Food Network for Ethical Trade publicly share their country risk assessment rating to accelerate aligned approaches to supply chain due diligence
One of the challenges for suppliers in global supply chains is the lack of alignment between their customers. This creates additional costs, admin burden, complexity, and confusion. At the Food Network for Ethical trade our membership is on a mission to align our approaches, reduce duplication and make it easier for organisations in our supply chains to see our requirements are common with our peers.
We have more than 75 members covering the broad breadth of the food sector from retail to hospitality, flowers to pork pies and sourcing in over 100 countries. As outlined in our Theory of Change we encourage businesses to adopt common practical tools and approaches to reduce duplication and accelerate supply chain adoption. One of the shared tools within the membership is our common risk assessment tool which supports members to have a common understanding of country and ingredient risk. To make it easier for supply chain actors to see the country risk score is common between members, we are making FNET country risk rating scores public. The scores are now available to freely download from our website.
The FNET Country Risk Rating uses publicly available information on country risks and known-human rights risk drawn from public sources and best practice to produce a low, medium, or high-risk score which is intended to inform a company’s ethical trade risk assessment. It is part of FNET Risk Assessment tool which combines the country risk rating with risks associated with labour types and industries to provide a common understanding of ingredient/raw material risk. The FNET Risk Assessment tool encourages companies to enter commercial information against which to assess their ethical trade risks in order to be able to prioritise the resources they have for managing ethical trade and identify appropriate additional due diligence requirements. If you want to learn more about the full risk assessment tool, please contact [email protected] who can also share further details on wider membership benefits.
