Today, more than ever before, companies are aware of and sensitive to social accountability, conscious of and responsive to social concerns of internal and external stakeholders including employees, management, owners as well as local and state and federal laws and statutes.
Generally,a company’s policies and processes must be compliant with employment, health and hygiene, safety and environmental laws as well as aligning with the community. Engaging with hundreds or thousands of third parties poses additional challenge in assuring they are socially accountable as well.
Companies must take responsibility for the overall actions of their 3rd parties whether because of internal guidelines, regulatory requirements, or public scrutiny. Hiperos 3PM™ provides for assessing and managing social accountability of your third parties, not just at contract signing, but throughout the life of the relationships.