Modern Slavery Questionnaire - Fighting Modern Slavery in Your Supply Chain
ethiXbase has launched a Modern Slavery Questionnaire in collaboration with global law firm Norton Rose Fulbright, to help you identify, mitigate and manage modern slavery risk in your supply chain. Take the next step and get in touch today to help end modern slavery.
The Modern Slavery Supply Chain Risk Assessment Questionnaire brings together the human rights expertise of Norton Rose Fulbright, a global law firm*, with the ethiXbase 360 powerful Third-Party Risk Management Platform to help your business identify, mitigate, and manage modern slavery risk and human rights abuses across your supply and manufacturing chains.
Assessing Modern Slavery Risk in Your Supply Chain
According to the International Labour Organisation (ILO), at any given time an estimated 40.3 million people globally are in modern slavery, which includes 24.9 million in forced labour. In recognition of this reality many governments across the globe have adopted, or are in the process of adopting, Modern Slavery reporting requirements which require organisations to report publicly on the steps they are taking to combat slavery and human trafficking in their supply chains. The effect of this reporting requirement is that companies will need to examine their supply chains to identify whether there is a risk of modern slavery occurring, before they can report on the steps they are undertaking to combat modern slavery.
To aid corporates to satisfy these reporting requirements and assess Modern Slavery risk within their supply chains, ethiXbase has collaborated with a global law firm* Norton Rose Fulbright to develop our Modern Slavery Questionnaire – a supply chain risk assessment which combines a questionnaire and risk computations for third parties to help businesses identify the potential for human rights abuses across their supply and manufacturing chains.
The Modern Slavery Questionnaire, which applies know-how developed by Norton Rose Fulbright using their global expertise, focuses on a critical area of reputational and increasingly legal risk and is offered via the ethiXbase 360 Third-Party Risk Management Platform and is an integral component of the ethiXbase Human Rights Module.
If you would like to know how ethiXbase can help to assess modern slavery risk within your supply chain and learn how the Modern Slavery Questionnaire can help your business, reach out to us for a consultative discussion.
The Modern Slavery Questionnaire applies a weighted equation (including jurisdictional, industry and contractual risk factors) to identify, across the entire supplier database, salient areas of concern.
To do so, the questionnaire relies on a variety of normalised data sources ranging from political and economic country risk to the Walk Free Foundation’s Global Slavery Index, measuring the suppliers risk profile via a direct automated questionnaire administered to third-party suppliers and hosted online.
Benefits for Users
Effectively maps supply
chain and identifies potential
modern slavery risks
onboarding to create a singular view of the supply chain
Analytics dashboard providing a real-time picture of your supply chain
Opportunity to leverage automated workflows to save up to 80% of admin time in the administration and management supplier responses
Enables board reporting in relation to supply chain risks and the impact of strategies to manage that risk
Risk ratings based on
and global data
Key Indicators to Assess Modern Slavery Risk
The Modern Slavery Questionnaire will be offered via the ethiXbase 360 Third-Party Risk Management Platform and is an integral component of the ethiXbase Human Rights Module, which has been designed to help organisations identify and act on human rights risks within in their supply chain.
Other components of the ethiXbase Human Rights Module include:
- Advanced Perceived Risk Assessment
- Risk-Based Due Diligence
- Policy and Code Management
- Third-Party Training
Modern Slavery - News & Resources
The European Union will seek to increase police cooperation, target human trafficking and establish new rules to counter money laundering, according to plans detailed by …
A group of 56 big investors with £7tn in assets is calling on UK-listed companies in the construction and materials industry to check for modern …
Reports of sexual and criminal exploitation have risen alarmingly during the pandemic, according to new data measuring the scale of modern slavery and trafficking in …