A needed paradigm shift: moving from de-risking to risk mitigation
Apr 27, 2021 | 10:00 AM - 11:15 AM
Apr 27, 2021 | 10:00 AM - 11:15 AM
Description
Companies too often use the presence of responsible business conduct risks in supply chains as a rationale for categorical disengagement from regions or supply types (e.g. artisanal and small-scale mining). This is referred to as “de-risking" and runs counter to the purpose of the Guidance, which was designed as a tool for responsible trade and investment in high-risk areas. This session will examine the factors that shape companies’ postures towards certain risks. Panellists will explore how such factors can be addressed to promote more constructive responses to identified risks, including by discussing current practices and approaches to countering de-risking and engaging responsibly with high-risk and informal producers.
