In order to effectively manage ethical risk in your supply chain, you must first identify where the risks lie.
The Sedex Risk Assessment Tool helps Sedex members to manage their supply chain data at a more sophisticated level, by offering enhanced risk mapping, benchmarking and reporting
What is the Sedex Risk Assessment Tool?
The Risk Assessment Tool, developed in partnership with global risk experts Maplecroft, enables you to assess the likelihood of an issue occurring within your supply chain. Each site of
employment is assigned a risk rating of Low, Medium, or High, helping you to identify which sites may need the most support.
The Risk Assessment Tool includes the following features:
- Reporting tool
- Risk scorecard
- Benchmarking tool
The risk score is calculated using inherent risk (based on country, product area, sector profile and site function) and management proficiency risk (based on data from the Self Assessment Questionnaire) – the combined overall risk is based on a combination of these two scores.
The Risk Assessment Tool draws on Maplecroft intelligence to deliver in-depth analysis. This intelligence covers hundreds of risk indices, using thousands of indicators. Maplecroft keeps abreast of the latest risk issues and this knowledge is fed back into the Risk Assessment Tool on a regular basis, ensuring that you have the most up to date risk scores.
What does the risk score mean?
The Risk Assessment Tool allows you to identify the likelihood of risk occurring in your supply chain – how you interpret that potential risk is down to you. The Tool will help you to understand where that potential risk is located so that you can engage with your sites/suppliers to mitigate the risk as effectively as possible.
For more information on our customised reporting services please contact your Account Manager.