Questions may now be configured to align with regulations across multiple jurisdictions
LONDON, U.K., Jan. 11, 2024 – In a significant move to combat modern slavery in global supply chains, Ethixbase360 has rebranded and expanded its market-leading Modern Slavery Questionnaire. The newly named Modern Slavery Supply Chain Risk Assessment Questionnaire now includes coverage of additional regulatory regions, including Canada, and is already utilized by numerous companies across various countries to comply with mandated Modern Slavery and Human Rights reporting obligations – such as the Australian Modern Slavery Act and German Supply Chain Due Diligence Act.
Ethixbase360’s release follows the enactment of Canada’s Bill S-211, “Fighting Against Forced Labour and Child Labour in Supply Chains Act,” which mandates annual reports from public and private entities on their due diligence programs. This act, affecting entities listed on Canada’s stock exchange or those with a business presence in the country, underscores the growing global commitment to eradicating forced labor and child labor in supply chains.
As multinational corporations (MNCs) face increased reporting obligations concerning modern slavery, human rights, and forced labor across different regulatory frameworks, the Modern Slavery Supply Chain Risk Assessment Questionnaire provides a comprehensive solution. Ethixbase360, using Norton Rose Fulbright’s specialist expertise, launched a Modern Slavery Supply Chain Risk Assessment Questionnaire for third parties, which supports clients in navigating the unique regulations of multiple jurisdictions, while acknowledging common threats globally recognized in this field. The International Labour Organization reports that over 50 million people were in modern slavery in 2021, a significant increase from 40 million in 2016, emphasizing the need for such robust measures.
The expanded questionnaire is a crucial instrument MNCs to assess the risk of modern slavery within their complex and interconnected supply chains. Integrated into Ethixbase360’s supplier platform, this tool empowers suppliers to complete and submit assigned compliance tasks through a secure portal.
Ethixbase360’s Third Party Risk Management platform offers a holistic approach to identifying, managing, and reporting modern slavery and forced labor risks. The updated Modern Slavery Supply Chain Risk Assessment Questionnaire features:
- An adaptive questionnaire and scoring algorithm to reflect evolving risk levels and emerging regulations.
- Configurable content to meet specific client needs and regulatory exposures.
- A user-friendly supplier platform designed for efficient risk identification and high response rates.
- Comprehensive risk management capabilities on the leading Ethixbase360 platform, including automated due diligence responses based on identified risk types and levels.
With these capabilities, Ethixbase360 reaffirms its commitment to aiding organizations in meeting their modern slavery, human rights, and forced labor reporting obligations across all jurisdictions in which they operate.
“Casting light on the shadows of human rights violations, particularly modern slavery, is not just a corporate responsibility, but a global moral imperative. Our mission goes beyond mere compliance; it’s about safeguarding the vulnerable and ensuring that this profound issue does not lurk unseen within supply chains.” – Peter Sweetbaum, Chief Executive Officer for Ethixbase360.
“While modern slavery might be known by various names across different countries, each describes serious exploitation of people, resulting in loss of freedom. We are committed to ensuring that organizations have the tools available to identify, manage and report upon the risk that they are linked to human rights impacts in their supply chains. It is a fundamental part of acting sustainability and ethically.” – Abigail McGregor, Partner, at Norton Rose Fulbright.
For more information about the Modern Slavery Supply Chain Risk Assessment Questionnaire and Ethixbase360’s suite of solutions, please visit www.ethixbase360.com.
In 2020 Ethixbase360, using Norton Rose Fulbright’s specialist expertise, launched a Modern Slavery Supply Chain Risk Assessment Questionnaire for corporates seeking to comply with global Modern Slavery laws. The questionnaire assists organizations to identify, manage and report upon modern slavery risk in their supply chains. Delivered via the Ethixbase360 Third Party Risk Management platform, the questionnaire developed by Norton Rose Fulbright using its global expertise, offers a risk rating to assist organizations to manage their modern slavery reporting obligations across multiple jurisdictions.