With an overwhelming number of new legislations, it has become essential for companies to adopt human rights and environmental strategies from voluntary business-led initiatives to mandatory environmental and human rights due diligence in supply chains.
Building your due diligence framework requires a robust risk-based approach considering different requirements, material issues and the entire value chain. Mandatory due diligence can focus on human rights exclusively, include environment, focus on climate change or forced labor, or aim to increase traceability of products or commodities.
Mandatory due diligence is about creating a level-playing field, driving accountability, salient risks, providing remedy and public disclosure.
Building and maintaining your due diligence strategy is key in identifying, mitigating, preventing and managing risk. Mandatory due diligence extends the scope deep into your supply chain, from tracking raw materials from the source to reaching retail shelves.
To stay ahead of mandatory due diligence, it is important to engage with stakeholders and rights holders and understand the linkages between human rights, the environment and governance.
QIMA supports you in this journey, whether if you are starting out or are looking for support on a specific due diligence activity.
Contact us to discover how we can help your business meet the increasing ESG and due diligence requirements.
Ensuring compliance and due diligence takes continuous effort and can only be done by working collaboratively. QIMA participates in the United Nations Global Compact initiative and partners with key industry players to work towards safe and transparent supply chains.
Learn more about Environmental and Human Rights Due Diligence