Innovation in Compliance with Tom Fox Supply Chain and ESG – What You Need to Know: Episode 2 - UFLPA, Supply Chains and ESG with Travis Miller and Jamie Wallisch
Tom Fox welcomes Travis Miller and Jamie Wallisch to part 2 of the Supply Chain and ESG - What You Need to Know podcast series, sponsored by Assent. In this episode, they talk about the Uyghur Forced Labor Prevention Act (UFLPA), and how it impacts the way companies do business across the supply chain.
The UFLPA is a United States federal law that stops companies from importing products made with forced labor in the Xinjiang region of China, or any other part of China with forced labor by workers or other minorities. This law is important because it makes sure that companies are aware of what is happening and take steps to stop it. The UFLPA makes companies use processes that already exist in their business. To follow the UFLPA, your company would need to have a compliance program in place. Jamie also explains how regulators could assess companies' compliance programs using the UFLPA.
For ESG to succeed, ESG is important for companies to do well. Each company out there affects more than just the people who work there. It's not just about who you choose to do business with, but also who you choose to profit from. You can't just condemn bad business practices verbally. You have to be actively engaged in ethical behavior.
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