Listen to Julien Lavarini, Manager of Finance and Responsible Supply Chain at the family owned Lorenz Snack-World.
What does a risk-based approach of a snack company look like in practice? Frankly Speaking has invited Julien Lavarini, Manager of Finance and Responsible Supply Chain at the family owned Lorenz Snack-World, to share experiences with risk management tools, audits and sector-wide approaches in the cashew supply chain. But Julien also has some comments on the legislative developments.
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“If you are a medium sized or small company, do what you can at your level. Try to make your assessment at your level and the bigger the company is, the bigger its impact is, the stronger the implications should be. So for me, it's really not something where size matters. It's really the mentality to assess the risk and to question yourself as a person. And for a company to ask yourself, what are my impacts - environmentally and socially - and what can I do to reduce this.”
There's very little pressure being applied to companies by investors looking at how they're actually behaving and treating human rights as a core business priority. This needs to change.
Investors shouldn't just take companies' word for what they're doing; they should investigate what the companies are actually doing regarding human rights.
Germany's NewClimate Institute has produced the Corporate Climate Responsibility Monitor report, evaluating the transparency and integrity of climate pledges of 51 major companies across different sectors and geographies.
