Sustainable and responsible supply chain

Our approach related to a sustainable and responsible supply chain

Forvis Mazars supports companies to meet growing sustainable supply chain requirements by helping them to strengthen their management systems or by performing audits of companies’ supply chains - from mines to retailers.

Operating a sustainable supply chain has traditionally been the subject of voluntary business initiatives, but new legislation is making supply chain due diligence and reporting mandatory for many organisations.  

Companies that do not fall directly within the scope of the legislation are under increasing pressure from their clients and stakeholders to share and report on their data due to their role in the value chain of larger in-scope reporting entities. As a result, organisations that do not have sufficient visibility of their supply chains are likely to suffer, reducing their market access and eroding financial value.

There are several supply chain risks to consider; from compromised human rights or labour rights to causing environmental damage, which generate substantial reputational and business risks. High-profile cases in the media have raised awareness of issues in the supply chain, and organisations that lag behind in improving their conduct will struggle to attract both customers and talent.

Conversely, organisations that operate a responsible supply chain have a more comprehensive overview of their operations and enjoy benefits such as improved quality of goods, fewer delays, greater supplier loyalty, and a more resilient supply chain for the future.

Our services related to supply chain compliance

Our in-depth experience of sensitive supply chains enables us to identify specific risks and opportunities, and to provide tailored services to companies wishing to comply with laws and regulations and strengthen their management systems. 

Global audits & advisory 

• Supply chain due diligence audit (OECD five steps framework covering the integration of responsible business conduct into policies and management systems, impact assessment, mitigation strategies, monitoring of actions, and transparent communication of results.)
• Suppliers audit (e.g. mineral extraction) with the support of our worldwide group
• Audits conducted on a specific topic such as human rights, environment, governance or traceability matters.
• Gap analysis regarding supply chain and risk management
• Corporate Sustainability Due Diligence Directive (CSDDD) implementation and alignment
• EU Deforestation Regulation (EUDR) 

Watch, jewellery and refining industry audits

• RJC audit(Responsible Jewellery Council) - Verification of conformance with
  o    RJC Code of Practice on business ethics, human rights and social performance, environmental performance, management systems 
  o    RJC Chain of Custody on traceability of precious metals
• Fairmined / Alliance for Responsible Mining audit - Supply chain assurance based on an initiative certifying gold of responsible origin ensuring traceability, best mining practices, support for the development of artisanal and small-scale mining communities
• LBMA (London Bullion Market Association) and LPPM (London Platinum & Palladium Market) audit -Verification of conformance with the Responsible Gold, Silver, Platinum and Palladium Guidances (Mandatory sourcing programmes for good delivery refiners that trade with the London Bullion market) 

Our added value 

Forvis Mazars in Switzerland has built a dedicated and experienced team of consultants and auditors specialising in supply chain audits and advisory, focusing on the needs of our clients.

We are currently the only audit firm accredited to conduct sustainability audits including supply chain audits applicable to the luxury goods industry.

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