98% of your business' ESG vulnerabilities are in your supply chain
Elevate sustainability and deliver greater impact across your entire supply chain with the latest ESG capability from ethixbase360. You are only as resilient as your weakest supplier.
Human trafficking, corruption, environmental pollution, worker exploitation. These are not only serious crimes and societal ills. They’re also major threats to your business — especially if your supply chain ecosystem depends on multiple third-party suppliers, distributors, vendors, and partners. The ethiXbase360 platform now comes armed with GreenLITE, a pioneering sustainability screening and assessment capability that enables you to evaluate your third-party partners against globally accepted Environmental, Social, and Governance (ESG) metrics. Assign a risk score to each supplier easily and automatically. In minutes, not months. The payoff? A more resilient supply chain, greater ESG compliance and accountability, and a strengthened reputation as a responsible corporate partner. Working with ethiXbase is not only good business — it’s also good for the world.
Companies adopting comprehensive ESG practices see an average profit increase of approximately 20%, according to the World Economic Forum. Businesses that lag on ESG and sustainability are more likely to encounter supply chain challenges, from overlooked labor rights abuses to ongoing environmental damage. If the third parties in your supply chain are engaged in questionable or illegal practices, you could be held at fault. You’re only as strong as your weakest supplier.
Up to 98% of your business’ ESG vulnerabilities lie within your supply chain. Our innovative feature provides a thorough assessment across your company’s entire supply chain — allowing you to achieve better sustainability and deliver greater impact among your partners, suppliers, and third parties. Sift through thousands of suppliers and benchmark in near-real time. You start receiving the results within minutes.
Active ESG in action
Our new feature offers a consistent evaluation of your supply chain in relation to internationally recognized ESG standards. It equips you with the sophisticated data, analysis, and technology needed to drive and quantify improvements in supply chain ESG and reporting, across the following categories:
We will screen your third parties continuously for ESG controversies or problems such as lawsuits or other legal actions, labor or human rights violations, or environmental damage. We will identify at-risk suppliers and empower you to take further action to mitigate the issue, whether it involves legal steps, training, or policy changes.
Assess ESG Resilience
Do your third parties understand what ESG is and its importance? If so, do they comply with ESG-themed regulations? Our assessment will find out and alert you to potentially risky suppliers so you can educate them, create an action plan, and track their improvement.
Report and Track
We will monitor the risk and resilience levels of your entire supply chain via our consistent scoring methodology. We can do so repeatedly to gauge the ongoing impact of your sustainability efforts.
The new capability aligns with the United Nations Global Compact, which encourages businesses to adopt sustainable, socially responsible policies and to report on their implementation. With this new feature you can also measure progress against the UN’s 17 Sustainable Development Goals — enabling your business to reduce risk, save costs, and focus sustainability efforts in priority ESG areas.
Get a full picture of your supply chain. Enjoy a quickly deployable assessment of where and how to focus your mitigation efforts. Confidently report to your stakeholders that ESG risk is being managed and improvements are being made.
Part of ethiXbase360, our integrated, end-to-end third-party risk management platform, the ESG capability giv you a holistic view of your risk picture and clear steps for escalation, mitigation, and engagement.
The ESG legal landscape is always in flux. New legislation and global standards constantly change and expand. At ethiXbase, we consistently evolve our platform and solutions to keep pace with these shifting requirements.
As ESG guidance and legislation evolve, so do our coverage areas. We currently screen more than 50 risk areas and track policy resilience and awareness across an additional nine. This gives your business valuable intelligence to identify at-risk or weak third parties and collaborate with them toward disclosure and self-assessment of potential ESG violations.
At ethiXbase360, we strive to change the world one supplier at a time by bringing transparency to third-party networks, managing risk, encouraging long-term relationships with the right practices, and ultimately elevating people’s standard of living. Join us in making your business — and the world — more sustainable.
ESG News & Resources
Are you ready to take the next step?