Whether your organisation wants to meet Environmental, Social & Governance standards to satisfy investor pressure or establish a Corporate Social Responsibility programme to meet consumer expectations, one fact remains the same: Addressing forced labour risk falls squarely in the ‘Social‘ realm in any organisation’s ESG or CSR efforts.
Beyond the terrible impact that forced labour has on individuals and society as a whole, evidence of forced labour within an organisation‘s operations or its supply chain can result in a PR disaster that can damage an organisation’s reputation and its brand value. As the saying goes, the best defence is a good offense. Organisations that actively protect against illicit activities in their supply chains generate trust and confidence among investors and consumers, ensuring they are better positioned for ethical performance and sustainable growth.
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