Question: How does the company assess the risks of modern slavery and trafficking in their supply chain?
Answer:
Risk-based questionnaires,
Conducting desk research including information from third parties/NGO's
14613463
Walk Free
MSA risk assessment
Schroders
2021
Verified by Community check_circle

On the page number 15 is stated: "As part of these developments, we have established the Supplier Oversight team which is responsible for making sure that all risks associated with modern slavery have been screened and assessed before onboarding a new supplier and support ongoing monitoring activities. This team is also responsible for obtaining attestation to our Supplier Code of Conduct. This approach has strengthened our oversight capabilities and provided us with greater transparency of our supply chain. The additional capacity provided by the Supplier Oversight team and our increased investment in emerging technology has enabled us to screen all of our circa 5,000 tier one suppliers in our supply chain."

 

On the page number 16 is stated: "This risk assessment uses data from the Global Slavery Index (GSI)13, developed by international human rights group Walk Free, to assess the risk exposure of the supply chain by country and the research and analysis capabilities of our Sustainable Investment team to assess sector risk exposure (using average wages and margins) and sector supply chain management effectiveness to create exposure scores. Our supply chain management scores use average sector supply chain policy scores from our proprietary research tool, CONTEXT, as well as supplier training and human rights-related controversies per sector. This data helps us understand the modern slavery risk and average sector response."

 

Besides, on the page number 16 is stated: "Each supplier in our higher risk category is required to complete our modern slavery self-assessment questionnaire and must provide relevant policies, supply chain mapping and risk mitigation processes, as well as details of staff training. For suppliers who have not yet established or implemented a plan to mitigate the risk associated with modern slavery, we have shared our methodology and collaborated with them to establish first steps."

Svitlana.....2023-04-10 22:44:10 UTC