Sustainable Procurement News
Latest news, trends, ideas on Sustainable / Responsible Procurement and Green Supply Chain from EcoVadis
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Samsung raided in political corruption probe - BBC News

Samsung raided in political corruption probe - BBC News | Sustainable Procurement News | Scoop.it
In this latest twist of the scandal that's been rocking South Korea for weeks, prosecutors are investigating allegations that Samsung might have provided €2.8m euros ($3.1m, £2.5m) to a company co-owned by Ms Choi and her daughter, to bankroll the daughter's equestrian training in Germany.
EcoVadis's insight:

Allegations of this type can create damage to your company's image; how are you protecting your brand?

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Telenor initiates anti-corruption training after audit 

Telenor initiates anti-corruption training after audit  | Sustainable Procurement News | Scoop.it

Telenor launched a series of training programmes in Myanmar to strengthen anti-corruption efforts throughout its supply chain.
The move comes after an internal audit by Telenor Group uncovered three cases of breaches of internal guidelines. The company, which reported two of the cases in April, said all three incidents are being handled internally or are under investigation by the local governments.

EcoVadis's insight:

Great to see one of our clients continuously fighting corruption in its supply chain.

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Lutte contre la corruption : entreprises, toutes concernées ?

Lutte contre la corruption : entreprises, toutes concernées ? | Sustainable Procurement News | Scoop.it
La Loi Sapin 2, relative à la transparence, à la lutte contre la corruption et à la modernisation de la vie économique, a été promulguée le 9 décembre 2016. Avec cette loi, la France se positionne désormais au niveau des standards internationaux les plus élevés en matière de lutte contre la corruption.
EcoVadis's insight:

Plus de 1 600 entreprises sont potentiellement concernées par cette loi en France. Que faites vous pour être aux normes ?

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Only half of British businesses vet suppliers for UK Bribery Act compliance

Only half of British businesses vet suppliers for UK Bribery Act compliance | Sustainable Procurement News | Scoop.it

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, ...

EcoVadis's insight:

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.

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