What does your business need to know about sustainability in its supply chain?
It has become increasingly important for companies to understand their supply chain and the sustainability implications at each stage of the journey. Conducting effective supply chain due diligence is critical and enables companies to understand and address the risks associated with the different stages of a product’s journey from the supplier to the end customer.
Supply chain due diligence is essentially a systematic risk management process that involves a comprehensive assessment of the social, environmental and ethical practices of suppliers, contractors and other partners. The process can help minimise the negative impacts of a company’s operations on people and the environment. It can also ensure legal compliance and, significantly, protect your company’s reputation.
For many companies, supply chain due diligence has become one of the most important ways to mitigate risk, ensure regulatory compliance and prevent reputational damage from customers and activists. But maintaining effective due diligence in a complex supply-chain is not easy or simple. It takes time, expertise and is an ongoing and evolving process. And the pressure to understand what is happening at every stage of the supply-chain is greater than ever.
Our guide provides you with an understanding of the due diligence process in your supply chains, why it’s important and what you need to know to make your company, and the world, a safer, more ethical and more humane place.
