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Third-Party Risk Management for Future Growth
Turn risk into opportunity by ensuring compliance across your entire third-party network
SOLUTIONS BY INDUSTRY: OIL & GAS
Build a foundation of socially responsible and principled performance with Ethixbase360
Demand for oil and natural gas continues to grow. Sustainable practices, ethical governance, and compliance are crucial to your continued success in a converging market.
Configurable Platform
The oil and gas industry is increasingly expected to deliver sustainable and ethical practices in addition to growing profitability. You need a third-party risk management and due diligence platform that can be configured to your changing needs. Ethixbase360 was designed for rapid configuration to your specific risk specifications, triggers, approval processes and workflows.
Collaborative Due Diligence & Third Party Certification
Our collaborative solutions greatly improve problem solving and outcomes. Our analysts engage directly with third parties for additional source information. You can rely on TRAC™ for due diligence on low-risk third parties and Tcertification™ and ESGMetrics™ for high-risk entities that require vetting, training, and certification.
Risk-Based Due Diligence and Monitoring
Third-party risks can change as quickly as oil and gas prices can fluctuate. Ethixbase360 ensures your due diligence is always up to date. Get instant access to information on sanctions, adverse media, and other liabilities for third parties anywhere in the world. Enable continuous risk monitoring for all third parties and their associates saved on the platform and dive deep into high-risk entities with our multilingual investigative research reports.
Automated Risk-Triggered Workflows
You need a third-party risk management platform that can accommodate your existing processes, not the other way around. Ethixbase360 can be configured to your unique processes and workflows for seamless transition to an automated system. It will trigger proportionate risk-based due diligence and response, including escalation to internal approvers.
Real-Time Reporting and Analytics
Oil and gas companies operate in some of the most volatile regions in the world. You need a 360° view of risks across your entire supply chain to unearth threats and bad actors and ensure ESG compliance. With Ethixbase360, you’ll be able to leverage configurable reports with drill-down capability in real time for intelligence you can act on, in the moment.
Capabilities
Risk Assessment
Assess risk across your third parties with automated risk ratings defined by your criteria
Screening & Monitoring
Safeguard your business and ensure compliance with instant screening, false positive remediation, and
continuous monitoring.
Enhanced Due Diligence
Dig deeper with enhanced intelligence on your third parties and their associates anywhere in the world
Reporting & Analytics
Instantly find the information you need in real-time to confirm third-party compliance
Third-party Certification & Validation
Establish compliance through efficient information exchange and continuous third-party monitoring
Workflows, Configuration & Integrations
Create automated risk-based workflows for faster decision-making and global program scalability
Explore, Enhance, Engage
Safeguard your reputation with a 360° view. Try Ethixbase360 now.
“We asked Ethixbase360 and a few other global third-party risk vendors to come onboard and do a presentation to key committee members. We looked at and compared local customer support, platform features, reports and budget. Based on those criteria we selected Ethixbase.”
Group Compliance Leader, APAC Leading Engineering Company
“Ethixbase’s compliance solutions are highly customizable and tailored to every company’s different needs. Companies can select and utilize what they require without paying for extra features they don’t need.”
Urban Development Company, Singapore
Resources
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Mapping and acting on human rights risk across supply chains is becoming increasingly important for businesses to win and protect their business in today’s market. This session shows how to identify, assess, and prioritize human rights risk using the Ethixbase360 platform, from initial supplier screening through to ongoing monitoring.