Description
Devise and adopt a risk management plan.
- RIR-3: Is there a process to mitigate identified risks appropriately as per OECD and applicable standard?
- RM-1: Does the facility have a process to determine a risk management strategy appropriate for its specific circumstances, taking into account the following strategies: a) Continuing trade throughout the course of measurable risk management efforts; b) Temporarily suspending trade while pursuing ongoing measurable risk mitigation; c) Disengaging with a supplier in cases where mitigation appears not feasible or unacceptable
- RM-2: Is the risk mitigation strategy appropriate to the type and scale of the risks of adverse impacts and actual adverse impacts and the facility’s position along the supply chain?
- RM-3: Does the facility have a process to establish and adopt a risk mitigation plan that meets the requirements of the standard?
- RM-4: If the supplier is not disengaging, are all identified risks included in the risk mitigation plan?
- RM-5: Does the facility’s risk management plan include the key elements required by the standard and align with OECD guidelines, including: a) Quantifiable risk mitigation measures and clear performance objectives with monitoring and tracking mechanisms; b) Reasonable timescales for completion, with progress assessments at a minimum of six-month intervals; c) A plan for progressive performance improvement; d) Qualitative and/or quantitative indicators to measure improvement.
- RM-11: How does the facility evaluate its ability to influence suppliers, local and centralized authorities, and affected stakeholders to prevent or mitigate identified risks?
- RM-11a: How is the facility’s influence over these actors reflected in its risk mitigation plan and measures?
- RM-12: Does the facility have a process to consult with suppliers, local and centralized authorities, and affected stakeholders to agree on strategies for measurable mitigation actions as part of the risk management plan?
- RM-12a: Describe the process used to identify affected stakeholders.
- RM-12b: For this assessment period, list the affected stakeholders consulted for the risk mitigation.
- RM-12c: For this assessment period, list any stakeholders contacted for consultation who did not participate, and explain why they did not participate, if applicable.