CSR Risk Management
Our Risk Management Tool
The activities that are possible with our tool are simple to describe:
IDENTIFICATION AND ASSESSMENT OF RISKS
Companies are asked to reply to simple questions describing a specific supply chain configuration: Are your customers sensible on CSR related issues? Where are your suppliers located? How much you know them? Which kind of controls are you currently doing on your supply chain?
EVALUATION OF RESULTS
Based on the answers of the Assessment phase, the tool provides clear indications on:
The current level of risk: Where do we stand?
The level of risk that is achievable: Where can we get?
The management steps to be adopted: What shall I do?
Corrective actions start at the end of the assessment phase.
The tool allows to manage Risk Mitigation Activities, such as for example programmes for a better knowledge of the supplier, revision of existing contracts, implementation of better controls, certifications.
Prestigious companies in the most relevant countries of the EU Textile and Clothing sector have been involved in testing and in the practical application of the tool, also thanks to the direct involvement of the national social partners. Risk assessment reports per company have been provided and characterised for each one of the company involved.