New ESG Social Desktop Audit reduces dependence on universal onsite audits and helps safeguard against social injustice risks such as forced and child labor
Avetta®, the leading provider of supply chain risk management (SCRM) software, today announced the Avetta ESG Social Desktop Audit. This new, comprehensive digital assessment tool within the AI-powered Avetta One platform helps hiring clients quickly identify, manage and mitigate social responsibility risks—including forced labor, child labor and unsafe labor practices—in their supply chains. At the same time, it equips suppliers and contractors to accelerate their environmental, social and governance (ESG) maturity and demonstrate a commitment to responsible business operations that go beyond mere compliance.
The urgency for robust social risk management has never been greater: An estimated 28 million people worldwide—including more than 3 million children—are subjected to forced labor, while hundreds of millions more are working under potentially unsafe or unhealthy conditions.
Addressing this crisis within supply chains typically starts with costly, time-consuming onsite audits. However, evolving regulations are bringing far more suppliers and contractors into scope, making universal onsite audits unfeasible and uneconomical at scale, plus not all supplier and contractor risk levels necessitate this intensive level of review.
To solve this challenge, Avetta’s ESG Social Desktop Audit delivers a best-in-class digital “desktop” approach within the Avetta SaaS platform that eliminates the need for universal onsite audits while still providing assurance that operations are aligned with global best practices for protecting against social injustices in the workforce.
“Our goal is to help our customers move beyond simple, lagging indicators of compliance to not only reduce key supply chain risks but also make lasting positive impact in the world,” said Katie Martin, Director, Sustainability and Innovation at Avetta. “Our new ESG Social Desktop Audit is designed to eliminate the blind spots of traditional, slow-moving audits, allowing customers to more quickly achieve proactive assurance and truly safeguard the human rights of every worker in modern supply chains.”
The ESG Social Desktop Audit ensures due diligence by requiring suppliers and contractors to respond to questions and provide documentation across a variety of key areas:
- Modern slavery policy and controls
- Supply chain risk and transparency
- Labor policies and practices
- Supplier audits and assessments
- Training and awareness
- Remediation practices
Avetta’s trained ESG auditors, part of the company’s Risk Advisory practice, then assess and rate supplier and contractor readiness against industry-leading standards. Suppliers and contractors that fall short receive specific, actionable feedback and guidance to help improve their ESG maturity and better protect against social risks.
“The growing regulatory scope and shifting economic realities require firms to enhance transparency and visibility across the supply chain,” said Elisa Molero, Senior Analyst at Verdantix. “This requires scalable digital assurance mechanisms to maintain visibility across the supply chain network and safeguard operations against social risks such as forced and child labor.”
To learn more, visit www.avetta.com.
About Avetta
The Avetta SaaS platform helps clients manage supply chain risk and their suppliers become more qualified for jobs. For hiring clients, we offer the world’s largest supply chain risk management network to manage supplier safety, sustainability, worker competency and performance. We perform contractor prequalification and worker competency management across major industries all over the globe, including construction, energy, facilities, high tech, manufacturing, mining and telecom.
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Contacts
Media Contact
Aaron Searle
aaron.searle@avetta.com