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What is at stake?
Why is it important?
Since the choice of partners plays a crucial role in the social and environmental impact of the business, it is equally important to maintain high standards and verify if they are adhered to by all parties.
This is precisely the purpose of regular monitoring of respective commitments. Audits can be conducted annually or in case of any issues.
3 key steps to take action
1️⃣ Establish a map of all partners to have a comprehensive overview
(Most project initiators cannot name all their partners!)
2️⃣ Implement regular monitoring of these partners, and take the opportunity to ensure that the partners are still aligned with the project.
→ Some aspects to check:
- The quality of the products or services provided
- Performance
- Management of various risks
- Respect for proper working conditions of partners, especially abroad
- Adherence to the initial commitments and alignment with the startup
3️⃣ Engage and raise awareness among partners about the startup's mission, needs, and values.
⇒ Involve them in the change and help them progress
📚 Resources and further reading
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