New corporate transparency and supply chain due diligence regulations are being introduced around the world.
The laws are designed to ensure good businesses don’t unknowingly collude with illegal practices like environmental crime, modern slavery, and child labor.
Regulations consider a business’s supplier network, and risks associated with third parties need to be understood, so businesses can take appropriate action to mitigate risk, end relationships, and submit reports to the authorities.
To manage supply chain due diligence, obliged entities need a robust and transparent five-point framework, including:
Get your copy of our new paper, Supply chain due diligence: Regulatory overview and know your supplier framework.
The paper includes a summary of new regulations and details a practical five-point know your supplier framework for businesses to work from.