In an increasingly globalised world, most companies have several tiers of suppliers spanning across multiple countries and industries. Risks of modern slavery, health and safety violations and other human rights abuses are endemic across most industries and can be particularly high in specific sectors and/or countries. Customers, governments, investors and wider stakeholders are increasingly demanding companies to mitigate such risks. In addition, the sourcing, transport and manufacturing of goods rely on the use of a range of resources, which can impact the environment. In turn, external factors such as climate change, water scarcity and resource depletion can represent significant operational threats to your business. Failure to manage these external impacts can pose risks to your operations, brand image and social license to operate.
Unravelling the complexities of your supply chain can be challenging
Identifying key risks and impacts across the entire supply chain can be complicated & resource-intensive and require technical expertise. Companies with several tiers of suppliers may find it challenging to establish where to begin. In many cases, the majority of risks lie further down the supply chain. Mapping your supply chain is a challenge in itself; gathering data from suppliers across the supply chain is even harder. Improving the visibility of your supply chain is dependent on leveraging supplier relationships and sufficient access to data, which may not always be available.
Assessing your social and environmental impacts will allow you to identify high-risk areas across the supply chain, such as material sourcing and the transportation of goods, providing you with a strategy to prioritise your resources.
Prioritise action through a risk-based assessment
We have experience in identifying risks across sectors & geographies and can help you prioritise efforts to address key threats and impacts in your supply chain. Assessments are tailored to your company’s needs, be it technical impact assessments, target setting (e.g. Science Based Targets) or holistic supplier data collection and engagement strategies.
How can we help you?
We can help you understand your supply chain and identify social & environmental risks to your business.
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