Target audience

The primary audience for this tool includes finance professionals, investors, asset managers, compliance officers, and other stakeholders involved in supply chain management and responsible investment.

Purpose and function

The purpose of the risk mapping tool is to assist finance professionals in identifying, assessing, and mitigating risks related to forced labour and human trafficking within their supply chains. It functions by providing a comprehensive database and practical guidance, enabling users to perform detailed risk assessments and enhance their due diligence processes.

How it can help finance professionals

• Identification of risks: The risk mapping tool helps finance professionals identify potential risks of forced labour and human trafficking within their supply chains. By providing access to a database of high-risk geographies, industries, and sectors, the tool enables users to pinpoint areas where due diligence is essential.
• Enhanced due diligence: Finance professionals can use this tool to strengthen their due diligence processes. The tool offers practical guidance on how to assess and mitigate risks associated with forced labour and human trafficking. This is crucial for ensuring compliance with legal and regulatory standards related to modern slavery.
• Promoting responsible investment: The tool supports responsible investment practices by helping users integrate considerations of forced labour and human trafficking into their investment decisions. By identifying and addressing these risks, finance professionals can contribute to more ethical and sustainable investment portfolios.
• Access to Resources: The risk mapping tool provides access to a wealth of resources, including reports, case studies, and best practices. These resources help users stay informed about the latest developments in combatting forced labour and human trafficking and offer practical advice on implementing effective risk management strategies.
• Customised risk assessment: Users can customise their risk assessments based on specific needs and priorities. The tool allows finance professionals to focus on particular sectors or regions of interest, providing tailored insights that are relevant to their unique contexts.
• Collaboration and networking: The tool also fosters collaboration and networking among finance professionals. By sharing insights and strategies, users can learn from each other and develop more robust approaches to tackling forced labour and human trafficking.

How to use the tool:

• Access the tool: Finance professionals can access the Risk Mapping tool through the FAST Initiative’s website.
• Explore the database: Users can explore the tool’s comprehensive database, which includes information on high-risk geographies, industries, and sectors. This helps in identifying areas where forced labour and human trafficking risks are prevalent.
• Customise risk assessments: The tool allows users to customise their risk assessments based on their specific needs. They can focus on particular sectors or regions to get tailored insights.
• Utilise practical guidance: The tool provides practical guidance and resources to help users assess and mitigate risks. This includes best practices, case studies, and reports on modern slavery and human trafficking.
• Integrate insights: Finance professionals can integrate the insights gained from the tool into their due diligence processes and investment decisions to promote responsible investment practices.
• Collaborate and share: Users are encouraged to collaborate with other finance professionals, sharing insights and strategies to enhance collective efforts in addressing forced labour and human trafficking risks.