Supply chain due diligence & human rights

Sustainability is about creating long-term value for all stakeholders by seizing opportunities and managing risks based on social, environmental, and economic factors. Understanding the risks of disruption in the value chain is becoming increasingly important in the current geopolitical environment.

This long-term value is determined not only in your own process, but in your entire value chain. Forvis Mazars can help your organisation identify and understand the opportunities and risks in your value chain and develop plans to manage them. This involves a wide range of issues, such as: human rights, diversity, living wages, climate change, availability of natural resources, water scarcity, pollution and unethical business practices in supply chains.

Wat is Supply Chain Due Diligence

Supply chain due diligence is the process by which companies identify, prevent, mitigate and account for their possible negative effects on people and the environment. This process covers the entire value chain; from the purchase of raw materials to the sale of your end product or service. It is therefore an essential part of responsible entrepreneurship and strategic decision-making.

Our approach – Six phases to responsible supply chain management

1. Drafting policy
   1. Development of policy that is in line with international standards and legislation.
   2. Gap analysis of existing processes and best practice recommendations.
   3. Development of supplier monitoring processes, including risk assessments and audit advice.
   4. Training of employees in Responsible Supply Chain principles and policy implementation.
2. Assessing impact
   1. Analysis of your supply chain to identify the most significant impact on people and the environment.
   2. Mapping of the chain from tier-1 to tier-N.
   3. Risk assessments based on external data and third-party analyses.
   4. Collection of scope 3 GHG emission data
3. Integrating findings
   1. Development of a tailor-made due diligence approach that mitigates risks and reduces impact.
   2. Integration of technology into your supply chain management, including risk detection dashboards and API links for internal systems.
4. Mitigation measures
   1. Design of remediation mechanisms based on impact analyses and supplier feedback.
   2. Uitgifte van supplier improvement plans via het platform.
   3. End-to-end support for suppliers to actually realize improvements.
5. Reporting
   1. Support in the preparation of human rights reports in accordance with legislation and international best practices, such as the UNGP Reporting Framework.
   2. Validation of data to ensure that reports are based on complete and reliable information.