As the global marketplace expands, the ability to thoroughly assess sourcing risks in new and existing supply chains becomes critical. Failure to factor sustainability and social responsibility into business decisions can impact quality, cost and time within the value chain and expose a company to compliance issues that can tarnish reputations.

UL provides our clients with much more than raw data. Working with a company’s sourcing department or directly with suppliers, UL researchers gather and analyze supply chain information to develop risk matrices, reports, and dynamic tools complete with actionable intelligence, helping companies make well-informed sourcing decisions.

We also conduct supply chain risk assessments, in the field or desktop-based, assessing risk by commodity or product type, geographic location, a client’s supply chain standards, or other risk variables.

UL’s off-the-shelf annual Responsible Sourcing Global Risk Index and customizable Country Risk Profiles offer comprehensive insight into production processes and industry challenges that affect social compliance. These profiles and the index can help sourcing professionals prepare for both inherent and emerging social risks.

To assess a specific, key supply chain controlled by one entity within a cleint’s global supply chain, such as a supplier, vendor or contractor, UL offers a Corporate Social Responsibility Management Systems Assessment. This assessment evaluates the supply chain management program of a client’s key supplier, vendor or contractor to identify the extent of the supplier’s systems, processes and procedures to manage supply chain risk and asses if the supplier’s standards are equivalent to those of the client. The assessment not only informs client sourcing risk for a specific supply chain and potential redirection and refocus of social compliance efforts, but also serves as an educational event for the supplier and can inform potential areas of program improvement.

As the global marketplace expands, the ability to thoroughly assess sourcing risks in new and existing supply chains becomes critical. Failure to factor sustainability and social responsibility into business decisions can impact quality, cost and time within the value chain and expose a company to compliance issues that can tarnish reputations.

UL provides our customers with much more than raw data. Working with a company’s sourcing department or directly with suppliers, UL researchers gather and analyze supply chain information to develop a risk matrix complete with actionable intelligence, helping companies make well-informed business decisions.

We conduct supply chain risk assessments based on commodity or product type, geographic location, and other risk variables. We work with international commercial and development financial institutions to conduct social, labor and environmental due diligence assessments.

Our work integrates the Equator Principles, an international credit risk management framework for determining, assessing and managing environmental and social risk in project finance transactions, and the International Finance Corporation’s Performance Standards, a socially sustainable blueprint that identifies and mitigates risk in global projects, as well as international human rights standards.

UL’s Country Risk Profiles and annual Responsible Sourcing Global Risk Index offer comprehensive insight into production processes and industry challenges that affect social compliance. These profiles and the index can help sourcing professionals prepare for both inherent and emerging social risks.

We also help businesses measure the real return on their risk-based management efforts. Our risk assessment services were developed to help social compliance managers better understand their return on investment for program activities and prioritize risk management in their supply chain.

Our responsible sourcing program analytic tools—customized Country Scorecards and Child and Forced Labor Country and Product Matrixes—help increase company-wide support for the sourcing risk management program.

Find the right service within the UL offering and learn how it meets your particular needs.