Implementing the technology as a key tool to assess supply chain risks and introduce traceability.
Benefits to stakeholders
Compliance
EU Supply Chain Due Diligence Regulations
The Corporate Sustainability Due Diligence Directive (expected adoption in 2024) follows several national legislations (such as the French Corporate Duty of Vigilance Law and the German Supply Chain Due Diligence Act, which came into force, respectively, on 01.01.2020 and 01.01.2023) that make it mandatory for companies in the EU to uphold human rights and environmental standards in their entire supply chain.
Companies will need to conduct a risk analysis as part of the due diligence process for the whole supply chain, thereby constructing preventive measures as well as remedial actions when violations are identified.
Our Part
EU Anti-Greenwashing Regulations
A new EU Directive (expected adoption by end-2023 at the earliest) will amend the Unfair Commercial Practices Directive and the Consumer Rights Directive to protect consumers against misleading claims about a product’s environmental and social impact, durability, and reparability.
Companies will no longer be able to make generic claims that cannot be backed up by evidence and verified by an objective and independent monitoring system.
USA – UFLPA
The Uyghur Forced Labor Protection Act (adopted on 21.06.2022) obliges companies wanting to import cotton to the United States to supply evidence to the US Customs and Border Patrol (CBP) that those products were not made with forced labour.
When requested by CBP, importers should be able to trace the complete supply chain of the goods under review and demonstrate that imported goods were not mined, produced, or manufactured in Xinjiang. An official report to the congress of the U.S. Department of Homeland Security (DHS) states that DNA traceability or isotopic testing can be used for the purpose of proving the origin of particular goods or materials.
Our Part
Marking and tracing materials at the source proves that the origin of the imported raw material or product is not the Xinjiang region.
SECURITY
Supply chains incidents such as material substitutions, fake transaction documentation (e.g. organic cotton fraud in India, 2020) or failures of the “mass balance” system (e.g. inability to uncover forced labour issues in China) can affect the integrity, quality and safety of products and put the business at risk.
Our Part
The Haelixa traceability solution ensures that the products bought or sold are indeed made of the specific material that is stated on the transaction documentation, supporting standards, certifications and mass balance systems.
CREDIBILITY
Upstream activities have the highest social and environmental impact in fashion, precious metals, and precious stones supply chains. Therefore ensuring the traceability of raw materials is the first necessary step to moving towards credible sustainability.
Gold:
Our Part
With forensic testing, our traceability solution ensures that the responsible materials used are those claimed, proving sustainability statements.
Fashion:
Precious stones:
DIFFERENTIATION
With the buyers becoming more conscious and the markets more competitive, the consumer goods industry needs to gain a new level of differentiation through product distinction.
Fashion:
Our Part
Haelixa brings a unique DNA identity within the product to make it truly distinctive and ensure engaging storytelling.
Gold: