BSI Consumer, Retail & Food’s Post

🚀 Transforming Supply Chains for a Better Tomorrow Global supply chains, while vast, can sometimes conceal issues like human trafficking, child labour, and forced labour. Yet, this is our chance to lead with purpose and create meaningful change. Visionary companies are stepping up, transforming their supply chain practices to uncover and address hidden risks. By doing so, they are not only protecting vulnerable workers but also championing corporate responsibility and ESG commitments. Together, we can build a more ethical and sustainable future. Go beyond compliance. Elevate supply chain standards: https://bit.ly/3BySrfA #BSI #supplychain #humanrights #ESG #supplychainmanagement #corporateresponsibility #procurement

Prioritizing sustainable supply chain operations not only mitigates risk but also instills confidence in investors that ethical practices are in place.

🌍 There are 45.8 million modern slaves in operation today including 60% in supply chains. Understanding your biggest risk areas is crucial to supply chain sustainability. With the right processes and practices in place, you can tackle ethical issues and deliver the highest standards of human rights. Explore our insights into best practices for business leaders to navigate risks and opportunities: https://bit.ly/3BySrfA #BSIUK #supplychain #humanrights #ESG #supplychainmanagement #corporateresponsibility #procurement

45.8 million people are in modern slavery, with 60% linked to supply chains. Addressing human rights issues is crucial. Identifying and mitigating risks can protect vulnerable individuals. Explore our insights for business leaders: https://bit.ly/3BySrfA #BSI #HumanRights #SupplyChainEthics #ModernSlavery #SustainableBusiness #RiskManagement #CorporateEthics

Earlier this year the Canadian government enacted Bill S-211 to encourage Canadian businesses to enhance their Environmental, Social, and Governance (ESG) policies.   This legislation mandates that businesses meeting specific criteria annually report their efforts to prevent forced and child labour in their supply chains. With hefty fines and potential personal liability for directors and officers in cases of non-compliance, it's crucial for qualifying businesses to thoroughly review their practices and ensure they meet these new requirements. Join global supply chain experts Achilles Information Limited, Erika A. Carrasco and Renée Gilead on June 25 for a complimentary lunch and learn centered on the global wave of supply chain legislation, the connection to ESG principles and the risks and opportunities for Canadian businesses. https://lnkd.in/gzrSEhKb #SupplyChain #Sustainability #LegalInsights #BusinessRisk

Hidden risks exist within supply chains. Leading organizations are taking steps to strengthen their supply chain practices and address ethical issues including human trafficking, child and forced labour. Explore our insights to support organizations drive meaningful impact: https://bit.ly/3BySrfA #BSIUK #supplychain #humanrights #ESG #supplychainmanagement #corporateresponsibility #procurement

Looks like the United Nations, with over 400k suppliers, will embed sustainable procurement practices, focusing on social considerations like workers' rights and inclusion. This ensures that sustainability aligns with fairness and decent work. Exciting to see these efforts in action! #supplychain #procurement #risk #ethicalsourcing Check out more details here: https://lnkd.in/eXKKFeQV

Boards with direct responsibility for overseeing supply chains and ensuring transparency in sourcing practices should be aware that they can no longer simply pay fair value to “cleanse” goods of criminality. The judgment in R (World Uyghur Congress) v NCA places a greater responsibility on companies to conduct thorough due diligence on their supply chains, and challenges the traditional interpretation of the Proceeds of Crime Act 2002 (POCA), Ben Cooper and Meghan Millward outline the key takeaways from the ruling, and the practical steps boards can take: ✅ Supply chain due diligence 📋 Robust policy implementation 💪 Strengthening governance protocols 💻 Staff training 📊 Reporting The judgment reflects the evolving view of ESG risks within legal and corporate frameworks. Read the full article https://lnkd.in/e8mqVXk4 And catch up with our ESG in the Boardroom series here: https://lnkd.in/epw-F_Sz

🌏 𝗔𝗱𝗮𝗽𝘁𝗶𝗻𝗴 𝘁𝗼 𝗮 𝗡𝗲𝘄 𝗘𝗿𝗮 𝗼𝗳 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 🌱 The evolving regulatory environment is driving a paradigm shift in supply chain accountability. With frameworks like the EU Corporate Sustainability Due Diligence Directive (#CSDDD) and the EU Deforestation Regulation (#EUDR), along with similar initiatives in Canada and Australia, companies face increasing pressure to meet rigorous sustainability and compliance standards. 🌍 These regulations demand greater oversight, transparency, and ethical practices across global supply chains. McBride Corp. Mexico is here to guide businesses through these changes with tailored strategies for compliance and risk management. 💡 Connect with us today at https://lnkd.in/gg_nxYyJ or email us at contacto@mcbridecorp.com to lead your organization toward resilient and responsible supply chain practices. Together, we’ll shape a sustainable future. 🌟 #SupplyChain #ESGCompliance #SustainableBusiness #McBrideCorp 🌿

As mentioned in Preferred by Nature's post, wherever you are in your EUDR compliance journey, you can benefit from going over the latest on the matter from our experts.