Walter Tools’ Post

🌎 In a world of ever-evolving regulations, staying compliant is non-negotiable. Our Ultimate Guide to Product Compliance is your go-to resource for mastering the complexities. Stay ahead of the curve – download now and secure your place in the future of global business! https://bit.ly/466A5eX #StayCompliant #BusinessGuide

Cultivating compliance isn't just about following rules; it's about unlocking a world of benefits for your business. From fostering trust to driving innovation, here are some reasons why being compliant pays off. #ComplianceBenefits #BusinessSuccess 🌟 Book a call today! https://lnkd.in/evKncrjz

By prioritizing #opencommunication, education, and #ethicalpractices, businesses can not only meet regulatory requirements but also cultivate strong and lasting #relationships built on mutual respect and shared values. This approach helps create an #environment where customers feel valued, protected, and confident in their interactions with the business. #compliancematters #compliancemanagement

Learn about sustainability and supply chains.

Thank you to our panel Cheryl O'Shea, Ariana Issa, James Ford and Christopher Cash for their contributions to our webinar discussing human rights investigations in complex supply chains today. 🌐 We learnt that the legislative landscape for these investigations is rapidly evolving. We're seeing a shift from the United Nations Guiding Principles s as a starting point to hard law obligations. The focus is increasingly on disclosure, mandatory due diligence, and import bans, reflecting a growing emphasis on corporate responsibility for human rights. Integration of human rights considerations into policies and systems is crucial. Companies need to embed these considerations into their supplier codes of conduct, conduct regular audits, maintain ongoing dialogue with supply chain partners, and implement robust onboarding processes to ensure supplier behaviours align with corporate values. Enhanced due diligence has become a critical tool. This involves both proactive risk mapping and reactive investigations. Cross-jurisdictional intelligence gathering is key, with a particular focus on local context and grassroots sources to truly understand the human rights landscape. An integrated approach offers significant benefits. By combining human rights considerations with traditional compliance concerns, companies can gather intelligence more efficiently, ensure consistent results, and develop a more comprehensive risk picture. This holistic view is invaluable in today's complex business environment. As new regulations like the Corporate Sustainability Due Diligence Directive (CS3D) come into play, companies must prepare by reviewing current practices and supply chains, engaging stakeholders, and ensuring robust compliance frameworks. The pace of change is rapid, and adaptability is crucial. In this evolving landscape, companies must act swiftly to adapt. External advisors can play a vital role in helping to fill information gaps and navigate these complex challenges, ensuring businesses stay ahead of regulatory requirements and ethical expectations. The Risk Advisory Group works with companies to set up policies and procedures and they can look at issues arising from an audit. They can work at a local level to bridge information gaps between the organisation and the people who are impacted by decisions. They are increasingly seeing ESG considerations come under the spotlight in wider business practices. There are benefits running an integrated compliance programme which encompasses human rights due diligence. Top tips 📌 Commit to a regular audit and compliance programme which examines the supply chain 📌 Issue a robust supplier code of conduct 📌Be prepared to adapt to new requirements 📌Any company operating in a high risk jurisdiction should have audit rights in their contracts, and these rights should be exercised. 📌Leverage existing policies and procedures 📌Break down silos #HumanRights #SupplyChain #DueDiligence #ESG

Integrating ethical practices into your business operations and maintaining a relentless customer-centric approach are not merely about doing good; they're strategic imperatives that drive loyalty, innovation, and differentiation in a competitive landscape. 🌱 Core Principles for Thriving Businesses: Ethical Integrity: Let your business be a beacon of integrity. Ethical practices build trust and credibility, not just with customers but within your entire ecosystem. Customer Focus: Understand and anticipate the needs of your customers. A business that listens and responds to its customer base is a business that grows and innovates. Sustainable Impact: Aim for a positive impact on society and the environment. Sustainable practices are increasingly becoming a determinant of consumer choice and loyalty. #EthicalBusiness #CustomerCentric #SustainableSuccess #BusinessEthics #InnovateForImpact

Navigating compliance in 2024: As regulations evolve with technology and societal changes, staying ahead is crucial. Discover our guide to mastering compliance this year and beyond! Read more - https://lnkd.in/e2rvHid6 #Compliance2024 #RegulatoryUpdate #InnovationInCompliance #BusinessResponsibility #TechCompliance #EnvironmentalCompliance #GlobalStandards #EthicalBusiness

Today could prove to be an important day for the renegotiation of the EU responsible business conduct law CSDDD. Numerous companies and organizations have spoken out in favor of the CSDDD, including my own employer evofenedex. Why? A law at EU level ensures a level playing field; all companies apply the same rules. It also prevents a patchwork of legislation from developing in the EU, which would make it considerably more difficult for companies to implement policies for responsible business conduct. Fair and sustainable trade requires information exchange and cooperation in the supply chain, which is not only good for people and the environment, but also for the companies in the supply chain themselves. Here is an overview of business statements in support of CSDDD: https://lnkd.in/e_-k_ZxX #CSDDD #duediligence #responsiblebusiness #imvo

Data and IT Security in the Supply Chain

CSDDD’s Groundbreaking Requirements Will Pose New Procurement Challenges – Here’s How Businesses Can Respond 💼 The European Commission approved the revised version of the Corporate Sustainability Due Diligence Directive (CSDDD) on May 24th. This directive marks a major step toward making global value chains a force for social and environmental good. Companies must identify and address sustainability risks throughout their entire value chains, beyond just Tier 1, and collaborate with partners to mitigate them. We explore its groundbreaking aspects, implications for companies, and the opportunities of a proactive compliance approach. Discover key CommonShare solutions to prepare for this new era of due diligence 👉🏼 https://buff.ly/4c84kWu #sustainabledirectives #sustainablelegislation #sustainability #governance #eu #europeanunion #europeancommission #sustainablecompanies #sustainablebusinesses