The Fraud Investigation & Dispute Services team at Ernst & Young has today (Tuesday) released research revealing that nearly half (48%) of British firms are failing to vet their suppliers for compliance with the UK Bribery Act, ...
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Latest news, trends, ideas on Sustainable / Responsible Procurement and Green Supply Chain from EcoVadis
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According to this recent E&Y study, less than half of firms sampled carry out third- party due diligence in their supply chain. Is it because of a lack of available ready-to-use solutions, lack of pressure from legal/compliance departments about potential sanctions and liabilities? The absence of a proactive approach from U.K. companies can also be explained by the lack of prosecution cases so far.