Telefonaktiebolaget LM Ericsson (publ)
OME : ERIC.B
2020-2021 Information & Communications Technology
Company Ranking9 out of
Telefonaktiebolaget LM Ericsson (Ericsson), a Swedish communications equipment company, ranks ninth out of 49 companies, disclosing more information on its forced labor policies and practices than its peers across all themes. Compared to 2018, the company’s score improved by nine points. This is because the company includes a no-fee policy in its supplier code, discloses both a remedy process and remedy outcome, actively engaging with peer companies on forced labor, data points on its supply chain workforce, further details on its audit process, and conducting “forced labor surveys” with its direct and indirect suppliers’ workers in China and India. Notably, the company takes steps to assess and address risks in the lower tiers of its supply chains. Additional steps the company could take to address forced labor risks in its supply chains include strengthening its disclosure and practices on the themes of Purchasing Practices, Recruitment, and Worker Voice.
HOW DO THEY COMPARE?
The comparison tool allows companies' results to be easily compared. Up to two additional companies can be selected and compare against each other as shown below.
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
|Commitment||100 / 100|
|Supplier Code of Conduct||100 / 100|
|Management and Accountability||75 / 100|
|Training||60 / 100|
|Stakeholder Engagement||50 / 100|
Traceability and Risk Assessment
|Traceability and Supply Chain Transparency||50 / 100|
|Risk Assessment||100 / 100|
|Purchasing Practices||25 / 100|
|Supplier Selection||50 / 100|
|Integration into Supplier Contracts||30 / 100|
|Recruitment Approach||0 / 100|
|Recruitment Fees||75 / 100|
|Monitoring and Responsible Recruitment||25 / 100|
|Rights of Workers in Vulnerable Conditions||30 / 100|
|Freedom of Association||0 / 100|
|Worker Engagement||12.5 / 100|
|Grievance Mechanism||30 / 100|
|Monitoring Process||80 / 100|
|Monitoring Disclosure||70 / 100|
|Corrective Action Plans||75 / 100|
|Remedy Programs||75 / 100|
See the specific risks a company might be exposed to as we move further down a supply chain