FEATURE
credential management can reduce risk, save time and money and simplify the entire compliance process.
8.
CONSIDER YOUR SOCIAL IMPACT Put simply, social impact is the potential for
positive or negative impacts on wider society or individual people. All businesses create social impact through their supply chains, and in our ever more connected world, these impacts can be both local and global and present risks to businesses.
Social impact risks can occur across a range of issues including: health and safety; human rights and modern slavery; equality, diversity and inclusion of all; and positive impacts by providing decent employment and training opportunities.
Businesses should assess their business for risks related to these impact areas and ensure that if any negative impacts are found then steps are taken to address these. Some of these areas are covered by active legislation in the UK including the Equality Act 2010 and the Modern Slavery Act 2015.
Assessing and managing risk should be both an aspect of legal compliance for your business, but also a part of being an ethical and responsible business too.
9.
PREVENT BRIBERY AND CORRUPTION The Bribery Act will be 10 years old in June
2021, yet many companies are still unaware of their obligations around the prevention of bribery and corruption. Under the Bribery Act 2010, if you can’t prove that you have adequate procedures in place to combat corruption, you’re guilty of failing to prevent bribery and you can face unlimited fines.
The Ministry of Justice (MoJ) has published six principles for bribery prevention that are a useful focus for organisations of any size to follow for bribery prevention, these include: Proportionate procedures; Top-level commitment; Risk-assessment; Due- diligence (including training), and Monitoring and review.
10.
DON’T GO IT ALONE With an increasing number of issues to
get a measure of managing every aspect of supply chain risk management in-house can be a daunting task, especially when you are managing multiple contractors. It’s also unnecessary as help is freely available. For example, if you regularly hire contractors you can become a CHAS Client for absolutely no cost which gives you access to a database of contractors who meet a wide range of assessment criteria, including a growing number who have completed the new Common Assessment Standard, which is fast becoming the gold standard for prequalification in the construction industry. CHAS Clients also benefit from a number of other business services including contractor matching, contractor engagement and a risk management dashboard.
www.chas.co.uk twitter.com/TomorrowsHS 45
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