PESTEL (political, economic, social, technological, environmental and legal) analysis is a strategic tool for understanding the macro-environmental factors that companies have to take into consideration when conducting analysis or market research. PESTEL analysis...
According to research by Ethical Corporation in 2016, nearly 50% of businesses stated human rights was their number one supply chain issue in the next year. The United Nations Guiding Principles on Business and Human Rights provide the global standard since 2011...
As organisations become more reliant on complex networks of suppliers and other third parties, the risks they face also expand. But in order to capture the big picture on risk, organisations need to focus on the small picture—at least when it comes to socio-cultural...
LEGO Group will sell some pieces made from plant-based plastic this year—it’s the first step in its bid to make all products and packaging from sustainable materials in 2030. LEGO prioritises corporate social responsibility, earning it the ranking as the company...
Our series on PESTLE risk monitoring concludes with an exploration of the “E” risk—Environmental—and the diverse ways in which it impacts organisations. “Risk is like fire: If controlled it will help you; if uncontrolled it will rise up and destroy you.” Those...