hrdd in your supply chain
All you need to know about Human rights due diligence
Human rights due diligence (HRDD) in own operations and supply chains is a topic becoming more and more important. We have gathered all our resources on human rights due diligence, such as guides, webinar and blog posts - so you can deepen your knowledge.
getting started with hrdd
What is human rights due diligence?
Human rights due diligence (HRDD) is a risk management process for businesses. You as a business can implement HRDD to identify and respond to actual and potential negative impacts within your own operations and supply chain.
Why is HRDD important
To be able to prevent reputational and relationship risks, while complying with regulations and standards. By implementing human rights due diligence, you can also become a leader and drive change.
How to comply
Develop a process that assesses and identifies the most severe and potential risks in your own operations and supply chain. Collect, analyze, and break down your organization's performance, which can be done easily in Worldfavor.
This is where you’ll find the answers to the most frequently asked questions about how to get started working with human rights due diligence and how Worldfavor can help you do it easily.
Why do businesses need to work with human rights?
The need for businesses to work with human rights is only increasing. At the same time as new legal requirements on businesses evolve, even customers' and investors’ demands on companies are rising. This means that whether your company is legally required to do so or not, it's not an option to not work with human rights given the reputational damage for those who don't.
How to implement the OECD due diligence procedure?
1. Develop, implement, and communicate a policy on Human Rights Due Diligence
2. Set up a process that assesses and identifies the most severe risks within operations, suppliers, and business relationships.
3. Take action on the most serious risks and develop a plan to desist, prevent and mitigate risks
4. Track the implementation and its results to evaluate how effective the due diligence procedures where
5. Communicate Human Rights Due Diligence procedures, risks and activities, as well as findings, to stakeholders
6. Collaborate with other parties to enable positive change
How can Worldfavor help you work with HRDD?
Setting up your Human Rights Due Diligence procedure can easily be done in Worldfavor. We can help you systemize and automize your OECD-align risk assessment, which will allow you to monitor risks more accurately, faster, and according to current and upcoming legislation.
Why choose Worldfavor when working with HRDD?
Through the platform you get access to automated data collection and risk assessment to help you prioritize risks. You can assure that the OECD Due Diligence guidelines are complied with and receive an overview of your human rights risks results.
How can Worldfavor assist in risk assessment?
Our platform allows suppliers to share their information once and make it available to all its customers, making the process of sharing and accessing sustainability data much easier.
For you in procurement, Worldfavor’s risk assessment allows you to detect which level of country risk of human rights your suppliers have. Worldfavor also helps you collect data from your suppliers to find out what policies and processes they have in place to mitigate risks, which helps you determent which suppliers you should put extra focus on and where action is required.
Does it cost for suppliers to report information?
No, it's completely free. With our Transparency solution you can invite your suppliers to report their data to you, it's always free for them - making it as easy as possible. When suppliers can reuse answers and are given access to their own dashboards to track progress, we ensure they gain value from reporting quality data, which you have access to.
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What is sustainability reporting?
Sustainability Reporting is a way to disclose sustainability data which businesses conduct to improve their transparency and visibility, with the purpose to develop a framework for action and legal requirements. A Sustainability Report consists of the environmental, social and economic (ESG) impacts caused by a company's activities.