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Modern Slavery Risk Assessment
Identify, manage, and report on the risk of modern slavery and forced labor in your global supply chain
RISK AREA: MODERN SLAVERY & Forced labor
Manage Modern Slavery reporting obligations across multiple jurisdictions with Ethixbase360
In 2020, Ethixbase360 with subject matter input from Norton Rose Fulbright’s dedicated international human rights team launched a Modern Slavery Supply Chain Risk Assessment Questionnaire for organizations seeking to comply with global modern slavery laws. The questionnaire assists organizations to identify, manage and report upon modern slavery risks in their supply chains, offering a risk rating to assist them in managing their modern slavery reporting obligations across multiple jurisdictions and plan programs to respond to the risks identified. Delivered via the Ethixbase360 Third-Party Risk Management platform, the questionnaire was developed by Norton Rose Fulbright lawyers with extensive experience in human rights and related environmental, social and governance (ESG) issues.
Reporting
Support mandated reporting requirements in multiple jurisdictions with Ethixbase360’s analytics dashboards. An intuitive interface
delivers critical data that builds a real-time picture of your supply chain’s modern slavery risk exposure. Ease of use, configurability, and centralized data facilitate visibility and clarity on key modern slavery matters so that you can gain an accurate picture of your exposure and track progression over time.
Risk Assessment
Our Modern Slavery Supply Chain Risk Assessment Questionnaire, which applies know-how developed by Norton Rose Fulbright, can assist you in complying with global Modern Slavery laws. The questionnaire helps to identify, manage and report upon modern slavery risk across your supply chain, offering a risk rating to assist you to manage your modern slavery reporting obligations, design a risk prevention and remediation program and track progression over time.
Risk Profile and Escalations
All supplier information and activity is saved within the Ethixbase360 third-party risk management platform for full reporting and to give you the ability to leverage risk-based escalation and engagement tools. Supplier responses are tracked year on year at the supplier and supply chain level to ensure your business is kept up to date with latest risk profile to support mandated annual reporting.
Ongoing Management and Monitoring
As international regulations surrounding modern slavery, forced labor, and human rights increase, maintaining visibility into your third-party network and keeping pace with changes is a must. The Ethixbase360 Modern Slavery Supply Chain Risk Assessment Questionnaire is updated regularly to support the latest legislation and keep pace with emerging risks. Your third parties can be saved via the Ethixbase360 platform for ongoing monitoring against key sanctions, or adverse media and political exposure so you can take swift action should the need arise.
Annual Progression
Your risk profile can change year on year.
Has your risk profile changed? Identifying and managing third party supplier risk isn’t a one-time proposition, if your organization has experienced change in the past 12 months your risk profile may have changed. It is important to revisit your high-risk supplier’s responses at least annually.
Capabilities
Questionnaires
Engage third parties directly with easy-to-complete, responsive questionnaires with market leading response rates.
Risk Based Due Diligence
Where risk is identified trigger a proportionate response, from screening & monitoring, to discreet analysis or direct collaboration to elevate standards
E-Learning
Raise awareness and enhance standards with our purpose built third party e-learning. Delivered by our LMS or yours
MODERN SLAVERY & HUMAN RIGHTS - ADVISORY SERVICES
As a global leader in the area of business human rights, Norton Rose Fulbright are well placed to provide pragmatic advice on compliance and best practice in managing human rights including modern slavery risk.
● Designing and Implementing a customized human rights/modern slavery management framework.
● Advising on Modern Slavery Reporting Requirements
● Settling your modern slavery statement to ensure compliance
● Developing human rights/modern slavery policies and procedures, including procurement processes and supplier terms
● Developing strategies to address identified risks
● Analyzing the results of your risk assessment
Case Studies
Ethixbase360 with subject matter input from Norton Rose Fulbright’s dedicated international human rights team launched a Modern Slavery Supply Chain Risk Assessment Questionnaire for organizations seeking to comply with global modern slavery laws. The questionnaire assists organizations to identify, manage and report upon modern slavery risks in their supply chains, offering a risk rating to assist them in managing their modern slavery reporting obligations across multiple jurisdictions and plan programs to respond to the risks identified.
Delivered via the Ethixbase360 Third-Party Risk Management platform, the questionnaire was developed by Norton Rose Fulbright lawyers with extensive experience in human rights and related environmental, social and governance (ESG) issues. Drawing upon Ethixbase360 and Norton Rose Fulbright’s global reach, the Modern Slavery Supply Chain Risk Assessment Questionnaire, initially conceived to address mandatory reporting under the Australian Modern Slavery Act has since been updated specifically in response to the German Act on Corporate Due Diligence Obligations in Supply Chains and the Canadian Fighting Against Forced Labour and Child Labour in Supply Chains Act to support organizations with their obligations in multiple jurisdictions.
Resources
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