Risk Identification and Management Audits

Overview

The ability to thoroughly assess sourcing risks in new and existing supply chains is critical to business success. UL offers risk research services informed by onsite engagements as well as management systems assessments that help companies evaluate, prioritize and mitigate critical issues. We provide essential, actionable information that helps enable businesses to make sound sourcing and audit program decisions.

Definition

UL's risk identification and management assessments assess risks by location, product or a company’s specific supply chain to provide clients with information about social and environmental risks that could influence sourcing and audit program decisions.

Benefits

UL provides on-the-ground verification of social and environmental policies and practices informed by social compliance management systems guidelines of the Global Social Compliance Programme (GSCP) and the customer’s own supplier standards. Our due diligence assessments dig deep and clearly identify the strengths and weaknesses of a supplier’s social responsibility program.

Desktop-based risk research can be enhanced through targeted field research and engagement with local stakeholders on the ground to provide additional insights and intelligence on sourcing risk.

 


DELIVERABLES


PRODUCTS THIS SERVICE APPLIES TO

Apparel, textiles, dietary supplements, electronics, electrical products, food and beverages, footwear, leather goods, general consumer merchandise, health and beauty care, household chemicals, jewelry, watches, OTC/pharmaceuticals, premiums and promotional, store brands/private label, toys, nursery and children's products

APPLICABLE STANDARDS

Conformity Certification for the Responsible Jewellery Council (RJC) Promotes responsible and ethical human rights, social and environmental practices in a transparent and accountable manner throughout the jewelry industry from mine to retail
Global Social Compliance Programme (GSCP) Provides a global, cross-industry platform to promote the exchange of knowledge and best practices in order to build comparability and transparency among existing social and environmental compliance systems
Business Social Compliance Initiative (BSCI) Business-led initiative that provides a common code of conduct and supports efforts toward building an ethical supply chain by providing a step-by-step, development-oriented system applicable to all sectors and all sourcing countries
Sedex A database designed to capture audit data and allow audited sites to interact with other members of the supply chain to show updates on efforts toward corrective action

 

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