- News & Views
- Solution Providers
Social Sustainability in Trade & Development Policy: A Life Cycle Approach to Understanding and Managing Social Risk
February 24, 2014
Researchers at the EU’s Joint Research Center used the Social Hotspot Database together with EU trade statistics, to look at comprehensive supply chain risks for the EU-27 countries.
The methods described and applied in the study can be applied equally by companies to discover and understand the social risks and opportunities in their own supply chains.
The report concludes
"Our analysis underscores the importance of a life cycle-based approach to understanding and managing social risk in support of policies for socially sustainable development. Moreover, the methods and information presented herein offer a potentially powerful decision-support tool for policy makers wishing to better understand the magnitude and distribution of social risk associated with EU production and consumption patterns, the mitigation of which will contribute to socially sustainable development within Europe and abroad.”