
Managing high risk suppliers
What happens when audits find that contractors and suppliers are not meeting a worker welfare code or there is commercial pressure to ‘just make it work’?
Environmental, Social and Governance Consulting
Your organisation and its operations both influence and are influenced by the wider social framework in which they take place. Labour and human rights violations can occur at any point in your supply chain; environmental degradation, corruption or the impact of social and economic marginalisation not only cause serious harm to the community, but can make business unsustainable in the long run.
Control Risks environmental, social and governance programmes have significant benefits beyond the reputational and ethical. Useful as a gauge of governance and risk management processes, ESG programmes can be an excellent long term framework to support value creation by mitigating long term, sometimes existential risks.
We provide detailed analysis and evaluation of your operations and relationships in their social and political context, and against the backdrop of international human rights standards.
We can help you work with your local stakeholders to understand your positive and negative impacts, gain visibility on grievances and find ways to maintain positive engagement. Control Risks has long experience mapping local stakeholders and engaging with them in ways that lead to productive relationships for both sides.
By engaging with all relevant stakeholders we can help you fully assess all social risks and build mitigation programs that are holistic, synchronised across business functions and therefore sustainable for the long term.
Businesses are increasingly being held to account to ensure they play their part in tackling modern slavery by safeguarding the welfare of workers in their supply chain. Extra-territorial legislation requiring disclosure of a company’s progress on mitigating these risks is becoming common.
Our emphasis is not just on monitoring for transgressions, but in building programmes that reduce to a minimum the potential for welfare violations.
What happens when audits find that contractors and suppliers are not meeting a worker welfare code or there is commercial pressure to ‘just make it work’?
Businesses are increasingly being held to account to ensure they play their part in tackling the scourge of modern slavery by safeguarding the welfare of workers in their supply chain.
Contract agreements and audits are both tools that, in isolation, have been shown time and again not to work.
Asia In Focus
Analysis
Asia In Focus
Analysis
Analysis