All you need to know about Human rights due diligence

The need for businesses to work with human rights is only increasing. At the same time as new legal requirements on businesses evolve, even customers' and investors’ demands on companies are rising. This means that whether your company is legally required to do so or not, it's not an option to not work with human rights given the reputational damage for those who don't. 

1. Develop, implement, and communicate a policy on Human Rights Due Diligence

2. Set up a process that assesses and identifies the most severe risks within operations, suppliers, and business relationships.

3. Take action on the most serious risks and develop a plan to desist, prevent and mitigate risks

4. Track the implementation and its results to evaluate how effective the due diligence procedures​ where 

5. Communicate Human Rights Due Diligence procedures, risks and activities, as well as findings, to stakeholders​

6. Collaborate with other parties to enable positive change 

Setting up your Human Rights Due Diligence procedure can easily be done in Worldfavor. We can help you systemize and automize your OECD-align risk assessment, which will allow you to monitor risks more accurately, faster, and according to current and upcoming legislation.

Through the platform you get access to automated data collection and risk assessment to help you prioritize risks. You can assure that the OECD Due Diligence guidelines are complied with and receive an overview of your human rights risks results.

Our platform allows suppliers to share their information once and make it available to all its customers, making the process of sharing and accessing sustainability data much easier. 

For you in procurement, Worldfavor’s risk assessment allows you to detect which level of country risk of human rights your suppliers have. Worldfavor also helps you collect data from your suppliers to find out what policies and processes they have in place to mitigate risks, which helps you determent which suppliers you should put extra focus on and where action is required. 

No, it's completely free. With our Transparency solution you can invite your suppliers to report their data to you, it's always free for them - making it as easy as possible. When suppliers can reuse answers and are given access to their own dashboards to track progress, we ensure they gain value from reporting quality data, which you have access to.