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Social Value Compliance The report allows you to assess suppliers’ social value contributions, such as community engagement, environmental impact, and job creation. This is valuable for compliance with government and industry-specific regulations that may require companies to demonstrate their commitment to social value.
Equality, Diversity, and Inclusion (EDI) Compliance You can use the report to evaluate whether suppliers have EDI policies in place and whether they ensure that their supply chain meets the requirements of positive equality duties under the Equality Act 2010. Compliance with EDI laws and regulations is crucial for avoiding legal issues and promoting inclusivity.
Supplier Type and Company Registration The report offers insights into the types of suppliers in the supply chain (e.g., startups, charities). This information can be used to ensure compliance with specific procurement regulations that may favour or require certain types of suppliers.
Reporting on Social Value You can analyse whether suppliers actively report on their social value contributions. This is important for compliance with reporting requirements set by regulatory authorities or industry associations.
Compliance Level The report provides information on the compliance level of each supplier, allowing you to identify and address any non-compliance issues within your supply chain.
Ensure Legal Compliance You can use the report to ensure that your supply chain complies with relevant laws, regulations, and industry standards related to social value, EDI, and other aspects of corporate responsibility.
Mitigate Legal Risks By identifying non-compliant suppliers or those with questionable social value practices, you can take proactive measures to mitigate legal risks and avoid potential liabilities.
Enhance Reputation You can select suppliers with strong social value contributions and EDI policies, aligning with your own corporate responsibility goals. This can enhance your reputation as a socially responsible organisation.
Make Informed Decisions The report provides a data-driven basis for supplier selection and management, enabling you to make informed decisions that align with both legal requirements and your broader business objectives.
