HAP | The Business of Better Compliance’s Post

📢 EXCITING NEWS! THE PUBLIC COMMENT PERIOD FOR THE SOCIAL AUDIT QUALITY FRAMEWORK (SAQF) IS NOW OPEN! We are grateful to the individuals and organizations whose insights and thought leadership helped shape the initial concept of the SAQF. We would like to acknowledge the considerable time provided by organizations such as the Responsible Business Alliance, UL Solutions and LRQA to name a few. The SAQF was created to support direct investors, general partners in private markets, due diligence regulators, policymakers, ESG auditors, verifiers, brands, and rating agencies in enhancing effective communication and developing trust. The framework provides an open-source, structured methodology for evaluating the foundational claims of "independence" and "credibility" in social audit reports, ensuring that key measures are visible, outcome-oriented, measurable, and informed by stakeholder feedback. 🔍 With the SAQF, See the Facts for Yourself The SAQF enhances social audit report disclosures, creating a pathway for developing trust and supporting meaningful change in responsible business conduct. It empowers end users to objectively assess and understand the data behind claims of audit independence and credibility, facilitating a deeper insight into the varied landscape of social audit systems. We invite everyone to review and provide feedback to help refine and enhance the SAQF. Visit the SAQF Public Comment Website – www.saqframework.org to share your thoughts and suggestions. Your participation is critical in our journey to provide open-source tools and strategies to improve the effectiveness and accountability of due diligence methods used in human rights and responsible business conduct. Help shape the future of social audits in regulated due diligence systems. Your voice matters. #SAQF #SocialAudit #ESG #ResponsibleBusiness #OECD #Sustainability #CDDD #bizhumanrights Contact Us at: contact@saqframework.org if you are interested to be a thought partner, individual supporter or to help us learn about new related draft disclosure rules or policies. Additional collaborators help us consider diverse points of view and improve the quality of the SAQF policy-making and education efforts.

#BizHumanRights: BETTER DISCLOSURES FOR SOCIAL AUDIT REPORTS INITIATIVE PUBLIC COMMENT PERIOD UNDERWAY. Submit your public comment: https://lnkd.in/eQJn2ThJ Read the white paper: https://lnkd.in/eYmHe2_w With due diligence regulations like #CSDDD #CRSD #CS3D and others now demanding deeper insights into human rights risk across value chains, the Social Audit Quality Framework (SAQF) is a free management resource for organizations currently using Social Audits as part of a wider diligence toolset to identify, prevent and mitigate adverse impacts on human rights as well as demonstrate responsible business conduct as part of their corporate due diligence duty. Proper due diligence begins with a good understanding of the effectiveness of your due diligence process through best efforts. The core elements of the SAQF are to enhance the ability to properly evaluate the basis for independence and credibility for social audits used within due diligence and responsible business conduct systems across global value chains. The SAQF provides a structured methodology, helping end users of social audit reports make more informed decisions on their impact in the company’s own operations, their subsidiaries and value chain(s). Follow HAP research on enhanced disclosures: https://lnkd.in/ez_rZCx4 Contact Us at contact@saqframework.org if you are interested to be a thought partner, individual supporter or to help us learn about new related draft disclosure rules or policies. Additional collaborators help us consider diverse points of view and improve the quality of the SAQF policy-making and education efforts. #CSDDD #CRSD #CDP #DueDiligence #Audits #EthicalAudits #ESG #OECD

#BizHumanRights: BETTER DISCLOSURES FOR SOCIAL AUDIT REPORTS INITIATIVE PUBLIC COMMENT PERIOD UNDERWAY. Submit your public comment: https://lnkd.in/eGhsevEE Read the white paper: https://lnkd.in/eB8DpwTS With due diligence regulations like #CSDDD #CRSD #CS3D and others now demanding deeper insights into human rights risk across value chains, the Social Audit Quality Framework (SAQF) is a free management resource for organizations currently using Social Audits as part of a wider diligence toolset to identify, prevent and mitigate adverse impacts on human rights as well as demonstrate responsible business conduct as part of their corporate due diligence duty. Proper due diligence begins with a good understanding of the effectiveness of your due diligence process through best efforts. The core elements of the SAQF are to enhance the ability to properly evaluate the basis for independence and credibility for social audits used within due diligence and responsible business conduct systems across global value chains. The SAQF provides a structured methodology, helping end users of social audit reports make more informed decisions on their impact in the company’s own operations, their subsidiaries and value chain(s). Follow HAP research on enhanced disclosures: https://lnkd.in/egq8Dmyh Contact Us at contact@saqframework.org if you are interested to be a thought partner, individual supporter or to help us learn about new related draft disclosure rules or policies. Additional collaborators help us consider diverse points of view and improve the quality of the SAQF policy-making and education efforts. #CSDDD #CRSD #CDP #DueDiligence #Audits #EthicalAudits #ESG #OECD

Monash University has published its 2024 analysis of the Modern Slavery Statements from ASX100 companies, highlighting both the progress made and the gaps that remain in addressing this global issue. The report identifies key areas for improvement: ➡ Providing detailed descriptions of supply chains beyond Tier 1 ➡ Conducting comprehensive risk assessments ➡ Implementing grievance mechanisms and remediation processes ➡ Setting clear KPIs to monitor effectiveness Having connected with the stories of people who have been trapped in this horrific crime, this work goes far beyond just numbers for me - it’s about the real impact businesses can have on people’s lives. It’s encouraging to see many of the companies listed achieving top scores and getting to continue working with businesses that are committed to building more transparent, protective supply chains.

Here is some good news for Australian consumers to know…. “Australia’s largest companies are increasingly seeking active ways to deal with modern slavery they have uncovered in their supply chains, rather than simply reporting on the risks, the report finds. Companies have reported terminating supply relationships, although a majority are attempting to work through the issues.” Our Ethical Business Advisory Services team have certainly noticed this trend. We are being more engaged now to provide Survivor Informed guidance in remediation pathways and commentary from our Survivor Advisory Board than previous years where our engagement was more in the area of gaps analysis and improving policy. This latest Monash University report is good news for our country. Read more here: https://buff.ly/3CP7cuW You can contact our team here: ethicalbusiness@thefreedomhub.org Or find out more at: buff.ly/4fKYPzj #esg #modernslavery #bizhumanrights #businessforgood #bhr

Did you know that non-compliance with CSRD reporting requirements can lead to severe fines and sanctions, tarnish a company's image, and result in a loss of trust among investors and stakeholders? On the other hand, maintaining CSRD compliance offers a competitive edge, helping companies attract more customers, investment, and top talent, thereby promoting long-term business sustainability and growth. With the new Certificate in CSRD course, you are equipped with the insights and the knowledge to meet these challenges head-on. This course provides a thorough understanding of the CSRD’s expanded framework and practical compliance steps, offering strategies for integrating these requirements into broader business processes, thus enhancing strategic decision-making and stakeholder communication. Buy now - https://lnkd.in/dxXGPeBa This course is ideal for: • Sustainability Managers and Consultants overseeing sustainability strategies • Compliance Officers ensuring legal standards and regulations are met • Senior Executives and Decision-Makers guiding their organisations • Reporting Specialists preparing and analysing sustainability and financial reports • Strategy and Risk Management Professionals integrating sustainability into business strategies Don’t miss out on this opportunity to rapidly gain insights to master CSRD reporting and avoid non-compliance risks. Buy now - https://lnkd.in/dxXGPeBa Use code EARLYBIRD10 for a 10% launch discount. Offer ends 13 June 2024. #Sustainability #CSRD #SustainabilityReporting #Compliance

Here is some good news for Australian consumers to know…. “Australia’s largest companies are increasingly seeking active ways to deal with modern slavery they have uncovered in their supply chains, rather than simply reporting on the risks, the report finds. Companies have reported terminating supply relationships, although a majority are attempting to work through the issues.” Our Ethical Business Advisory Services team have certainly noticed this trend. We are being more engaged now to provide Survivor Informed guidance in remediation pathways and commentary from our Survivor Advisory Board than previous years where our engagement was more in the area of gaps analysis and improving policy. This latest Monash University report is good news for our country. Read more here: https://buff.ly/3ZoTiIT You can contact our team here: ethicalbusiness@thefreedomhub.org Or find out more at: buff.ly/3HiYBR6 #esg #modernslavery #bizhumanrights #businessforgood #bhr

No 3 in our on-demand Social Compliance webinar series is 'The Risk based approach to CSR in your supply chain'. Adopting a risk-based approach to corporate social responsibility can reap multiple benefits for organisations. In our latest webinar, we share how to steer your business towards a more responsible and resilient future – by reducing legal and reputational risks, whilst enhancing supplier relationships. To find out more about our approach, watch now: https://bit.ly/3XjqPC5

Navigating the complexities of social compliance audits can be challenging for many organisations. To gain insights into the rationale, operational procedures, and benefits to enable greater cooperation and transparency within your supply chain – listen to our on-demand webinar now: https://bit.ly/3vafU3F

Navigating the complexities of social compliance audits can be challenging for many organisations. To gain insights into the rationale, operational procedures, and benefits to enable greater cooperation and transparency within your supply chain – listen to our on-demand webinar now: https://bit.ly/3vafU3F