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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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From Triangle to Tazreen: A Century of Lessons

From Triangle to Tazreen: A Century of Lessons | Sustainable Procurement News | Scoop.it
'From Triangle to Tazreen: A Century of Lessons' blog post by Francesca Rheannon.
EcoVadis's insight:

This interesting analysis from CSR Wire about the Tazreen tragedy highlights the failed control system and lack of supply chain monitoring (Walmart was not aware Tazreen was among its supplier base), combined with financial imperative (increased orders at year end) among the main causes that account for the tragic incidents.

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Wal-Mart's sourcing guidelines get tepid reception

Wal-Mart's sourcing guidelines get tepid reception | Sustainable Procurement News | Scoop.it
Updated sourcing guidelines released this week by Wal-Mart have received a tepid reception at best, with industry watchers warning they are sceptical as to whether the new rules will be fully enforced.
EcoVadis's insight:

Despite doubts raised over Walmart's actual enforcement of sustainable procurement strategy, it recently stated a zero tolerance policy for any unauthorised subcontracting of its merchandise starting from 1 March 2013.  After the Tazreen incident, will Walmart indeed implement stricter rules and how is it possible for a company of Walmart size and scope of operations?  Here is an other related article from the Huffington Post.

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