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This distribution indicates that the majority of suppliers are considered low risk, reflecting relatively stable operating environments and lower exposure to high-risk sectors. However, a significant number of suppliers fall within the medium-risk category, highlighting areas where further transparency and verification are required. A small number of suppliers are classified as high priority. These classifications do not indicate confirmed human rights violations but rather reflect elevated risk exposure and the need for enhanced due diligence. This elevated risk exposure is seen largely at a sectoral level for our suppliers. This exposure is primarily associated with suppliers operating in metals and mining-related industries (including steel, iron, and aluminium), industrial manufacturing, automotive components, chemicals and plastics and raw material processing. These sectors are typically characterised by labour-intensive production processes, complex and multi-tiered supply chains, and, in some cases, upstream sourcing of raw materials from higher-risk regions. As a result, they are more commonly associated with potential risks such as inconsistent labour standards, health and safety challenges, and limited visibility into sub-supplier practices. These high priority suppliers are also larger in size which leaves them open to a higher likelihood for scrutiny.
Key findings The analysis identified several key risk areas:
Lack of formal human rights policies: A number of medium and large suppliers reported that they do not have formal policies addressing human rights and working conditions. This limits transparency and increases uncertainty in risk assessments. Limited audit activity: Many suppliers reported that their sites have not undergone audits, reducing the ability to verify compliance with labour and human rights standards. Risk driven by external exposure: Most medium- and high-risk classifications are linked to geographic and sector-related factors rather than identified incidents. This indicates potential risk exposure that requires further investigation.
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