What is CSR Risk Management?
Customers, governments and civil society organisations expect that companies do business with respect for people and plant. Internationally this is laid down in the OECD Guidelines for Multinational Enterprises. Companies are demanded to identify, prevent and reduce CSR risks in their supply chain, upstream and downstream. This is also called 'due diligence' or 'CSR risk management'.
How to implement CSR risk management?
The CSR risk management roadmap consists of eight steps:
1. Check CSR policies & grievance mechanisms
2. Map your supply chain
3. Identify risks and perform a risk assessment
4. Prioritise risks
5. Take action & collaborate with supply chain partners to address risks
6. Integrate the approach in business processes
7. Monitor progress & evaluate
8. Communicate about policies, activities and progress