Environmental, Social and Governance (ESG)
Statement

Our ESG Statement

 

ethiXbase is committed to promoting sustainable and lasting change by assisting corporates and their third

parties to create and maintain a sustainable supply chain underpinned by robust technology, data and services. 

Our mission is to accelerate progress towards complete sustainability, by innovating and delivering the most compelling solutions, that help our clients build and maintain sustainable supply chains that benefit the world. 

We are here for the long haul.

Identify, Mitigate And Manage
Third-Party Risk

We help organisations reduce bribery and corruption risks for every stage of their third-party compliance lifecycle, by providing the most configurable, market-leading, end-to-end third-party risk platform.

Our platform is built hand-in-hand with our corporate clients, leveraging on Artificial Intelligence (AI) technology to automate and streamline the third-party compliance lifecyle.

Combining the innovative platform with our global expertise in the risk and compliance space, we provide our clients the assurance that their third-party risks are identified, mitigated and managed on an ongoing basis.

Did You Know?

1.8%

of third parties have been discovered with alerts on sanctions, enforcements and regulatory actions either at the initial screening stage or through ongoing monitoring.

SANCTIONS RISK

5.6%

of third parties have been discovered with alerts on negative media and Politically Exposed Person (PEP) association either at the initial screening stage or through ongoing monitoring.

PEP RISK

6.4%

of third parties were escalated to further due diligence initiatives including Due Diligence Questionnaire (DDQ), signing code of conduct and anti-corruption policies.

DUE DILIGENCE QUESTIONNAIRE

86%

of our clients configured the workflow and predictive risk indicator to align with their internal risk policies and processes.

CONFIGURED WORKFLOW

53%

of third parties with risk alerts have been remediated and remained red

REMEDIATION

100%

of third parties are saved for continuous monitoring.

ONGOING MONITORTING

UN Global Compact

We fully support the UNGC’s call to align strategies and operations with universal principles on human rights, labour, environmental and anti-corruption in order to take action that advance societal goals. We see business as a force for good and are committed to sustainability and taking a shared responsibility for achieving a better world.

Our ESG Governance

Our Board of Directors directly oversees our policies and operational controls for environmental, social and regulatory risk. This is led by our Chairman and our Chief Executive Officer. The Board meets regularly on ESG issues to set goals, budgets, and monitor implementation.

Our ESG Commitment

We strive to build a sustainable, equitable, healthy, and diverse business through a combination of innovative data driven SaaS solutions and exemplary internal environmental, social and governance (ESG) performance.

Our Environmental Stewardship

We believe that climate change is one of the greatest risks to our world, thus we aim to embed environmental stewardship in everything we do. We believe we have a responsibility to minimize environmental impact of our business.

Our Company Culture

We strive to be an optimal employer to our workforce. We know that it is crucial to create safe, healthy and inspiring workplaces where people feel valued. We offer competitive compensation and benefits to all regular full-time employees. Leaders are encouraged to demonstrate an “open door policy” and employees are encouraged to provide feedback. We aim to foster both personal and professional growth for employees at all levels of the organization through training and professional development opportunities.

Our Diversity and Inclusion

We embrace and value diversity in all its forms, irrespective of gender, sexual orientation, age, ethnicity or cultural background. Equal opportunity is integral to our recruitment process and it is our aim to develop a community of diverse talent. We seek to maintain a positive workplace, free from discrimination and harassment.

Our Governance

We view good governance as essential to creating and preserving value for our shareholders and other stakeholders. This includes a sound approach to corporate governance that complies with all applicable laws, rules, regulations and policies as well as unwavering adherence to our values. Our directors and all employees, including senior management, conduct themselves in accordance with the highest moral and ethical standards.

Our Environmental Impact

We will assess the environmental impact of our operations and set objectives in order to improve our environmental performance. We regularly review these targets and we:

Promote responsibility for the environment within the organisation and communicate and implement this policy at all levels.

Reduce the use of energy, water and other resources which in turn will help to reduce operating costs.

Minimise waste by reduction,

re-use and recycling methods.

Comply with all relevant environmental legislation/regulation.

Identify and provide appropriate training, advice and information for staff and encourage them to develop new ideas and initiatives.

Promote and encourage involvement in local environmental initiatives/schemes.

Want to know more about our
ESG management?

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