Risk mitigation for audits

Some of your audits cannot be manually mitigated. Find out which and why.

If you have our Risk Analysis feature enabled, you will know about how to identify risks along your suppliers' network and what actions you can take to mitigate them. In retraced, we want to help you out as much as possible with that. This is why we are automatically calculating the risk profile of your network based on your certificates and audits, as well as on your suppliers' certificates and audits. This is possible because of the awesome research of our amazing research team. 👩‍🏫

When and which audits automatically mitigate risks?

Our platform only mitigates risks for an audit when the audit report and the corrective action plan are attached to it. In addition, we only selected audits for automatic risk mitigation that reduce the OECD sector risks by certain and proven amount. That also means that the selected audits don't mitigate all risks but only for a few.

For the risks the selected audits don't mitigate and every other audit you can upload in our platform, you are free to manually mitigate the risk. The following table shows which audits we selected and which risks they mitigate by what factor:

  Amfori BSCI Fair Wear Foundation SEDEX Fair Labor Association (FLA) Ethical Trading Initiative
Child labor 2 2 2 1 1
Sexual harrassment 1 2 - 1 -
Forced labor  1 2 1 1 1
Working time 2 1 1 2 2
Occupational Health and Safety 2 2 2 2 -
Collective bargaining 2 1 1 1 1
Wages 1 1 1 1 1
Hazardous Chemicals - - - - -
Corruption 1 - 1 - -
Water - - 1 - -
Greenhouse Gas Emissions - - 1 - -

 

⚠️ For the listed audits and the according risks, you cannot add a mitigation manually.

❗In order for the automatic calculation to take place, it is necessary that the audit contains a valid audit report!