The new Canadian Modern Slavery Act is compulsory, and the first report deadline of May 31st, 2024 is on the horizon. It’s easy to see that unprepared businesses may be panicking to get their ducks in a row in time. Therefore, it’s more important than ever to engage with your supply chain – to ensure everyone understands the importance of being compliant in the face of the new Act. So where do you start?
The annual report requires you to declare all the risk mitigation data you’ve captured, plus the activities and steps you’re taking to solve them. So, it’s best to start gathering this information while you have time. The information within your report that you’ll submit will need to include:
When gathering this data, you’ll be able to see any shortcomings in your compliance practices. What’s the quality of your data looking like? Are you tracking due diligence processes? Are there any areas you don’t have complete visibility over? Now’s the time to identify your weak spots and begin implementing solutions – they’ll need to go into your annual report, so best get things underway.
It can be easy to let contractors slip through the net. But it’s essential everyone’s up to speed on the importance of ESG compliance if you’re going to get accurate data and action off the back of your risk mitigation strategies. If contractors understand the importance of data tracking, and how you’ll help them provide the information you need, you’ll strengthen your partnerships with them which in turn strengthens the visibility of your supply chain from the inside out.
You can also lean on a reputable third-party contractor management provider to take the ESG compliance management off your plate.
Our technology and team of experts support both hiring clients and contractors through this process. And we’re the only solution that captures data and provides visibility at an individual level, through all layers of the supply chain.
At Alcumus SafeContractor, we’re a safe pair of hands and here to provide you with the tools you need to attain due diligence and compliance.
Discover Alcumus SafeContractor, a solution that provides one true view of your supply chain risk and takes the pain out of compliance for over 55,000 organizations globally, helping to protect people, operations, and the planet.
It’s not just about managing contractors; it’s our dedication to navigating you through the complexities of contractor qualification and giving you the confidence that your contractor network upholds a standard of excellence in safety, ethics, and professionalism. We ask the compliance questions your organization cares about, so you don’t have to.
It’s time to benchmark where you are on your supply chain compliance journey, and it is a journey. One we’ll help you navigate and build on as we move forward together. Partner with Alcumus SafeContractor today!