Editor’s note: This story formed the basis of an e-Book published by the International Compliance Association, a sister company to Compliance Week under the umbrella of Wilmington plc. It is being republished by Compliance Week exclusively for CW members.

From labor relations to human rights violations, inequality and discrimination, corruption, and beyond, organizations are being called upon to identify and manage a growing range of social risks within their day-to-day operations and across their supply chains.

A survey conducted by the International Compliance Association in March sought to quantify through a series of questions how organizations responded to those challenges, how highly they are prioritized, who measures the risks involved, and who is ultimately responsible for addressing them.

The survey of more than 500 governance, risk, and compliance (GRC) professionals found the social risks that corruption and employment standards posed to their supply chains were recognized within their organizations, while other social risks like forced labor and child labor hardly registered at all. While survey respondents said they were confident they understood and are properly monitoring the social risks in their companies’ supply chains, the survey data made clear there are blind spots to certain social risks among respondents within their company cultures and strategic plans.