Manage ESG supply chain
risk with GreenLITE
Operational risks to supply chains have been growing over the last several years – compounded by the ongoing impact from COVID-19. Organisations need a new approach to manage ESG risk in order to enable sustainability and build supply chain resilience.
ethiXbase GreenLITE is a supply chain risk management platform that allows businesses to enable sustainability, ensure resilience and deliver impact within their network of partners, suppliers and third parties, who are vital to their operations.
Our GreenLITE ESG risk management solution employs cutting-edge research and analysis to identify gaps in sustainability, involvement in past controversies and ESG risks that may be hidden in disparate and multi-tiered supply chains. It provides businesses with the data, analysis and tools they need to drive holistic and quantifiable improvements in ESG supply chain resiliency.
ethiXbase GreenLITE is designed to align with the 10 principles of the United Nations Global Compact and enable companies to elevate the UN’s 17 Sustainable Development Goals. It gives our clients the tools and insights they need to positively impact their business operations and achieve a more sustainable and resilient future.
An ESG report on 100% of your Supply Chain, 100% on time, 100% on budget
Create an ecosystem where corporations will fully identify, engage with and understand ESG risks posed by your supply chain and improve operational resiliency.
Inform and encourage prospective business partners, financial institutions and small
businesses to invest in a
Enable supply chain participants to improve their ESG practices, benchmark against their peers and use their elevated ESG
standards as a USP.
ethiXbase GreenLITE enables sustainability and ensures resiliency within your supply chain by providing consistent and reliable analysis of ESG risks. Our enhanced ESG compliance and risk management solution mainstreams sustainability and creates value for all stakeholders through a four-phase approach which cascades ESG management throughout the supply chain and delivers impact through engagement, outlined via the flip cards below:
Global Legislation FAQs
A global regulatory network of ESG legislation is currently emerging that will stipulate the levels of risk reporting, due diligence and remediation that are required within the supply chain.
The French Vigilance Law which was adopted in 2017 dictates that French companies (and French Subsidiaries of overseas companies) of a certain size are required to establish and effectively implement due diligence measures to identify and prevent human rights violations and environmental damage.
The Child Labour Due Diligence Act which was passed in the Netherlands in 2019 and is expected to come into effect in 2022. It requires companies providing goods or services to the Dutch market identify and prevent the use of child labor in their supply chains
Perhaps the most notable recent regulatory development is the March 2021 EU directive on Mandatory Human Rights, Environmental and Good Governance Due Diligence for companies operating in the EU. Although not a binding initiative, the European Commission is expected to table a binding due diligence directive for all companies operating on the EU market by June 2021.
A key aim of the Directive is to ensure that businesses operating within, and supplying goods to, the EU respect human rights, the environment and good governance. This is expected to take the form of obliging EU Member States to legislate to require ESG due diligence and ongoing monitoring on such businesses to identify and assess whether their operations and business relationships cause or contribute to any human rights, environmental or governance risks. It adds that where such risks are identified then due diligence strategies are to be established to identify, disclose and mitigate ESG risks found within the supply chain.
To date the early adopters have primarily been European. However, the US and Canada are also developing their own legislative frameworks to combat forced labour. Although, the US lacks national legislation, under the 2010 California Transparency in Supply Chains Act, companies of a certain size doing business in California are obliged to disclose their efforts to eradicate slavery and human trafficking from their direct product supply chains. Canada is also proposing a Modern Slavery Act that is currently before the senate. Under this act, any Canadian business with (among other stipulations) C$ 40 million in revenue is required to annually report on its anti-modern slavery policies, procedures, training and risk management.
Pension funds, PE and VC firms, financial intermediaries, debt issuers, bankers and data providers, who use GreenLITE to direct capital to ESG-committed enterprises.
Big Box retail, manufacturing, fast fashion and extractive oil & gas, who use GreenLITE to ensure sustainability and resiliency within their supply chains.
Supply Chain Participants
Use GreenLITE to demonstrate ESG credentials, enhance its own supply chain and attract expanded businesses and investments from MNCs and asset owners.
Are you ready to take the next step?
Are you ready to take the next step?