Supply chain due diligence

1 Establish strong management systems Geneva, 18 January 2021: Human rights due diligence is a crucial means to manage risks in corporate supply chains. Making robust human rights due diligence part of standard business practice is key to advancing corporate respect for human rights and to achieving … 2021-04-18 The proposal intends to oblige companies to analyse and monitor their business partners at all stages of their supply chain and to reveal violations of human rights and activities harmful to the Due Diligence process support SIM consultants help you in setting up your supply chain due diligence process, based on their experience with retail and producing organizations. This includes providing a framework that complies with international guidelines and is aligned with your organization and leading you through the steps. 2020-12-08 Supply chains have been in focus in recent months, not only because of the huge disruptions caused by COVID-19. In the first half of 2020, the European Commissioner for Justice, Didier Reynders, announced that in 2021 the European Commission would propose legislation on mandatory corporate due diligence with regards to human rights and environmental risks across supply chains of big businesses. Human Rights Due Diligence.

OECD's Juliet Lawal Child labour still occurs, including in the global supply chains of Dutch companies. For example, one million children are currently working in gold mines . This gold 29 Apr 2017 This presentation provides an overview of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected Unser Supply Chain Due Diligence Service stellt sicher, dass bei der Integration nachhaltiger Wertzuwachs über Synergiepotenziale und die Vermeidung von 9 Oct 2020 companies – and companies operating in Europe – to undertake broad mandatory human rights due diligence along the entire supply chain. What is Supply Chain Due Diligence? At its basic level, supply chain or third-party due diligence describes the efforts taken to investigate a potential business partner.

This was announced by Didier Reynders, EU Commissioner for Justice, in April 2020. The Commission is working on a legislative proposal for a European due diligence for supply chains.

10 things you need to know This list is not exhaustive and will vary depending on how your business operates. The Problem Analysis, policy background and intervention logic concludes with the definition of four options for regulatory proposals (Task 3): No change (Option 1), new voluntary guidelines (Option 2), new reporting requirements (Option 3) and mandatory due diligence as a legal standard of care (Option 4). steps down the supply chain, due diligence by end users in the chain must cover the entire supply chain.

Selecting Supply Chain Partners There are plenty of fish in the sea and plenty of suppliers vying to do business with you. iComply has seen the good, the bad and the ugly. We’ve been on the front lines of developing markets like California where we warned our clients to steer clear of companies like Kushy Punch long before they finally lost their license for noncompliance. Supply chain due diligence: can oil and gas firms do more? In the oil and gas industry , fraud, bribery and other financial crimes hit the headlines regularly.

The elements of a supply chain will vary with business and product type. For example, the supply chain for a restaurant will not be the sam A just-in-time supply chain moves material to a location at a required time, just before the material is needed in manufacturing. Learn how it works. Alistair Berg / Getty Images A just-in-time supply chain is one that moves material just b Businesses are changing too fast for supply chain management technologies to keep up, according to a panel of experts gathered together by Computerworld and ebizChronicle.com. By Thomas Hoffman and Sarwar A. Kashmeri Computerworld | Compani Whether you’re sizing up an investment or a new hire, it’s not enough to study the financials and the references. As due-diligence expert Barry Rhein will tell you, you’ve got to read between the lines.
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At its basic level, supply chain or third-party due diligence describes the efforts taken to investigate a potential business partner. Third parties in a modern supply chain are diverse. They can include anything from suppliers, distributors, agents, advisors and consultants, and even customers. The OECD’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas provides companies that use and trade natural resources sourced from high-risk areas with further concrete guidance.

Therefore, it is strategically important that IndustriALL is involved in the due diligence process to secure workers’ rights and organize workers in the supply chain. In aligning supply chain contracts with existing obligations and requiring reasonable due diligence by both contract parties, the MCCs seek to address what could be considered an imbalance in the typical negotiation of supply chain contracts where, traditionally, a buyer has tended to shift all responsibility for human rights issues to the supplier. A wave of enforcement actions from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) over the past two years has likely pushed the release of a new sanctions compliance framework—the first ever by the office—and highlights the critical importance of supply chain due diligence to Supply chain due diligence: the new normal? The increasing global push to eradicate unsustainable production practices has seen a host of countries introducing supply chain transparency and due diligence legislation; while, closer to home, New Zealand is now exploring its own modern slavery legislation.
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Due diligence in minerals and metals supply chains . Companies producing or sourcing metals and minerals increasingly face demands from customers, investors and regulators to conduct due diligence on their supply chains. The OECD has established a five-step framework for due diligence in minerals supply chains.

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If you aren’t continually conducting thorough due diligence across your vendor network, you’re leaving your organization at risk. Apart from supply chain due diligence requirements, the proposal would impose on e-vehicle and rechargeable industrial batteries obligations on carbon footprint, recycled content, chemical A buyer will need information about the company’s supply chain in order to conduct her M&A due diligence. And a seller needs to be prepared to provide that information (along with information about every aspect of the business) immediately after signing an M&A letter of intent (LOI). Apart from supply chain due diligence requirements, the proposal would impose on e-vehicle and rechargeable industrial batteries obligations on carbon footprint, recycled content, chemical restrictions, performance, durability, waste collection, treatment and recycling, material recovery, conformity assessment, CE marking, and disclosures to third parties, among many others. In the Council of the European Union’s December 1, 2020 Conclusions on Human Rights and Decent Work in Global Supply Chains, Member States’ representatives called on the European Commission to table a proposal for “an EU legal framework on sustainable corporate governance, including cross-sector corporate due diligence obligations along global supply chains,” and to implement an EU “Due diligence should be exercised by all companies with risks in their supply chains,” she said during at a debate in the assembly’s plenary on Monday (8 March). As the battery supply chain is getting bigger, both in terms of actors and volume, and becoming more complex so will the demand for minerals to power the battery power technology. Therefore, it is strategically important that IndustriALL is involved in the due diligence process to secure workers’ rights and organize workers in the supply chain.