Source Intelligence

Transparency and Anti-Corruption Efforts in Emerging Markets are “Pathetic,” According to New Study

Article

In a new study released Monday, Transparency International (TI) assessed anti-corruption transparency in 100 of the fastest-growing multinationals in emerging economies. Emerging markets contribute to the majority of global economic growth, which can be stunted if overseas investors and consumers perceive these markets have significant levels of corruption.

Are US Companies Starting to Feel the Repercussions of New Anti-Slavery Regulations?

Article

For decades, the US border customs agents have overlooked section 307 of the 1930 Tariff Act, which prohibited goods from entering the US made with the use of forced labor. Earlier in 2016, President Obama signed the Trade Facilitation and Trade Enforcement Act of 2015. Before the Trade Facilitation Act, US border customs agents had overlooked section 307, as long as domestic production could not meet the demand for the imported products to the US.

Investors See Strong Link Between Corporate Sustainability and Financial Performance

Article

Up to 90% of professional investors measure a company’s sustainability performance before making investment decisions

A new study finds that 90% of investors are likely to measure a company’s sustainability performance before making any investment decisions. MIT Sloan Management Review and Boston Consulting Group released “Investing for a Sustainable Future,” a report summarizing data from interviews conducted with executive-level investors.

Thailand Is Relieved Of Its Human Trafficking Blacklist Status

Article

On Thursday, the US State Department removed Thailand from the human trafficking blacklist. Though Thailand has been a spotlight country when dealing with forced labor, the State Department made their decision based on the criteria outlined in the Human Trafficking Persons Report.

Modern Day Slavery Breakdown: Laws in Place to Mitigate Slavery In the Supply Chain

Article

Over the past decade, state and national regulations have been put in place to increase the efforts of mitigating slavery from the supply chain of global enterprises. The goal of anti-slavery regulations is to identify and take steps to eliminate modern day slavery from supply chains. The regulations and laws put in place can be broken down into three major categories; affirmative conduct, disclosure, and liability provisions.

Affirmative Conduct
Requires companies to declare a violation to the government.

Global Movement on Sustainable Palm Oil is Growing

Article

A global trend toward sustainable palm oil is emerging; diverse stakeholders including non-profits, scientists, and global brands worldwide have announced their commitment to sustainably sourced palm oil and supply chain transparency.

Index Report Calls for Supply Chain Transparency in Fashion Industry

Article

This April, Fashion Revolution, a non-profit organization, released their annual Fashion Transparency Index report. The Index ranks 40 of the most recognizable fashion brands based on their supply chain transparency and governance practices. The average score was 42%, with only three brands receiving a “top rating” of up to 77%.

EHS Software Linked to Business Advantages

Article

From a survey of over 3,000 corporate managers, LNS Research found that companies using EHS software not only allowed companies to streamline their EHS programs, but also provided many corporate advantages. 75% of companies using EHS software were able to identify points of risk in their operations, versus 34% of companies that did not.

Effective Compliance & Ethics Programs Reduce Federal Fines by up to 95%

Article

Last year, the U.S. Sentencing Commission released a set of guidelines for fines assessed to organizations found responsible for federal offenses. The guidelines specify that companies with an “effective compliance and ethics program in place,” including those supported by a third party service provider, can qualify to have their fines reduced by up to 95%.

Source Intelligence’s Supply Chain Transparency Platform Named Environmental Leader’s Product of the Year 2016

Press Release

DENVER, June 22, 2016 /3BL Media/ – Source Intelligence’s supply chain compliance solution was awarded the 2016 “Product of the Year” by the prestigious Environmental Leader organization, officials announced today.

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