RISK MANAGEMENT SOLUTIONSSupplier Sustainability Assessment Reports
Comprehensive sustainability assessments for your critical/ material suppliers using our proprietary CFID (Compliance, Framework, Initiatives, Data) assessment methodology across sustainability parameters.
Why Supplier Sustainability Assessment?
Supplier Sustainability Assessments are essential for ensuring a sustainable supply chain at any organization. There have been a series of examples where the poor performance of a supplier on the environmental, social or corporate governance front, has led to significant reputational and even financial damage for its customers.
Having sustainability clauses embedded in the supplier code of conduct, and asking suppliers to produce compliance certificates at the time of onboarding them has negligible impact. What is required for your critical/ material suppliers is a comprehensive sustainability assessment that gives you a thorough insight into the strength and weaknesses of the supplier when it comes to its sustainability performance.
How do we do Supplier Sustainability Assessment?
We have a highly experienced team, with more than eight years of experience in conducting ESG assessments of small and large companies from across the globe, for corporates, investors, and ESG rating agencies. We also track the developments taking place in corporate sustainability reporting.
Combining these two attributes we have developed a proprietary sustainability assessment methodology for suppliers that we call the Compliance, Framework, Initiatives, Data (CFID) methodology. We apply this methodology across 90+ sustainability indicators to evaluate each supplier on its sustainability performance and reporting. We further complement this by doing a comprehensive media analysis of the suppliers to identify any negative news pertaining to sustainability parameters and make necessary adjustment to the supplier’s sustainability score. This approach works best for critical/ material suppliers of any organization.
For the broader set of suppliers, we can also conduct sustainability benchmarking dashboards based on their performance on select sustainability parameters.
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OTHER RISK MANAGEMENT SOLUTIONS
NEW SUPPLIER EVALUATION
Get supplier evaluation and benchmarking reports, while identifying a new supplier.