Supply Chain ESG Assessment using GreenLITE
Your organisation needs to tackle and report on ESG within it’s Supply Chain. The GreenLITE ESG assessment tool will enable you to demonstrate ESG progress throughout 100% of your supply chain.
across an array of ESG metrics.
Up to 98% of your businesses ESG risk and impact is found within your supply chain – this cannot be ignored. ethiXbase GreenLITE is the cost effective solution providing an ESG risk assessment across your businesses entire supply chain. This allows your business to achieve sustainability, ensure resilience, and deliver impact within your network of partners, suppliers and third parties.
GreenLITE ESG employs innovative research and analysis techniques 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 and quantify improvements in supply chain ESG and report therein.
The tool is designed to align with the 10 principles of the United Nations Global Compact and enable companies to measure progress against the UN’s 17 Sustainable Development Goals. The insights provided will allow your business to reduce risk, save cost, and focus your sustainability efforts in pressing areas.
An ESG report on 100% of your Supply Chain, 100% on time, 100% on budget.
ethiXbase GreenLITE is a supply chain ESG assessment tool that enables a consistent analysis of your supply chain in relation to globally recognised ESG standards. The ability to assess your entire supply chain in this way provides you with an excellent platform from which to escalate further risk assessments as well as demonstrate sustainable action.
Gain data insights across your entire supply chain, enabling a consistent assessment of where and how to focus your efforts.
Identify the actions required to ensure resiliency and sustainability in your supply chain and improve your performance.
Rely on an actionable data set to report your ESG activities to your stakeholders as well as showcase progression.
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.
ESG News & Resources
Are you ready to take the next step?
Are you ready to take the next step?