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Eradicate human trafficking from your supply chain

Tradeshift and FRDM launch anti-human trafficking app for supply chain, noting consumers, investors and governments expect companies to act on this. Tradeshift, the supply chain payments platform, has partnered with FRDM (formerly Made In A Free World) to announce an app that will help businesses detect and mitigate human trafficking in their global supply chains. The app, which was developed by FRDM and built on the Tradeshift platform, allows businesses on the Tradeshift platform to monitor for early detection of the signs of human trafficking. By tapping into data on human trafficking, such as a comprehensive database on forced labour analytics and risks associated with the sourcing of raw materials, the app alerts companies to the supply chain risk of human trafficking. The app analyses supplier and purchase level data and risks, while also ensuring compliance with international regulations.

“This idea started in 2011 when the organization I founded partnered with the US State Department to build the Slavery Footprint platform, combining product data with consumer purchase data to provide footprints of close to 30 million people worldwide,” said Justin Dillon, CEO of FRDM. “In joining with Tradeshift, we aim to make these tools available to the world’s most influential corporations. Consumers, investors, and governments expect companies to act on this.”

Moral issue

The company states that there an estimated 16 million people working in slave labour conditions around the world – and they are part of the global supply chain. It adds that legislation in the US, UK and Australia requires businesses to provide transparency into their operations by reporting on the actions they are taking to address modern slavery in their business and supply chain.

Tradeshift CEO, Christian Lanng said: “No company ever says that slavery-based revenue is OK. But companies still don’t take action because it’s just too complicated to marry the analytics with the purchasing decisions. We believe that making this step frictionless is not just a compliance question from a business operations perspective, but, more importantly, a fundamental moral issue. And it’s one that must be resolved. We can help do that and this partnership is confirmation of our commitment.”

This item appears in the following sections:
Risk Management
ERM - Enterprise Risk Management
Financial Risk Management
Sustainable Green Treasury
Sustainable Business Models


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