A recent majority vote in the EU means that new legislation – requiring companies to conduct due diligence throughout their supply chain, and to find and remedy environmental harm and human rights abuses – is expected to be tabled this June. This legislation is welcome recognition that expecting due diligence will take more than just goodwill.

due diligence for supply chains . SUMMARY . The growth of international supply chains has undoubtedly brought enormous benefits to developing countries, but at the same time it has had certain negative impacts, relating for instance to violations of human and labour rights, including forced labour and child labour, environmental

Start with the link below . It takes you to the due diligence for supply chains . SUMMARY . The growth of international supply chains has undoubtedly brought enormous benefits to developing countries, but at the same time it has had certain negative impacts, relating for instance to violations of human and labour rights, including forced labour and child labour, environmental 2020-02-20 The five-step, risk-based due diligence process is relevant to all companies in the mineral supply chain that produce or use minerals from conflict-affected or high-risk areas. It applies to all minerals and is global in scope. 1 Establish strong management systems 2021-04-23 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 mitigate sanctions risk.

Supply chain due diligence

The Framework is inspired by the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (OECD, 2013). By performing due diligence practices on its cobalt supply chain, receiving third-party assurance, and publicly reporting, Umicore intends to adhere to the five steps for risk-based due diligence of this OECD Due Diligence Guidance. 2015-11-26 · Supply chain due diligence (SCDD) represents a holistic concept to proactively manage supply chains reducing the likelihood of the use of conflict minerals effectively. Based on an exploratory study with 27 semi-structured interviews within five European industries, we provide insights into patterns of implementation, key motivational factors, barriers and enablers, and impacts of SCDD in supply chain due diligence (‘Union system’). The methodology and cr iteria for such schemes to be recognised as equivalent to the requirements of this Regulation should be established in a delegated act to allow for compliance Promoting Responsible Recovery: Detecting, Mitigating, and Remediating Modern Slavery Publications 16 December 2020.

Failure to perform reasonable due diligence checks can lead to significant legal, financial and …

From ethical audits to maintaining your FCPA compliance program, get in touch to conquer all your risk challenges wherever your supply chain takes you. 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.

26 Nov 2015 Supply chain due diligence (SCDD) represents a holistic concept to proactively manage supply chains reducing the likelihood of the use of

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. Practical steps to carry out labour supply due diligence and work strategically with labour supply chain partners. About this Event. Recruitment and labour supply models can involve long, complex supply chains, with numerous parties, in some cases with informal or hidden relationships.

Members in the gold, silver, PGM, diamonds and coloured gemstones supply chain shall exercise due diligence over their supply chains in accordance with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (the ‘OECD Guidance’) or other auditable due diligence frameworks recognised by the RJC to be aligned with the OECD Guidance (‘RJC-recognised due diligence frameworks’), in ways appropriate to their size and circumstances. The new due diligence law requires companies to monitor and address challenges in their supply chains, including workers’ rights and environmental standards. Companies will have to ensure that they are addressing these challenges for their direct and indirect suppliers, as well as their own operations. Therefore, a significant amount of supply chain due diligence should occur sufficient to support the regulatory requirements. There are multiple sources available that provide guidelines for responsible business conduct to avoid human exploitation and forced labor in supply chains. Webinar | Due Diligence for Living Income: how to address poverty and prosperity in supply chains in light of new EU legislation Home Public webinar: With the advances in the process for a new European Union Due Diligence Law on the Environment and Human Rights, there is growing debate regarding the scope of the human rights component.
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This includes providing a framework that complies with international guidelines and is aligned with your organization and leading you through the steps. 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 the Sustainable Development Goals (SDGs). However, the Conflict Mineral Regulation, which mandates supply chain due diligence for trade in certain minerals and metals from conflict-affected areas, serves as a useful guide in assessing the likely nature of the new Supply Chain Due Diligence Regulation. Firstly, the scope of the Conflict Mineral Regulation is narrow.

Third-party could be anything, such as distributors, suppliers, consultants, and even clients. Due diligence investigations can also be quite costly and therefore prohibitive to companies investing the time and capital to address forced labor supply chain issues.
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The EC initially presented a study on options for regulating due diligence requirements through the supply chain in February 2020, which highlighted that voluntary regimes across Europe had failed to change the way businesses managed their corporate governance responsibilities.

The OECD has established a five-step framework for due diligence in minerals supply chains. 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.

Supply chain partners are automatically segregated by whether or not they are plant touching licensees or not. Licensees are the only entities in the supply chain that can be fined, administratively held, suspended, revoked or even arrested due to noncompliance.

2020-10-15 · No matter the jurisdiction your business operates in, IntegrityRisk can support your supply chain due diligence needs as processes evolve. From ethical audits to maintaining your FCPA compliance program, get in touch to conquer all your risk challenges wherever your supply chain takes you. 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.

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).