To do this, they must identify supply chain risks, take action to prevent or mitigate those risks and, where appropriate, remediate. The cost of inaction is too great. New laws and increased public awareness are driving greater transparency and investors and consumers are holding companies to account.
Increase worker retention, reduce risk & innovate. Better conditions for workers leads to improved productivity and better business performance.
Long-term success requires alignment with changing expectations of business conduct. Purpose-driven companies outperform their counterparts, and investors are taking note.
Organisations must consider both reputational risk and corporate liability arising from international standards and national laws.
“I can hardly think of an issue which cannot be resolved without engaging business, which is why I am optimistic that if governments and businesses can join forces and work together we can well achieve a world free from modern slavery in our time. So, let us begin our work.”
Mr Eddy Sariaatmadja
Chairman of Emtek, Indonesia