- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Ruth Prickett2024-02-29T13:21:00
Does your business need a human rights policy? An increasing number of organizations believe they do, according to Gartner.
The trend prompted the research firm to publish seven questions for compliance directors to consider to identify whether their company needs such a policy.
Organizations have human rights obligations regardless of whether they have an explicit policy. Common issues include discrimination, child labor, failing to provide maternity leave, or not paying a living wage. Corporate pollution, use of hazardous materials, and environmental damage affect employees and local people. Human trafficking and modern slavery cases highlight the need for vigilance and transparency.
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The European Union announced an agreement to ban products made with forced labor, a decision that will oblige organizations to track and declare more information about their supply chains for goods entering EU markets.
James Levey, compliance director at global recruitment agency ManpowerGroup, discusses with Compliance Week his focus on preparing the group’s European operations to gather the data required for compliance with the EU’s Corporate Sustainability Reporting Directive.
Companies could be in danger of failing to comply with a raft of social responsibility-minded legislation at the European Union and national level because they might mistakenly think duties on corporates overlap when they do not.
The U.S. Department of Commerce unveiled a diagnostic supply chain risk assessment tool, which will “utilize a comprehensive set of indicators to assess structural supply chain risk across the U.S. economy,” the agency said.
Companies will need to tighten up how they monitor their supply chains after a recent U.K. ruling determined that corporates could be open to money laundering charges if they fail to act in cases where they believe there is a risk of forced labor.
A U.S. Senate report found three European automakers—Volkswagen, BMW, and Jaguar Land Rover—sold cars in the United States with parts sourced from a supplier suspected of using forced labor from China’s Xinjiang region.
