A Modern Slavery Risk Assessment is a methodology to identify and understand the inherent risks faced by an organisation within its business and supply chains, and whether the controls in place are sufficient to mitigate those risks. The outputs are the residual modern slavery risks, which (if outside of risk appetite) will feed into the development of new controls and initiatives to reduce risks.
This Modern Slavery Risk Assessment consists of two documents:
1. A Risk and Controls Scoring Tool (in Excel) utilising 24 inherent risk questions and 60 control questions to calculate the organisation's quantitative risk rating.
2. A Risk Assessment Template (in Word) to provide qualitative analysis of the risk rating.
The Risk Assessment covers the following Inherent Risks:
- Industry/Sector
- Countries
- Suppliers
- Employment
The Risk Assessment covers the following Controls:
- Governance
- Reporting
- Due Diligence
- Monitoring
- Employee Engagement
- Assurance