Embedded into all risk areas are the overarching risk categories of

Human Rights
Compliance with laws and external and internal policies, rules and regulations
Regulatory Risk

Risk Identification:

Prior to onboarding a supplier it is important to us to conduct an initial risk assessment as part of our decision-making process. We conduct a basic risk assessment on the supplier and the nature of their expected product or service (relationship) to get a broader picture of the potential risk profile and hence reduce the chance of unknowingly inheriting undesirable risk.

Risk Analysis:

Identified risks are categorized against the Adecco Group Risk Catalogue, which is a library of the most common risks that may occur based on our business model.

Risk Assessment:

We assess the supplier risk based on their inherent risk profile by applying a risk-based tiering approach. Based on the supplier risk profile, the risk assessment can involve several risk areas such as Compliance, ESG, IT Risk, Data Privacy, and others.

Treat the Risk/ Mitigation:

Risks either need to be eliminated or mitigated. This is done by subject matter experts of the category to which the risk belongs, who define the necessary mitigation actions and oversee their implementation.

Monitoring

Suppliers can be included in several specialized risk management programs for ongoing assessment and mitigation. Changes in supplier profile, relationship profile or for example regulatory changes may trigger an assessment. Our supplier portfolio will be continuously monitored to ensure that obligations are fulfilled, and the Adecco Group and its stakeholders are not exposed to undesirable risk.

Integration and training

When carrying out procurement duties and responsibilities, the Adecco Group`s employees that are in contact with the suppliers are expected to address the Group’s commitments to legal, ethical, environmental and social standards. Our internal policies and procedures specifically address these commitments in procurement activities. Relevant employees receive training according to their responsibilities.

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