CONTINUOUS IMPROVEMENT
ownership structure as well as all the other carbon and ESG risks being considered . So one of the first things being focused on is understanding the ownership structure of the supply chain .
Informactia is using tools from Dun and Bradstreet , who have millions of company records . Leveraging that data can understand who the ultimate beneficiary owner is , which could be a politically exposed person or even a sanctioned person , which companies are looking to avoid . So step one is getting the foundation right , understanding which legal entity companies are doing business with .
The focus is shifting to include human rights and labour practices . “ What the EU is saying is , if your goods have been produced with child labour or forced labour , you will not be able to sell that product into the single EU market , which is brilliant in my opinion ,” Levent adds .
Under these new rules , the company now holds the responsibility for finding all this information and making sure they are working within the guidelines .
Procurement : Implementing and overseeing CSDDD Levent believes there needs to be a golden thread of responsibility . From the CEO , to the boots on the ground , companies need to know who are the accountable people for each level of the organisation .
“ We have a legal obligation to be lawful , and this is a piece of law that ’ s coming around our supply chain ,” Levent says .
“ Then it becomes , who is the most
knowledgeable person in our business to help us fix this ? Then of course it ’ s going to be either the Chief Procurement Officer or the Supply Chain Officer , and then really then understanding , how do we set them up for success ? What ’ s the investment that we need to make as part of that transformation across people , process , technology ? And that would be the way to go about fixing this properly .”
Forced labour remains a global concern , with various countries implementing initiatives to combat this issue . In the United States , for example , some public spaces like airport bathrooms display informational stickers with helpline numbers for
170 January 2025