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pg 3: During 2016 we created an organisation-wide MSHT working group. n 2017, this working group carried out a review of our salient MSHT issues and the controls we have in place to guard against negative impacts on people. This included an assessment of country-level MSHT risks in all the markets in which we operate, and how our role as an employer, procurer or financier may connect us to these risks.
pg 4 ' using anti-money laundering capabilities to identify and report the illicit finances that facilitate and drive the unlawful business model of exploitation'
pg 4: 'undertake automated screening of letter of Credit trade financing, to identify where either the applicant or beneficiary of financing is operating in a high-risk country/commodity combination, using information sourced from the International Finance Corporation (IFC) / and World Wildlife Fund (WWF)’s Global Map of Environmental and Social Risks in Agro-Commodity Production (GMAP). A report is generated monthly to provide post-transaction screening across all global markets for high-risk combinations; this is used to help support our client due diligence and consider whether they have reasonable controls in place to manage risks including modern slavery
pg 7: 'Explore the use of new approaches to detect MSHT by combining data and analytics with outreach to civil society, financial institutions, and the public sector'
pg 7: 'Continue to develop internal systems used to log, track and monitor issues related to MSHT in our clients and transactions'
pg 10: 'Reviewed our internal sourcing, contracting and supplier risk system (SCBuy);
pg 10: 'Conducted a proof of concept of a software solution that helps trace and monitor social risks at all levels of the supply chain.
[[Shenpaha Ganesan]].....2020-08-07 08:10:55 UTC
pg 3: During 2016 we created an organisation-wide MSHT working group. n 2017, this working group carried out a review of our salient MSHT issues and the controls we have in place to guard against negative impacts on people. This included an assessment of country-level MSHT risks in all the markets in which we operate, and how our role as an employer, procurer or financier may connect us to these risks.
pg 4 ' using anti-money laundering capabilities to identify and report the illicit finances that facilitate and drive the unlawful business model of exploitation'
pg 4: 'undertake automated screening of letter of Credit trade financing, to identify where either the applicant or beneficiary of financing is operating in a high-risk country/commodity combination, using information sourced from the International Finance Corporation (IFC) / and World Wildlife Fund (WWF)’s Global Map of Environmental and Social Risks in Agro-Commodity Production (GMAP). A report is generated monthly to provide post-transaction screening across all global markets for high-risk combinations; this is used to help support our client due diligence and consider whether they have reasonable controls in place to manage risks including modern slavery
pg 7: 'Explore the use of new approaches to detect MSHT by combining data and analytics with outreach to civil society, financial institutions, and the public sector'
pg 7: 'Continue to develop internal systems used to log, track and monitor issues related to MSHT in our clients and transactions'
pg 10: 'Reviewed our internal sourcing, contracting and supplier risk system (SCBuy);
pg 10: 'Conducted a proof of concept of a software solution that helps trace and monitor social risks at all levels of the supply chain.
[[Shenpaha Ganesan]].....2020-08-07 08:10:55 UTC