Source of Influencers
Internal Poor screening or monitoring of ethical risks in the sourcing procedure. Are you paying a fair price? Ensure suppliers don't have to cut ethical corners to make business worthwhile.
External Local customs, practices, and attitudes can potentially override policy - needs to be monitored, and enforced.
Organisational Consequences
Operational Disaffected workforce may provide poor quality goods or services, or fail to hit stretch delivery targets.
Financial Reduction in sales, unease in the investor community.
Reputational Ongoing poor publicity for associating with/'condoning' poor ethical practice.
Sustainability Consequences
Social There are ten principles held by the United Nations Global Compact (UNGC) under the headings of Human Rights, Labour, the Environment and Anti-Corruption - if your organisation isn't vigilant, it could easily find itself failing some, or all, of these.
Economic If customer confidence is dented, this will affect your revenue stream - once disillusioned, it will take a substantial campaign to win back the 'hearts and minds' of your consumers.
|