Amid changing expectations regarding environmental impact and exploitative labor practices in companies’ value chains, managing risks at third parties – including vendors, consultants, sales agents, distributors, brokers and even customers - can be time-consuming. During PLI’s recent Compliance & Ethics Essentials conference, experts discussed how companies can stay on top of the corporate social responsibility risks as part of their third-party risk management programs. This article synthesizes insights from their conversation. See “When and How to Audit Foreign Third Parties” (Apr. 23, 2025).