Holistic approach needed to tackle supply chain slavery and ...
Firms are increasingly focusing on ensuring environmental, social, and governance (ESG) compliance in their supply chains to support the transition to renewable energy and combat modern slavery. The evolving supply chain landscape is reshaping business operations globally. Clayton Utz special counsel Trina Storm emphasizes the need for leadership, internal responsibility, and external transparency to meet ethical and environmental expectations. Due diligence, engagement with suppliers, and independent verification are crucial in addressing modern slavery risks and meeting ESG goals. A comprehensive understanding of the entire supply chain is necessary for effective ESG implementation.
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Frequently Asked Questions
What is the holistic approach needed to tackle supply chain slavery?
A holistic approach to tackling supply chain slavery involves:
- Addressing modern slavery risks in government supply chains
- Implementing systems to address child labor risks
- Taking steps to tackle modern slavery in supply chains
- Being transparent about sustainable and responsible sourcing
Why is a holistic approach crucial for companies and governments?
A holistic approach is crucial for companies and governments because it helps to mitigate the risk of slavery in their supply chains. By addressing modern slavery risks, implementing systems to address child labor risks, and being transparent about sustainable and responsible sourcing, companies and governments can ensure ethical practices and protect human rights.
Where can I find more specific frequently asked questions and answers?
For more specific frequently asked questions and answers, you may need to conduct a more targeted search or refer to other reliable sources on the topic.