From calculating supplier risk and analyzing company spend to informing financial forecasting and measuring business impact, procurement has always been a key driver of enterprise resilience. Today, however, procurement teams have an even greater remit: bringing visibility to socially responsible sourcing practices.
Of particular importance are human rights-based compliance practices. Many regions, including California, the United Kingdom, and Australia, already require reporting on ethical supply chain practices to guard against what’s known as “modern slavery": the exploitation of people for commercial gain through trafficking, child labor, debt bondage, or other means.
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EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.
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