SRAC, as IQNet Representative, is providing SMETA assessment services on behalf of IQNet Ltd (IQNet Ltd is a member of Sedex Auditing Company Group).
Benefits for retailers and their suppliers
- Enabled collaboration;
- Improved supplier relationships and supplier chain management;
- Protected and enhanced reputation and reduced reputational risk;
- Improved competitive position for suppliers;
- Demonstrated commitment by all parties to improve ethical performance;
- Retailer confidence in their supplier's implementation of ethical work practices;
- Transparency and trust through independently verified compliance (through SMETA audits);
- Reduced duplicate auditing and multiplied information channels (through SMETA audits);
- Undergoing an assessment based on a methodology commonly accepted by more than 600 Sedex A and AB members (prerequisite for commerce).
Benefits for workers
- Improved worker morale;
- Fair, safe and equitable work environment;
- Improved working conditions;
- Fair and continuously improving ethical practices;
- Culture oriented towards health and safety at work and environmental protection.
Sustainability is one of the most significant global challenges. Organizations are increasingly required to demonstrate proactive management of the ethical and responsible performance and impacts of their business operations; and this expands beyond the organization itself throughout its entire supplier chain.
Stakeholder demands are increasing and ethical performance expectations are becoming more prevalent.
Organizations need to understand and monitor global spread supplier chains, while effectively cooperating with such business partners in driving continual improvement. At the same time, suppliers need to demonstrate their ethical commitment and undertaking, while sometimes facing the challenge of various specifications, codes and standards required by their customers.
Sedex is a not-for-profit global membership organization, with its Head Office based in London (UK), dedicated to driving ethical improvements in global supply chains (www.sedexglobal.com).
Sedex global collaborative platform provides an effective solution for sharing ethical data among business partners, supporting an effective supply chain management and improvement of practices.
Sedex SMETA (Sedex Members Ethical Trade Audit) is a common audit methodology and report developed by Sedex members in order to meet multiple customer requirements and reduce duplication of effort in ethical auditing.
A SMETA audit is based on:
- The 9 elements of the ETI (Ethical Trading Initiative) code which form the measurement criteria with local law;
- Specific requirements for Management Systems, Entitlement to Work, Sub-contracting and Homeworking, 2-Pillar / 4- Pilar.
- A common Best Practice Guidance on conducting ethical trade audits;
- A common audit report format;
- A common corrective action plan format.