Clarify the connection between social metrics and corporate financial performance.
Ecometrica Sustainability

Track a comprehensive range of social data across your enterprise or portfolio, from staff training and gender metrics to human trafficking in global supply chains.

social actual

Gather social & environmental metrics, drive financial performance

The Ecometrica Platform’s Social module is a collection of social responsibility data points that allows companies to measure, analyse and report on a comprehensive range of social-related questions, from fairly simple staff training and development metrics, through to examining whether the company’s activities are supporting – or inadvertently threatening – the basic human needs of people in its global operations.

The analysis and dissemination of social and environmental metrics is also critical for impact investors, who look for long-term sustainability as well as financial growth from their portfolios. Comprehensive, transparent metrics on social and environmental concerns allow investors to clearly see where funds should be allocated for maximum return over time. The Ecometrica Platform’s Social module, combined with other Sustainability modules like Ethical and Supply Chain, can be used both by impact investors to track their portfolios or assess risk from new investments, or organisations looking for funding to prove their social and environmental credentials.

The Social module can be fully customised to suit the questions your organisation wants to ask, with current examples covering a wide range of topics:

Staff training and development
Gender split and pay equality
Population growth and movement
Human trafficking, child labour and modern slavery
Humanitarian and charitable action
Employee safety and security

The Modern Slavery Act and Supply Chain Transparency

As of October 2015, under the Modern Slavery Act established in March 2015, all companies doing business in the UK with a turnover of £36m or more are required to deliver an annual statement covering how they are preventing slavery and human trafficking taking place in their supply chains. If the company is taking no steps to combat slavery, this must also be disclosed.

According to the International Labour Organization, around 21 million men, women and children around the world are in some form of slavery, estimated to generate profits of $150bn annually.

Business Drivers to Address Modern Slavery

Risks

Reputational damage
Loss of market share
Legal sanctions

Benefits

Increased consumer confidence
Improved employee morale
Exceed legal requirements

What do companies need to do?

Businesses covered by the Act must publish a “slavery and human trafficking statement” setting out the steps it has taken to ensure that slavery and human trafficking is not taking place in its supply chains and within its own business.

While the Act does not prescribe on the exact contents of this statement it does provide some guidance on what might be included:

Companies’ due diligence processes relating to slavery and human trafficking in their supply chains;
Reporting on the parts of companies’ supply chains where there is a risk of slavery and trafficking taking place, and how to assess and manage it;
Reporting on staff training on slavery and human trafficking;
Reporting on companies’ effectiveness in ensuring that slavery and trafficking are not taking place in their businesses or supply chains.

Contact us for more information, or to arrange a product demonstration

Our Sustainability modules are the starting point for any businesses that simply wants to do better.

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