Human Rights in Supply Chain Management

Expert-defined terms from the Professional Certificate in Supply Chain Human Rights Regulations (Part II) course at London School of Business and Administration. Free to read, free to share, paired with a professional course.

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Human Rights in Supply Chain Management

International Covenant on Economic, Social and Cultural Rights (ICESCR) –… #

Definition: UN treaty that obliges signatory states to recognize and protect a range of economic, social, and cultural rights, influencing corporate human‑rights responsibilities. Example: A multinational aligns its supply‑chain policies with the ICESCR’s right to fair wages. Practical application: Use the covenant as a benchmark for assessing labor standards. Challenges: Varying levels of ratification and domestic implementation.

Risk #

Based Prioritization – Related terms: risk matrix, severity assessment, resource allocation. Definition: Methodology for allocating due‑diligence resources to the most significant human‑rights risks based on likelihood and impact. Example: A company focuses audits on high‑risk regions for child labour while maintaining spot checks elsewhere. Practical application: Use quantitative scoring, review periodically, and adjust as risks evolve. Challenges: Over‑reliance on historical data and potential neglect of emerging risks.

Stakeholder #

Stakeholder

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