With an estimated 40 million people in conditions of slavery in the world, companies face significant risk of human rights violations in their direct and in-direct supply chains. SYNE is developing an effective powerful supplier transparency and risk management platform that helps companies measure and improve social impact.
What We Do
Modern slavery legislations require businesses to report risks in their supply chain, which is an uphill task given the length and breadth of modern, global supply chains. Ironically, it is this complexity which allows modern slavery to occur and also facilitate. Social impacts of supply chains include, among many others, issues like forced labour, excessive working time, indigenous rights, corruption and conflict.
Environmental, Social, and Governance (ESG)
ESG concerns have become prevalent for consumers, regulators, and investors, making businesses actively engage with suppliers to ensure supply chains remain free of human rights violations at every stage. SYNE provides supplier assessments, data integrations and audit support for companies to identify risk hotspots and drive progress on ethical social impact initiatives.
Modern Slavery in Supply Chains
Labour issues are prominent in global supply chains and global businesses need to understand these so that they can root out modern slavery, forced labour and human trafficking. Supply chains are becoming increasingly complex and interconnected, making early identification of modern slavery important to avoid negative effects on businesses.
How We Do
SYNE has a unique approach providing rapid and accurate risk screening across all tiers of the supply chain. The detailed mapping exercise provides supply chain hot spots and allows specific issues within the supply chain to be targeted.
SYNE helps quantify spends listing all suppliers according to the amount spent and risk is characterised as a combination of risk-rating and spend. SYNE categorises spends, not on UNSPC, adhering to a unique categorisation for companies in all types of industries.
SYNE helps sort suppliers depending on their supply of goods or services. As per the legislations it is required to capture the suppliers in the entire supply chain, including the indirect suppliers occurring in the operations.
Understanding risk is another major area of focus and awareness about products or services coming from countries having track record of human rights violations or a high proportion of migrant workers is critical. SYNE maintains a Global Slavery Index so that this information is available internally.
Focussing on the suppliers in categories identified as most significant risk of modern slavery needs specific and detailed risk assessment. This could be as basic as sending suppliers questionnaire, requesting proofs or a detailed site-based audit for largest suppliers with potential risk. Questions will cover details about nature of workforce, policies or management systems of the suppliers.