Risk Identification and Management Audits

The ability to thoroughly assess sourcing risks in new and existing supply chains is critical to business success. UL offers risk research services informed by onsite engagements as well as management systems assessments that help companies evaluate, prioritize and mitigate critical issues. We provide essential, actionable information that helps enable businesses to make sound sourcing and audit program decisions. Definition UL's risk identification and management assessments assess risks by location, product or a company’s specific supply chain to provide clients with information about social and environmental risks that could influence sourcing and audit program decisions. Benefits UL provides on-the-ground verification of social and environmental policies and practices informed by social compliance management systems guidelines of the Global Social Compliance Programme (GSCP) and the customer’s own supplier standards. Our due diligence assessments dig deep and clearly identify the strengths and weaknesses of a supplier’s social responsibility program. Desktop-based risk research can be enhanced through targeted field research and engagement with local stakeholders on the ground to provide additional insights and intelligence on sourcing risk.