Designed as a holistic approach, RiskSolve rates risk and solves for exposure to modern slavery for one company. The company is analyzed against the context of material relationships, market presence, and jurisdictional footprint. The result is a deep understanding of the fundamentals behind where, how and why the company is exposed and the steps to work toward a systemic, sustainable solution.
Evidencity analyzes the subject company within the proper context of material relationships, market presence, and jurisdictional footprint, including a review and comparison of subject company peers in the marketplace.
Evidencity delivers diagnostic analysis for how, where, and, most importantly, why you are exposed to modern slavery.
Evidencity helps you consider a range of solutions with a focus on systemic and sustainable action to eliminate modern slavery, not just risk mitigation or avoidance.
CASE STUDY
The Evidencity research team mapped an opaque global supply chain for abaca – a raw material used in paper products and tea bags – as it originates from Ecuador, passing through the Philippines and Japan, to finally land with consumer-facing companies in the European Union, the United Kingdom, and the United States.
We discovered where and how companies deep in the supply chain try to hide their commercial connections, as well as how commercial trade data is organized across multiple jurisdictions.
Not surprisingly, black holes remain.
Abaca fiber, or manila hemp, is a fiber extracted from the abaca plant, or Musa textilis, a banana species native to the Philippines, and is notoriously a labor-intensive fiber to harvest.
Abaca is valued for its strength, durability, and resistance to saltwater damage and is used in various industrial applications. It has been traditionally used for making ropes, twines, and cordage as well as specialty papers, textiles, tea bags, and handicrafts.
Furukawa Plantaciones has been the main producer of abaca in Ecuador since its establishment in 1963. The company is owned by Mavenz Incorporated through a subsidiary registered in Ecuador - FPC Marketing Co. Ltd. As a result, the Ecuadorian company which manages the abaca plantation is indirectly connected to the Japanese and Philippine markets.
MAPPING THE ABACA SUPPLY CHAIN
Mapping the global abaca supply chain has been a cumbersome task with seemingly endless threads to follow. Evidencity’s research team explored the main producing, exporting, and importing countries and identified key players in the abaca industry ecosystem and examined their links to Furukawa’s forced labor case. The extent of business entanglement within the global abaca supply chain was a challenging reality to surmount. Abaca products from Furukawa reached numerous unsuspecting customers around the world.
RISKSOLVE
RiskSolve is a holistic approach to increasing transparency with the goal of solving for modern slavery in critical and material relationships.