Due diligence for ESG risks in responsible supply chains
Modern supply chains are complex, fragmented and rely on a large number of suppliers and intermediaries from all parts of the world. Relevant supply chain due diligence challenges include lack of transparency due to inconsistent or missing data, fraudulent data, lack of interoperability of data systems between actors, time consuming paper-based processes, limited information on product traceability, and lack of financing for due diligence activities.
At the same time, customers, regulators, investors, and other businesses, are increasingly demanding access to more accurate information on the origin and journey of products they purchase, as well as the conditions under which those products are manufactured/produced.
How to provide customers and consumers with reliable information regarding the exposure to risks of adverse impacts in the factories down the supply chain caused by issues related social responsibility aspects: human rights and labour conditions, health and safety, environment and business ethics?
How to provide investors with reliable and verified non-financial information regarding the ESG (Environmental, Social, Governance) risks in compliance with the Directive 2014/95/EU requirements ?
Get It Fair is a third party Due Diligence scheme referred to international guidelines and standards designed to provide buyers and consumers with reliable and verified information regarding the social responsibility aspects and the ESG risks down the supply chains.
GET IF FAIR IS UNIVERSALLY APPLICABLE TO ALL TYPES OF ORGANIZATIONS
REGARDLESS OF THEIR SECTOR, SIZE AND LOCATION
The main features of Get It Fair scheme are:
- Voluntary: to create a stimulus to voluntary application
- Factory focused: to create link between the production unit and the certificate
- Reference to international standards: OCED Guidelines and ISO 26000
- Holistic view: to take into account all the Social Responsibility aspects
- Risk oriented: to evaluate the exposure of a factory to adverse impacts
- Scoring metric: to facilitate improvement and benchmarking
- Transparency: to provide all the interested parties with transparent information
- Impartiality: to allow the application to each organization
- Confidentiality: to ensure that all information, identified as confidential are kept so
- Surveillance: to monitor the effective implementation at least twice a year