Origin and chain of custody
Seek appropriate clarity on where material originates and the parties that handle it.
Responsible sourcing
Know the counterparty. Understand the origin. Test the risk.
Responsible sourcing is a risk-based process. The depth of review should reflect the commodity, geography, counterparty and proposed transaction.
Risk screening
Consider sanctions, corruption, human rights, environmental and other relevant risks.
Contractual expectations
Communicate applicable conduct, document and compliance requirements to counterparties.