Readiness | Risk Assessment | Deep Dive

Using use our digital tools in data analytics, we will assess your entire value chain for modern slavery risk. This includes categorising your supplier base in order to create a risk profile for each of your suppliers. It is then through our channel partners, we can conduct a supplier vertical mapping assessment and social audit. These tools help you to get greater clarity on what the real risks are at the source of production and extraction of raw materials.

Assessing Modern Slavery Risk

The Modern Slavery Act 2018 (Cth) expects organisations to have a clear understanding of where the risks of modern slavery may lie in their entire value chain. Utilising our risk assessment tool, we enable you to understand the risk of modern slavery in your supply chain and operations. We do this through our modern slavery risk matrix. This matrix includes the integration of country and category risk based on a UNSPSC taxonomy.

Direct Supplier Categorisation and Risk Matrix

The first step in the modern slavery risk assessment is to map the direct suppliers in your supply chain by geography, product and spend. At Unchained, we categorise suppliers using the UNSPSC taxonomy. We then deploy our risk matrix to assess modern slavery risk by country and category. With the foundational understanding of where the risks lie among your suppliers, we can help you establish a framework to go deeper in risk management towards the sources of production and beyond.

Deep Dive Supplier Risk Assessment & Social Audit

Selecting the suppliers with the highest risk of modern slavery, we then conduct a deep dive risk assessment to understand what the real risks are, something that a theoretical and algorithmic assessment can only point. Through a channel partner Trace SCI, we can conduct a Traceability and Transparency process where we vertically map the products you use down to the production level. This process is designed to shorten the supply chain, improve quality and efficiency, and reduce monetary leakage.

The process will also give insight into the specifics and context of where the real risks lie. This process is complemented with a social audit conducted by QIMA that will provide ongoing monitoring and reporting.

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