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Corporate Sustainability Due Diligence & Reporting
Identify, manage and report on sustainability risks across your global value chain
AREA: Corporate sustainability
Identify, address and report on impacts in your global value chain
Enterprises with a European footprint are increasingly obliged by local and regional due diligence laws such as the German Supply Chain Due Diligence Act (LkSG), Corporate Sustainability Due Diligence Directive (CSDDD) and Corporate Sustainability Reporting Directive (CSRD) to disclose publicly the steps they are taking to protect people and the environment harmed by their global value chain operations. Take a risk based approach with the Ethixbase360 Third Party Risk Management platform with subject matter input from Norton Rose Fulbright’s lawyers with extensive experience in human rights and related environmental, social and governance (ESG) issues.
Risk Assessment
Our Supply Chain Due Diligence Questionnaire, developed by Norton Rose Fulbright, helps organizations seeking to comply with existing, and emerging supply chain due diligence requirements offering a risk rating to assist to identify, manage and report on risks across your value chain and plan mitigation measures to respond.
Due Diligence & Escalations
Due diligence looks different based on a variety of factors. Ethixbase360 makes it easy to deploy a proportionate level of due diligence with screening, ongoing monitoring, enhanced due diligence and collaborative certification all available via the Ethixbase360 platform. All activity and results are tracked on the third party’s risk profile for a complete event log to evidence your approach.
Third Party Engagement
The adoption of strict supply chain due diligence requirements are challenging companies to learn more about their third parties. Our Supply Chain Due Diligence Questionnaire promotes direct engagement in a pragmatic format that is easy to complete and covers key risk topics. Additionally, the Ethixbase360 platform can be used to deploy collaborative certification tools, policy information and/or risk-based eLearning as necessary.
Reporting
Mandated reporting requirements from multiple jurisdictions can be supported with Ethixbase360’s analytics dashboards. An intuitive interface delivers critical data that builds a real time picture of your value chains impact in key risk areas. Ease of use, configurability, and centralized data facilitate visibility and clarity so that you can gain an accurate view of your exposure and track progression over time.
Ethixbase360’s configurable technology allows you to automate your third-party risk management workflows based on existing processes, with the ability to scale, refine and evolve as your business grows in size and complexity.
Leverage Ethixbase360’s team of experienced analysts to get the most out of your TPRM program. With in-house dedicated managed service teams for questionnaire follow up, screening remediation and classification available.
Integrate Ethixbase360 into existing workflows and internal systems via our RESTful API, to streamline third party onboarding, ongoing management and integrate actionable intelligence.
HUMAN RIGHTS & ESG ADVISORY SERVICES
As a global leader in the area of business human rights and ESG, Norton Rose Fulbright are well placed to provide pragmatic advice on compliance and best practice in managing risk.
● Designing and implementing a customized human rights management framework
● Developing human rights policies and procedures including procurement processes and supplier terms
● Advising on reporting requirements
● Analyzing the results of your risk assessment
● Developing strategies to address identified risks
Resources
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Book Consultation“The greatest value for us is the documentation on the system of three elements: compliance clause, due diligence questionnaire and code of conduct for each third party. Also, what is valuable is the fact that they were designed by us and it’s configurable.”
Head Integrity & Compliance
Global Retail Company
“Ethixbase360 has been really helpful and responsive. The platform itself is very user-friendly and everything now is much more organized for us and there’s a lot more automation in the process now. They have been really helpful with not just the product, but also suggestions. They’ve sometimes steered us towards more cost-effective things that would provide a similar level of protection. I’ve never been frustrated with waiting for a response.”
Group Compliance Manager
Global Medical Devices Suppliers
“Excellent is a very difficult concept to achieve, I do not want to oversell my satisfaction, but generally I am extremely satisfied with [Ethixbase360]. I would go for 9/10 for their customer service and the same perception is from within the organization. I never received negative feedback from our team and our users rated the platform being easy, really intuitive and they like it.”
Head Group of Compliance
Global Agri-business Company
“Everything is valuable in Ethixbase360’s platform, from the moment they trigger the automatic email directly to the third parties, the third parties respond directly via the platform, the Enhanced Due Diligence (EDD) reports are good, the Instant Due Diligence Plus (IDD+) is a very good complement for management changes. The whole process is very useful.”
Head Group of Compliance
Fortune 500 Pharmaceutical Company
Supply Chain Due Diligence FAQ's
Supply chain due diligence refers to the process of conducting a comprehensive assessment and investigation of suppliers, vendors, and partners within a supply chain to ensure their compliance with legal, ethical, and sustainability standards. It involves gathering and analysing relevant information about these entities to evaluate their practices, identify potential risks, and make informed decisions regarding their inclusion in the supply chain.
Supply chain due diligence focuses on verifying the authenticity and compliance of suppliers, assessing their financial stability, social and environmental impact, labour practices, adherence to regulatory requirements, and overall business conduct. It helps organisations identify potential risks, such as human rights violations, environmental non-compliance, corruption, or unethical actions, which could negatively impact the organisation’s reputation, operations, and compliance record.
By conducting supply chain due diligence, businesses can proactively manage risks, ensure transparency within their supply chains, foster responsible sourcing, and uphold corporate values. It helps them create a more resilient and sustainable supply chain while enhancing trust and credibility with customers, stakeholders, and regulatory bodies.
Supply chain due diligence software is a specialised tool designed to streamline and automate the process of conducting due diligence on suppliers and partners within a supply chain. It helps organisations assess and monitor potential risks associated with their suppliers, ensuring compliance, ethical practices, and sustainability throughout the supply chain.
Effective supply chain due diligence software typically offers capabilities such as supplier data collection and management, risk assessment and scoring, compliance monitoring, sustainability assessment, environmental and social impact analysis, audit trail documentation, supply chain mapping, real-time monitoring and alerts, and reporting functionalities. It should provide a holistic view of the supply chain and enable proactive risk management.
