Modern slavery risks have risen in nearly three quarters of the 28 member states of the European Union over the last year, reveals an annual study from global risk consultancy Verisk Maplecroft.
The risk of human rights tainted tungsten, tin, tantalum and gold (3TG) entering the supply chains of tech firms is extending well beyond the traditional home of ‘conflict minerals,’ DR Congo and the Great Lakes Region of Africa, according to new research from risk analysis firm Verisk Maplecroft.
Climate change may deal a significant blow to the economies of countries most reliant on farming, according to new research, which identifies Sub-Saharan Africa as the region facing the highest risk. The Climate Change Exposure Index (CCEI) released by risk analytics firm Verisk Maplecroft reveals that the physical risks posed by climate change are ‘high’ or ‘extreme’ in 85% of the world’s most agriculturally-dependent countries, leaving their economies vulnerable to shocks and company supply chains open to disruption.
Mapping global human rights risk
The map shows that the countries which send and receive migrants in Asia and the Middle East all pose extreme or high risks to business of association with trafficking, according to Verisk Maplecroft’s 2015 Trafficking in Persons Index. The impact of unethical brokers is critical across the recruitment corridors in the Middle East and Asia. Labour brokers play an essential and unavoidable role in providing workers to suppliers. But, during the recruitment journey, workers – and especially foreign migrants – may become exploited, for example, by paying large fees to one or multiple brokers.
Modern slavery, migration and traceability rated as top human rights risks for business – Verisk Maplecroft
A new report analysing the 10 most significant human rights issues impacting business has identified the recruitment of migrants and refugees into forced labour; a lack of information on labour practices deep within the supply chain; and inadequate oversight of suppliers among the biggest threats to the brand reputation of global companies over the next year.
Boko Haram continues to pose a severe threat to companies operating in north-eastern Nigeria. As shown on the map below, the group has been driven out of most areas it conquered during 2014, but attacks on ‘soft targets’ are expected to continue for the foreseeable future. The increased use of suicide bombers to strike in urban areas – alongside hit-and-run style attacks on remote villages – is likely to remain the group’s key tactical feature in the short to medium term.
Terrorism presents an increasing risk to business operations across Niger. The Mali-based Movement for Oneness and Jihad in West Africa (MUJAO) militant group and regional terrorist organisation al-Qaeda in the Islamic Maghreb (AQIM) continue to pose a threat in the north and west of the country. While foreign interests are likely to continue to constitute a primary target for jihadist groups in Niger, the capacity of these groups has been severely weakened by the French military presence in the Sahel.
With the general elections fast approaching, Myanmar’s ethnic parties could play kingmakers for the next administration. The opposition National League for Democracy (NLD), led by Nobel laureate Aung San Suu Kyi, is favoured to outperform Thein Sein’s incumbent Union Solidarity and Development Party (USDP) in the general election. However, the USDP is boosted by its alliance to the military, also known as the Tatmadaw, which has a constitutionally mandated 25% representation in both houses of parliament.
New investors in Cuba will have to pay particular attention to the significant threats posed by natural hazards, including severe storms and droughts. The Caribbean country’s return to the international fold is expected to usher in a wave of foreign investment in tourism, agri-business, and oil and gas exploration. However, operations and infrastructure in Cuba are highly susceptible to hurricanes – the island has been hit by eight major storms since 2001, disrupting supply chains and damaging buildings and homes.
Guerrilla attacks against private sector infrastructure pose a severe risk to operational continuity in Colombia. As the armed forces have become more effective in dealing with attacks by insurgents, guerrillas have increasingly focused on infrastructure in rural areas. Militants primarily target infrastructure associated with the oil and gas sector, resulting in substantial losses for the industry and major environmental damage.
In recent weeks, the Turkey to Greece sea passage has surpassed the North Africa to Italy route in volume of migrants and asylum seekers attempting to reach Europe. Increasing numbers of refugees are fleeing extreme human security situations in Syria (ranked 1st and most at risk out of the 198 countries assessed in Verisk Maplecroft’s Human Rights Risk Index 2015), Iraq (3rd) and Afghanistan (5th), placing further pressures on a weakening Greek economy and struggling infrastructure.
The strategic markets of Philippines, China, Japan and Bangladesh are home to over half of the 100 cities most exposed to natural hazards, highlighting the potential risks to foreign business, supply chains and economic output in Asia from extreme weather events and seismic disasters, according to new research from global risk analytics company, Verisk Maplecroft.
Security concerns pose major challenges to mining operations in the east of the Democratic Republic of Congo. At least 40 armed groups continue to operate in the east of the country and violent clashes between rival factions occur frequently. Both the Congolese army and the UN mission MONUSCO are engaged in ongoing counter-insurgency operations.
Oil and gas companies operating in Libya face a high risk of disruptions and a broad range of security challenges due to ongoing armed conflict. The conflict between the UN-backed Tobruk / al-Bayda-based government of Abdullah al-Thinni and the pro-Islamist ‘Libya Dawn’ government based in Tripoli remains the most pressing concern for the country’s oil and gas industry.
Following a year characterised by widespread conflict and civil unrest, escalating geopolitical tensions and spiralling terrorism fatalities, global stability is unlikely to improve over 2015, according to the seventh annual Political Risk Atlas (PRA) released by global risk analytics company Verisk Maplecroft.
A combination of climate change vulnerability and food insecurity is amplifying the risks of conflict and civil unrest in 32 countries, including the emerging markets of Bangladesh, Ethiopia, India, Nigeria and the Philippines, according to the seventh annual Climate Change and Environmental Risk Atlas (CCERA) released by global risk analytics company Maplecroft.