Over the last decade regulatory pressures requiring companies to carry out third party due diligence have primarily focussed on compliance across three areas; anti-bribery and corruption, anti-money laundering, and sanctions regulation. The shipping sector is...
Risk management and legal compliance are serious issues for all businesses. A tightening of regulation - and the fear of negative publicity as a consequence of perceived unethical conduct - has placed such issues into sharp focus. Nowhere is this risk more acute...
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...
In March 2015 the Modern Slavery Act became law. Its effect on UK businesses will be significant. The first of its kind in Europe, and one of the first in the world, to specifically address slavery and human trafficking in the 21st century, the Modern Slavery Act...
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...
Our series on PESTLE risk monitoring continues with a deeper look at "T"—Technological risk—and how it can impact organisations enterprise-wide. The World Economic Forum, in their Global Risks Report 2017 have stated that: "The deep interconnectedness of global...
Economics is at the core of every business. Defined as the production, consumption, and movement of wealth, economic factors have a significant influence over how successful, sustainable, and profitable an organisation is. But if things go wrong, economic risks...
Regulations and laws are the essential components of ensuring a level playing field for businesses and societies, and they affect every business. The legal factors which affect businesses can both negatively and positively impact on how a company operates and how...
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...