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What Supply Chain Due Diligence Act requires when it comes to risk analysis:
- Determine whether there is a risk that your own business actions or business actions of your direct (or indirect in the case of indications) supplier violate human rights.
- Take stock of all of your company‘s business activities and business relationships via internal and external sources
- Present the results in a risk map: e.g. according to business areas, locations, products, countries of origin.
- Prioritize the identified risks (according to „appropriateness criteria“ = (i) the nature and scope of the business, (ii) the company‘s ability to influence the immediate violator, (iii) the expected severity of the violation, (iv) the reversibility of the violation, (v) the likelihood of the violation occurring, (vi) the nature of the contribution to causation), especially if you cannot address everything at the same time.
- Communicate the results of the risk analysis to the relevant decision-makers in the company.
We are here to help you navigate the risk analysis process
Set up company profiles for all of the suppliers that you work with, making sure that you have all the needed information from them.
Create connecting tree diagrams between all of your suppliers, brokers and manufacturers for needed products.
Custom fields are here to help you make sure that you have all the necessary data pertaining to every company that you work with.
