Whistleblower and Ethics Reporting Channel
Implementation of the Whistleblower Protection Act for companies with 50 or more employees
How PwC's solution for the internal reporting office supports medium-sized businesses
All companies with 50 or more employees must establish an internal whistleblower system by December 17, 2023, according to the new Whistleblower Protection Act – for companies with more than 250 employees, this has been in effect since July 2. Companies should take the regulation seriously, as failure to implement a reporting channel could result in fines of up to €20,000.
Benefits
Companies with more than
250
employees since July 2, 2023
Companies with
50
or more employees since December 17, 2023
Municipalities with
10.000
inhabitants or more since July 2, 2023
Why choose PwC's Solution?
The Whistleblower and Ethics Reporting Channel is equally suitable for implementing the Whistleblower Protection Act for international businesses, medium-sized companies (with 50 or more employees), and municipalities.
By outsourcing the reporting channel to PwC, you won't need any new IT infrastructure. Our solution is ready to use right away.
01No IT implementation effort
By outsourcing the reporting channel to PwC, you won't need any new IT infrastructure. Our solution is ready to use right away.
FAQ
How should the reporting channel be designed?
- A confidential environment must be created for whistleblowers.
- Incoming reports must be taken seriously, examined promptly, and pursued further.
- The channel must comply with legal requirements and fulfill any additional commitment requirements.
- Active communication with whistleblowers strengthens trust.
What do companies and municipalities risk if no reporting channel is implemented?
If no reporting channel is implemented, fines of up to €20,000 may be imposed. For other violations of the Whistleblower Protection Act, fines of up to €50,000 may be imposed.
What do companies need to do now?
- Companies must establish a reporting channel for reports.
- They must create a process for handling reports.