Maxsight customers can now benefit from the new Forced labor risk assessment check that helps detect forced labor risks within third-party networks.

The check measures the risk of severe forms of labor exploitation, including forced labor, modern slavery, and human trafficking. It also measures the degree to which an organization may have a severe lack of resilience and capability to respond to these exploitation risks.

How it works

The Forced labor risk assessment makes use of Moody’s forced labor risk database as its data provider. 

The data provider uses the company custom check template.

Users must send a survey to their suppliers to be filled out. Data from the survey is then used to generate scores. A Forced labor risk score is provided along with a score for each component. The components are Business, Industry, and Country. Each component score is broken down into different risk category scores, which can each be further broken down into metric scores.

Details of the survey, including when it was sent, viewed, or submitted are provided as well as the data completeness level of the survey. Data completeness refers to the level of information available from the supplier survey when the check last ran compared to the information that was requested.

Country and industry reference scores are also provided. They indicate an organization's baseline risk score for country and industry.

Recommendations linked to each metric are presented. These recommendations offer guidance on how to mitigate risk in that area. 

Thresholds for the Business, Industry, and Country component scores can be configured in the data provider settings, causing the check to pass or fail based on the returned results.

Out of scope/future improvements

Product risk alerts

Using the new Forced labor risk assessment integration

If you’d like us to set this up for you, contact your Relationship Manager or fill out this form.

Helpful links

You can read more about our methodology here.