Ericsson
NASDAQ : ERIC
2016 Information & Communications Technology
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Company Ranking
6 out of20 Companies
Company Score
SUMMARY
Ericsson demonstrates above average disclosure of its policies and practices for mitigating the risk of forced labor in its supply chain, ranking sixth on the benchmark overall. The company exhibits leading practice with respect to its purchasing practices, scoring the highest in this area compared to its peers. In addition, the company’s overall ranking performance is driven by its commitment to addressing forced labor, a supply chain standard that supports this commitment, its processes for monitoring and auditing suppliers, and its remedy programs. To enhance its benchmark performance, Ericsson may consider improving its disclosure of its supply chain traceability and risk assessment processes, developing and disclosing a responsible approach to the recruitment of workers in its supply chain, and communicate its human trafficking and forced labor policies and standards to workers in the supply chain in their local languages.
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SCORE HISTORY
THEME & indicator score
The benchmark methodology has seven themes, selected to capture the key areas where companies need to take action to eradicate forced labour from their supply chains. The themes are comprised of a total of 12 key indicators. For each indicator, a company can score a total of 100 points.
Commitment and Governance
The company's top-level commitments on forced labor, supply chain standards, management processes, training programs and stakeholder engagement
| Awareness and Commitment | 100 / 100 |
| Supply Chain Standards | 80 / 100 |
| Management and Accountability | 50 / 100 |
| Training | 100 / 100 |
| Stakeholder Engagement | 25 / 100 |
Traceability and Risk Assessment
The extent to which the company traces its supply chain and conducts forced labor risk assessments, and discloses information about these processes.
| Traceability and Supply Chain Transparency | / 100 |
| Transparency | / 100 |
Purchasing Practices
The company's awareness and action on purchasing practices that can exacerbate forced labor risks, and its process for selecting suppliers, integrating standards into contracts and cascading them down the supply chain.
| Purchasing Practices | 50 / 100 |
| Supplier Selection | 100 / 100 |
| Integration into Supplier Contracts | 100 / 100 |
| Cascading Standards Through the Supply Chain | 100 / 100 |
Recruitment
| Recruitment Approach | 0 / 100 |
| Recruitment Fees | 0 / 100 |
| Recruitment Audits | 50 / 100 |
Worker Voice
The extent to which the company proactively communicates with workers through the supply chain, enables freedom of association and ensures access to effective and trusted grievance mechanisms.
| Communication of Policies | 50 / 100 |
| Worker Voice | 0 / 100 |
| Worker Empowerment | 0 / 100 |
| Grievance Mechanism | 80 / 100 |
Monitoring
The company's process for auditing (including whether it includes non-scheduled visits, document review, worker interviews) and disclosure about the audit process and findings.
| Auditing Process | 75 / 100 |
| Auditing Disclosure | 60 / 100 |
Remedy
The extent to which the company has corrective action plans for non-compliant factories, as well as processes for remedying workers who are victims of forced labor, and reports on remedies provided.
| Corrective Action Plans | 75 / 100 |
| Remedy Programs | 50 / 100 |