Social Impact Assessments
The Social Impact Assessment from IETP is a new tool for companies to use to measure and improve the effectiveness of management systems in place to support worker wellbeing and ensure safe workplace conditions
We believe that all businesses should have a positive impact on their workers and other people affected by their operations. The assessment is based on an ethos of ‘you can’t improve what you don’t measure’ – to improve social impact the first step for a company is to measure what it is doing now. From there it can map a path to improvement.
The IETP Social Impact Assessment is designed to look at a manufacturing site, vendor, agent, or licensee’s social impact by measuring the effectiveness of management systems in place for labor standards in their businesses and in their supply chains. Social impact covers the effect an organization has on people and communities as a result of its actions, activities, projects, programs, or policies.
The assessment is not an audit; it is a capacity-building exercise that is designed to help the organizations completing it by providing them with advice, coaching, and a tailored improvement plan based on the findings.
The assessment costs $650 USD and consists of a self-assessment questionnaire and an independent evaluation call with an IETP assessor. Following this, the supplier will receive a tailored improvement plan and verified score.
It is also possible for suppliers to undergo a combined Environmental & Social Impact Assessment, the fee for which is $1,000 USD.
The Social Impact Assessment program provides:
Remote online assessments help reduce audit burden, scalable and low cost
Globally available, non-category specific assessments, applicable to any supplier you are working with
External independent and trusted verification of suppliers performance
Two types of assessment
Assessment Process
1.
Supplier completes online self-assessment questionnaire on their management systems in place for social compliance
2.
Independent evaluation conducted via phone/video with factory and IETP
3.
Improvement plan issued by IETP with priority areas identified
4.
Supplier receives support and resources to implement suggested improvements
Benefits of using the Social Impact Assessment program
Enables risk-based approach
Provides support for suppliers & workers
Improves standards at suppliers & promotes supplier ownership of social compliance
Enables risk-based approach
Provides support for suppliers & workers
Improves standards at suppliers & promotes supplier ownership of social compliance
Efficient oversight & due diligence program
Low cost, efficient and global
Applicable to any product category
Efficient oversight & due diligence program
Low cost, efficient and global
Applicable to any product category
Hear from program users
The IETP Social Impact Assessment provides both us and our suppliers with greater insight into the effectiveness of their labor standards and worker wellbeing management systems. The assessment offers meaningful observations on a range of performance areas and a clear time-framed strategy that suppliers can follow to build capacity, increase capability, and to further drive up standards.