About the Singapore Apex Corporate Sustainability Awards
We at ethiXbase, are thrilled to receive the Singapore Apex Corporate Sustainability Awards under the Sustainability Solutions category. This category recognises businesses that excel in developing a product or service with outstanding technological attributes that address the sustainable needs of other businesses, the environment, and society. Winners in this category are selected according to the following criteria: Technology attributes; Focus on the future; Measurement of impact; and Innovation.
Organised by Global Compact Network Singapore (GCNS), the local chapter of the United Nations Global Compact (UNGC), the Singapore Apex Corporate Sustainability Awards promotes responsible corporate practices by encouraging businesses to align their operations and strategies to UNGC’s Ten Principles that encompass human rights, labour, environment, and anti-corruption.
Identify, Mitigate And Manage
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?
of third parties have been discovered with alerts on sanctions, enforcements and regulatory actions either at the initial screening stage or through ongoing monitoring.
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.
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
of third parties with risk alerts have been remediated and remained red
of third parties are saved for continuous monitoring.
ethiXbase as the Winner
We are thrilled to receive the Award at the Singapore Apex Corporate Sustainability Awards 2020 virtual Awards ceremony, which was held on the 1st of October 2020 with President Halimah Yacob as the guest of honour.
Mr. Leas Bachatene, Chief Executive Officer, ethiXbase said, “We’re ecstatic on the win and humbled by the continuous support of our clients and the trust and confidence they have placed in us. As we continue to progress and evolve, we believe we can assist in accelerating the change required in organisations globally to become genuinely sustainable.
The journey to achieve complete sustainability across the global supply chain is still long, and with this award, we feel encouraged to continue to help elevate sustainability in our clients’ supply chain across various risk areas including Anti-Corruption, Human Rights, Labour and Environment.
We are honored to be receiving the Singapore Apex Corporate Sustainability Awards (Sustainable Solutions Category). We are committed to promoting long term sustainable and lasting change by delivering robust technology and data analytics to assist corporates and third parties to create and maintain sustainable business practices.”
Our Commitment & How We Can Help
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 the world to 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.
How We Do It?
We provide our clients with an INTUITIVE, ROBUST, and completely CONFIGURABLE platform, which helps elevate sustainability throughout their third-party network.
Our cloud-based, third-party risk management platform, ethiXbase 360 enables our clients to review hundreds of thousands of global suppliers for any history of corruption, human rights abuses, labor violations and environmental crimes.
Data Analytics & Risk Scoring
Our platform gathers over 200 million records from global company registry database, and extracts data across various risk indices such as industry, country, type of business or nature of the service. This is combined with findings from more than 12 million global adverse media records in multiple languages. This data is analysed through a multitude of vertical dynamic algorithms to identify the risks across the client’s entire supply chain.
The analytics obtained through the platform will produce gap analysis and dashboard reporting to help suppliers elevate their standards to meet the UNGC principles.
The information on our third-party risk management enables our clients to make business partnership decisions based on the UNGC principles – allowing them to onboard only ethical suppliers aligned with their sustainability goals.
The suppliers are then continuously monitored to alert our clients to any change in the suppliers’ risk profile.