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The law additionally gives civil society organisations the ability to sue companies on behalf of workers over breaches of human rights in supply chains. Companies that fail to respect the terms of the law can face fines of up to two percent of the company's annual revenues. [3]
In addition to the traditional environmental 'green' sustainability concerns, business ethics practices have expanded to include social sustainability. Social sustainability focuses on issues related to human capital in the business supply chain, such as worker's rights, working conditions, child labor, and human trafficking. [211]
The Ethical Supply Chain Program, is the ethical manufacturing program for the manufacturing industry. [3] The Ethical Supply Chain Program (ESCP) is the most widespread labor and social standard, applicable to all manufacturing industries. The program is based on the ICTI Code of Business Practices. It is estimated that 70% of global toy sales ...
Global supply-chain governance (SCG) is a term that originated around the mid-2000. [1] It is a governing system of rules, structures and institutions that guide, control, and lead supply chains, through policies and regulations, with the goal of creating greater efficiency. [1]
The Guidelines provide non-binding principles and standards for responsible business conduct in a global context that are consistent with applicable laws and internationally recognised standards. The Guidelines are an annex of the Declaration on International Investment and Multinational Enterprises. [2]
Governmental and non-governmental organizations play a key role in the field as they create and enforce laws or regulations which companies must abide by. [3] These regulatory policies often regulate social issues that pertain to the implementation and operation of a global supply chain (e.g. labour, environmental, etc.). These regulatory ...
The debate concerning the responsibilities of business in relation to human rights became prominent in the 1990s, as oil, gas, and mining companies expanded into increasingly difficult areas, and as the practice of off-shore production in clothing and footwear drew attention to poor working conditions in global supply chains. [3]
The Council of Supply Chain Management Professionals' (CSCMP) Supply Chain Process Standards present an outline or framework for managing processes which are typically found to be involved in performing supply chain related activities, and a set of standardised activities described in two levels of maturity - the "suggested minimum" and "best practice" for each process.
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