Social compliance enables businesses to mitigate risks related to reputation damage, legal liabilities, and supply chain disruptions, while also building trust among consumers and investors who prioritize ethical and sustainable business practices. While conducting a Social compliance due diligence, Diligent Management Solutions ensures a thorough examination of a company’s/suppliers’ adherence to social responsibility standards. This scrutiny covers various aspects such as labor standards, workplace safety/health, fair remuneration, compliance with child labor laws, and environmental sustainability practices. It typically includes on-site inspections, audits, and assessments to ensure compliance with local regulations, company/brand regulations and international standards set by organizations like the International Labour Organization (ILO) and the United Nations Guiding Principles on Business and Human Rights. Furthermore, Diligent Management Solutions may entail engaging with stakeholders such as employees, local communities, and non-governmental organizations (NGOs) to gather perspectives and address any issues identified.
