ESG due diligence in agricultural supply chains: How businesses can prepare for the future
Mandatory human rights due diligence is a fairly new concept in the agricultural industry. Only in recent years have governments started to implement and enforce regulations and sanctions around human rights in agricultural supply chains. With import shipments now being detained in the US, companies are faced with not only reputational, but financial damage as well.
Where companies have had to invest heavily in KYC – Know Your Customer, regulators, through their actions, are now telling companies to KYS – Know Your Supplier. Companies need to have a more robust responsible sourcing management program in place to have visibility and know their suppliers. This is the foundation for determining which producers need more rigorous follow-up.
Please join ELEVATE’s Meghan Quinlan and Suzanne van Huijgevoort on July 21st for a 45-minute webinar, where they will share insights on how businesses can ensure policy pressure delivers improved labor practices and better outcomes for agricultural workers, including answering some important questions:
- What are some global trends we are seeing in agricultural supply chains?
- How are businesses addressing the shift from reputational risk to financial risk?
- What are the respective responsibilities of the various stakeholders in the agricultural supply chain?
- What are the challenges to reporting on worker safety and well-being?
- What role does shareholder activism and the increasingly values-driven consumer play in creating positive pressure?
