Despite more stringent regulations, and pressure from governments and consumers, more than half (58%) of suppliers said buyers rarely or never include responsible labour practices in contracts or agreements. What’s more, suppliers themselves aren’t prepared to eliminate poor practices further downstream. This is putting organisations at risk of non-compliance, loss of market share, and limiting procurement’s ability to add value to Environmental, Social and Governance (ESG) strategies.
Most suppliers have not implemented plans to identify and eliminate modern slavery (78%), unreasonable hours (78%), or below minimum wage pay (77%)
Read the full report to:
- Learn how gaining a 360-degree view of suppliers and subcontractors can help organisations to select suppliers responsibly and monitor their performance
- Understand how digital collaboration tools across the Source-to-Pay process can accelerate ESG progress
- Discover why enforcing ethical labour standards can
help to reduce non-compliance risk and drive meaningful
change across the supply chain