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.

New ESG capability on ethiXbase360 — ESG benchmarking for 100% of your supply chain

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.

ESG is an investment. Drive results and transparent oversight with ethiXbase

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.

Gain insight into ESG Risk for your entire supply chain

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:

Surface risk

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.




Our benefits

Credibility

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.

Comprehensive

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.




Integrated

Part of ethiXbase360, our integrated, end-to-end third-party risk management platform, the ESG capability give you a holistic view of your risk picture and clear steps for escalation, mitigation, and engagement.

Evolving

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.

Coverage

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

Oracle to pay about $23 mln to resolve a second SEC bribery case

Oracle Corp will pay about $23 million to resolve charges its units in Turkey, the United Arab Emirates and India used slush funds to bribe …

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Persil advert banned for misleading green claims

Unilever countered that the advert showed how its liquid detergent was “kinder” to the planet because it saved energy by cleaning in fast washes and …

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How retailers’ attitudes toward unionization clash with their ESG policies

“More consumers and investors are beginning to see some retailers’ policies in the U.S. as at odds with much of their ESG-based rhetoric around issues …

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Decathlon, H&M commit to honest sustainability claims

“In the course of the investigation, the two retailers indicated they were willing to adjust their practices and to make commitments, ACM said, adding that …

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A More Resilient Supply Chain From Optimized Operations Planning

Across industries, companies that rely on transported materials for their operations have gained hard-earned knowledge from major disruptions over the past couple of decades. During …

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Private Equity’s ESG Balancing Act

Author: Paul Johns, chief marketing officer, ethiXbase As supply chains continue to reel after the multiple blows dealt by the pandemic, the Russia-Ukraine war and …

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Scrambling Behind the Scenes: What’s Behind the ESG Pushback?

As businesses face an escalating demand for ethical sourcing and operations, ESG has evolved from an idealized concept to a radically divisive topic in a …

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Bracing for the New Wave of ESG Whistleblowing

Despite growing pushback against Environmental, Social and Governance (ESG) investing, companies must face the fact that ESG isn’t just a trend to wait out. Alarm …

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Does ESG really matter – and why? McKinsey Quarterly

Although valid questions have been raised about ESG, the need for companies to understand and address their externalities is likely to become essential to maintaining …

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Avoiding Cancel Culture Means Managing Third-Party Risk

Author: Leas Bachatene, CEO, ethiXbase Today, it’s not enough for leaders to ensure their company values are echoed through the halls of social media. Regulators, …

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Europe: Foreign Subsidiaries Set to Comply With European Union ESG Rules

European lawmakers are set to require 28,000 foreign subsidiaries to comply with EU ESG rules which were originally being fought by the US. The businesses …

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United States: Bank of America Doubling Down on ESG in China

The Bank of America is pledging to double it’s green bond activity during the next two or three years. According to representitives from BofA, by …

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Europe: ESG Closely Linked With Russian Conflict

Russia’s attacks on Ukraine and the sanctions that have come with it are presenting newfound challenges for businesses. Companies will need to take action against …

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United Kingdom: Allianz Demanding Link Between ESG Performance and Executive Pay

Allianz Global Investors has announced that, beginning next year, it will be voting against UK businesses that do not link executive pay with ESG performance. …

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World: Pemex Under Investor Pressure to Raise ESG Standards

Pemex is facing difficulties over strategy in relation to the privatisation of its business. This could become an increasingly salient issue for the company as …

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World: Why Private Equity should lead on ESG

Private Equity firms are well-positioned to capitalise on ESG and drive the market into more developed, established states. Private equity capital touches every corner of …

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United Kingdom: Investors sticking with ESG despite tech slump

January showed solid uptake of ESG stock funds despite the poor performance of the US Technology sector, indeed inflows were higher for ESG funds than …

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5 ways that ESG creates value

ESG is fast becoming a business imperative. From 2019 to 2021, the percentage of institutional investors that implemented ESG approaches rose by 18%. The E …

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Europe: Controversial companies losing access to Europe over ESG issues

Deutsche Bank analysts are suggesting that Europe’s chasing of high ESG standards may be pushing controversial companies to the US, where ESG is less important …

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What do global climate summits mean for businesses?

Climate Summits  2021 saw the passing of the internationally significant United Nations Climate Change Conference 2021 (UN COP26) in Glasgow. Equally, 2022 will mark the occasion of …

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ESG best practises are quickly emerging for Private Equity firms, as the need for sustainable invests rises. Wind turbines and an agriculture field.

How Private Equity Can Start Taking ESG Seriously

In today’s investment world, there is a strong conviction that sustainability will create greater value over time. As funds struggle to pursue target businesses and …

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United States: Latest research highlights ESG rise amongst U.S insurers

A recent survey conducted by investment firm, Conning, has shown that increasing numbers of U.S insurers are initiating serious ESG analysis. Interestingly, 91% of respondents …

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United States: BlackRock’s Larry Fink is doubling down on his ESG fondness

One of the most powerful private investors in the world, Larry Fink is reaffirming his position on the merit of ESG. He stressed in his …

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United Kingdom: ESG standards are key for UK’s competitiveness, says IA

The chief executive of the Investment Association has said the development of consistent standards on environmental, social and governance investing will be key in helping the …

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Norway: Norway’s wealth fund cut 300 firms in a decade on ESG risk

Norway’s $1.4 trillion wealth fund has exited hundreds of companies over the past decade to avoid the environmental, social and governance risk it says they …

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Europe: ESG Duds Have Nowhere to Hide, World’s Biggest Stock Owner Says

The chief executive of the world’s largest stock owner says life is about to get a lot harder for companies that fail environmental, social and …

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Europe: Net inflows into UBS ETFs this year have been only to ESG funds

All of the net inflows collected by UBS exchange-traded funds this year are into sustainable products, while its other ETFs have seen aggregate net outflows. …

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Global: ESG investing has a blind spot that puts the $35tn industry’s sustainability promises in doubt: Supply chains

If you own stocks, chances are good you have heard the term ESG. It stands for environmental, social and governance, and it’s a way to laud …

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United Kingdom: UK firms forced to show how they will hit net zero

Most big UK firms and financial institutions will be forced to show how they intend to hit climate change targets, under proposed Treasury rules. By …

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United Kingdom: Fund managers in U.K. face more ESG red tape with new proposal

Asset managers in the U.K. may be facing more rules dictating how to classify environmental, social and governance investments than their peers in the European …

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United Kingdom: World leaders promise to end deforestation by 2030

More than 100 world leaders have promised to end and reverse deforestation by 2030, in the COP26 climate summit’s first major deal. Brazil – where …

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United States: Invesco launches ESG version of $200bn exchange traded fund

A new version of one of the world’s biggest exchange-traded funds will manage holdings adhering to environmental, social, and governance criteria. One feature will be …

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United Kingdom: Shipping industry faces ESG heat from lenders

Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate going greener, according to Boston …

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United States: Trillion-Dollar ESG Boom Is Punishing Old-School Energy Stocksclimate, corporate responsibility, CSR, environment, environmental social governance, ESG, ESG data, governance, supply chain

The commodity rally may be the talk of Wall Street, but old-school energy producers are still lagging the oil price big time — a tell-tale …

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Dubai: Etihad Raises $1.2 Billion in Sustainability-Linked Debt

Etihad Airways said on Wednesday it has raised $1.2 billion with a loan linked to environmental, social and governance (ESG) targets in global aviation. The …

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How can pharmaceutical companies be more sustainable?

The pharmaceutical industry is a key component of the global economy, driving medical research while improving the well-being of patients around the world. Yet the …

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ESG and Sustainability: The Pharmaceutical Dilemma

As powerful as it is, the pharmaceutical industry will continue to face growing scrutiny in relation to its handling of all matters ESG and sustainability. …

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Singapore: SGX RegCo seeks feedback on climate reporting, ESG, board diversity proposals

Listed companies in Singapore could be required to make mandatory climate-related disclosures and provide details on their board diversity policy in the coming years, with …

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United States: U.S. Authorities Probing Deutsche Bank’s DWS Over Sustainability Claims

U.S. authorities are investigating Deutsche Bank AG’s asset-management arm, DWS Group, after the firm’s former head of sustainability said it overstated how much it used …

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Norway: Banks’ hidden ESG risks exposed in Norway wealth fund review

Finance has emerged as one of the sectors around which climate risk is least well understood, according to a review intended to set a new …

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World: More consumers are holding brands accountable to sustainability commitments

Consumers are holding brands accountable for their commitments when it comes to sustainability, finds a BBC study. BBC Global News found 81% agree that clearly …

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World: Companies urged to adopt ESG standards

Companies stand to lose substantial investment opportunities without environmental, social and governance (ESG) compliance, which has become an increasingly important criterion for inclusive, equitable and …

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World: Regulators to unlock ‘black box’ of ESG corporate ratings

Global regulators took the first step on Monday to unlock the “black box” of corporate environmental, social and governance (ESG) ratings, suggesting formal oversight of …

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United Kingdom: Rights groups join forces to call for UK corporate accountability laws

Almost 30 organisations have joined forces to call for the UK to follow in the footsteps of its European partners by introducing corporate accountability laws …

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French prosecutors probe modern-day slavery claims against Saudi prince

French prosecutors said Monday they are investigating claims that a Saudi prince kept seven employees in a state of modern-day slavery at an apartment he …

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Brazil: Brazil’s BRF joins rivals in making 2040 zero carbon pledge

Brazilian meat processor BRF SA on Wednesday pledged to slash its net carbon emissions to zero by 2040, seeking to elevate environmental standards in a bid …

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World: Regulators to tighten scrutiny of asset managers to stop ‘greenwashing’

Global securities regulators have proposed a stricter approach to preventing asset managers from ‘greenwashing’ or overstating the climate-friendly credentials of their products to investors. IOSCO, …

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World: Global watchdog to tackle greenwashing with ESG ratings guidance

A global securities watchdog plans to publish its first regulatory guidance for raters of corporate environmental, social and governance (ESG) performance in July to stem …

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Europe: EU countries approve landmark climate change law

European Union countries on Monday gave the final seal of approval to a law to make the bloc’s greenhouse gas emissions targets legally binding, as …

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Identifying and managing modern slavery in the construction industry 

Modern Slavery is the illegal exploitation of people for personal or commercial gain. Borne out of greed, mismanagement and inequitable power structures, it has taken hold …

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World: Global regulators to introduce first oversight of ESG raters

A global securities watchdog plans to publish its first regulatory guidance for raters of corporate environmental, social and governance (ESG) performance in July to stem …

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United States: US Supreme Court throws out ‘modern slavery’ case

The US Supreme Court yesterday threw out a lawsuit accusing Cargill and a Nestle subsidiary of knowingly helping perpetuate slavery at Ivory Coast cocoa farms …

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United Kingdom: UK financial watchdog proposes broader scope for climate disclosures

Britain’s financial watchdog on Tuesday proposed widening the number of companies that should use globally accepted standards for disclosing the impact of climate change on …

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United States: JPMorgan to exclude Petronas, Pertamina from EM ESG index

Malaysian state-owned energy company Petronas and Indonesian counterpart Pertamina are on a watchlist for removal from JPMorgan’s ESG EMBI index, the bank said in a …

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ethiXbase launches GreenLITE – a new ESG risk management solution that automatically audits 100% of supply chains as sustainability takes centre stage

ethiXbase, the award-winning data and risk analytics company, has launched GreenLITE – the latest ESG risk management solution on the market that enables businesses to automatically screen …

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World: New global sustainability disclosures board draws heavyweight backing

Former European Central Bank President Jean-Claude Trichet will head an advisory group on setting up a global board for sustainability-related company disclosures, the IFRS Foundation …

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World: Sustainable investing boom and net zero pledges drive ESG talent war

The push for businesses to be run more sustainably is driving a surge in demand for professionals with environmental, social and governance expertise, according to …

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What is ESG reporting and why is it important?

ESG performance is fast becoming a business imperative.  The movement has gained momentum in status and importance in recent years, and now guides the strategy and …

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United Kingdom: Modern slavery strategy to be published only every three years

The Department of Justice is to seek permission from MLAs to publish modern slavery and human trafficking strategy every three years instead of every one year. …

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United States: Exxon loses board seats to activist hedge fund in landmark climate vote

A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force …

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Malaysia: ‘Slavery’ found at a Malaysian glove factory. Why didn’t the auditor see it?

In December 2020, with coronavirus infections spreading rapidly across factories and workers’ dormitories in Malaysia, officials raided latex glove maker Brightway Holdings near Kuala Lumpur. …

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Europe: What does green mean? Investors grapple with definitions and data

Coming up with accurate data on companies’ environmental, social and governance records has always been difficult for investors. Demand for so-called ESG funds may be …

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United States: SPACs target more ESG companies in 2021 -Nomura Greentech

Companies with environmental, social and governance (ESG) credentials have been high on the list of merger targets for U.S. special purpose acquisition companies (SPACs) so …

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Asia: Governance failings impede Asian companies ESG efforts -report

Asian regulators should tell companies how to reform their boards to better address environmental, social and governance (ESG) challenges, according to recommendations published on Thursday …

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United States: Amazon raises $1 billion sustainable bond for climate, social causes

Amazon.com In issued its first sustainability bond on Monday, raising $1 billion to invest in renewable energy, clean transport, greener buildings and affordable housing. The …

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Norway: Norway’s $1.3tn oil fund broadens ESG screening to smaller companies

Norway’s $1.3tn oil fund will screen the hundreds of new companies it adds to its portfolio each year for environmental, social and governance risks as …

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