
LkSG (or Lieferkettensorgfaltspflichtengesetz) is The German Supply Chain Due Diligence Act which aims to increase supply chain transparency by focusing on environmental and human rights issues. This new law requires all company.
LkSG (or Lieferkettensorgfaltspflichtengesetz) is The German Supply Chain Due Diligence Act which aims to increase supply chain transparency by focusing on environmental and human rights issues. This new law requires all companies with German operations to ensure they achieve compliance regarding human rights and environmental requirements throughout their entire supply chains.
The initial LkSG scope (effective January 1st, 2023) is limited to companies that employ 3,000+ employees, but the scope will stretch to companies with at least 1,000 employees in 2024. To comply with LkSG, companies are expected to fulfill human rights and environmental obligations which include:
es with German operations to ensure they achieve compliance regarding human rights and environmental requirements throughout their entire supply chains.
The initial LkSG scope (effective January 1st, 2023) is limited to companies that employ 3,000+ employees, but the scope will stretch to companies with at least 1,000 employees in 2024. To comply with LkSG, companies are expected to fulfill human rights and environmental obligations which include:
- Adopting risk management systems and assigning responsibilities internally
- Conducting regular risk assessments
- Establishing preventative measures to avert violations
- Establishing complaints procedures to address possible violations
- Documenting and reporting annually to the authorities
How does BizVibe help comply with LkSG?
BizVibe users will have access to the LkSG compliance tool. This feature is a part of the company profile and will display numerous insights that provide a snapshot of compliance for human rights, environmental risk, operating risks and sanctions, and policies. Scorecards can be downloaded for more detailed insights.
What’s in a BizVibe LkSG scorecard?
The LkSG scorecard provides a detailed breakdown of a company’s overall risk score and contains additional information for each compliance category. Company risk exposure action points are also provided which highlight examples of potential exposures which may be overlooked and examples of compliance obligations that have been established to minimize risk.
What is the methodology for the LkSG scorecard?
The scores in the LkSG scorecard are calculated based on news-based sentiment analysis and operational risk.
This analysis covers the following areas:
- Labor and human rights scores
- Changes in minimum wages against period specific inflation rates
- Risk of corruption
- Unemployment (growth) risk
- Pollution risk
- Sustainable development risk (Against the UNDP charters)
- Gender equality risk
- Carbon footprint (growth) risk
- Risk from operations
- Violations, sanctions, litigations in countries of operations
- GDPR violations
