Ensure third parties are operating in compliance with environmental, health and safety and human rights requirements, while adhering to the highest of ethical standards. Protect your brand reputation and equity, and drive corporate responsibility.
Responsible sourcing is back up the boardroom agenda as it is so tightly connected to brand reputation, and a natural extension of an organization’s commitment to corporate responsibility.
One bad apple in a third party network can lead to a substantial amount of adverse publicity, damaging a company’s reputation and brand value. Research suggests that corporate reputation makes up 33% of the market value of the FTSE 100, making reputation an important business asset to protect.
We see examples in the headlines every day from child labor being exposed in clothing factories in Myanmar, to environmentally damaging and unsustainable palm oil production in Indonesia. Regulatory scrutiny is escalating, and that combined with informed consumers, powerful advocacy groups and the power of social media mean that unethical third party and supply networks are bad for business.
There is a growing body of regulation that focuses on supply chains in an effort to support the elimination of slavery and trafficking, environmental crime and conflict minerals from business conduct and sourcing. Regulations include: The UK Modern Slavery Act; The Federal Acquisition Register’s anti-trafficking provisions; California Transparency in Supply Chain Act; Dodd-Frank’s Conflict Minerals provisions.
Aravo Solutions was a pioneer in responsible sourcing and has delivered comprehensive solutions for companies with the most complex third party and supply networks in the world.
Rapid time to value
with prebuilt configurations and reporting
Best practice workflows
distilled from deep domain experience, and global implementations for leading brands
to manage complex, global third party networks
Optimize your third party networks to only buy from and do business with companies that operate responsibly
and address non-compliance proactively and rapidly
with dashboards and reporting