What is CSR Risk Management?
Customers, governments and civil society organisations expect companies to do business with respect for people and planet. Internationally this is laid down in the OECD Guidelines for Multinational Enterprises. Companies are required to identify, prevent and reduce csr risks in their supply chain, both 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 nine steps:
1. Check current csr policies and activities;
2. Map your supply chain;
3. Identify (potential) csr risks;
4. Prioritise csr risks;
5. Determine involvement and action required;
6. Establish a plan of action with your chain partners;
7. Anchor the approach in internal business processes;
8. Monitor progress and evaluate;
9. Communicate policy and progress.