Salient Risk Supplier Assessment SRSA Recording

Salient Risk Supplier Assessment (SRSA) Traditional brand and scheme (i.e. SMETA, BSCI, SLCP, WRAP, etc.) social audits provide efficiency and help reduce audit fatigue, but they often fall short in giving brands (and regulators) confidence that the most serious risks are being identified. The truth is that their broad, standardized checklists, limited onsite time, restrictive reporting guidelines, and lack of independence undermine their effectiveness. This weakness has prompted both widespread criticism and now mandatory Human Rights Due Diligence (HRDD) laws. Legislation that requires companies to demonstrate their ability to identify, prevent, mitigate, and remediate “salient risks” to workers (not brands) using a risk-based approach. Mosaic’s new Salient Risk Supplier Assessment (SRSA) program is designed for this new reality. It prioritizes independence and depth over breadth, focusing on known salient-risks and applying targeted, investigative techniques proven to find nuanced critical issues; the issues everyone on the ground know are happening, but normal social audits don’t find. SRSA use cases Supplemental assurance and oversight of audit schemes Harvesting reports from suppliers makes perfect sense, but scheme shortcomings often paint a false picture of risk and security. SRSA serves as an effective oversight and assurance mechanism, improving program credibility by confirming risk exposure to the most critical issues and with your most important suppliers. Deploying SRSA across even 10% of your suppliers can make a huge difference. Agile tool for sub-tier and subcontracted suppliers A truly risk-based due diligence approach requires looking beyond tier-one suppliers to where risk is most concentrated. SRSA enables efficient and targeted assessments of subcontractors and upstream suppliers, expanding coverage without unnecessary cost. By focusing on known risk patterns, it ensures resources are deployed where they will have the greatest impact. Full traditional social audit program replacement We recognize the strategic and operational challenges brands face when attempting to make audit program changes. However, for companies that desire a defensible, regulatory driven, risk-based due diligence program, SRSA was built for you.