Protect your company’s reputation and revenue from the first time you engage with a supplier and throughout the supplier lifecycle.
With new sustainability compliance requirements, organizations must be equipped with the right technology and information to report and mitigate supplier risk.
A ProcureCon EU survey of 100 global procurement leaders found that the biggest roadblock to achieving their sustainability initiatives is staying informed with the latest ESG requirements. The impact on their operations was the second challenge.
Even with a third-party provider, companies exhaust resources to gather and report information on their suppliers' sustainability practices like waste management, human rights, diversity policies and other data needed to comply with regulations.
Companies may be liable for heavy fines for sustainability non-compliance. Fines for Corporate Sustainability Due Delligence Directive and the German Supply Chain Act are 5% and 2% of company revenue respectively. In addition, companies in California could face fines up to $500K under SB 253 for non-compliance.
apexanalytix Sustainability leverages global data for companies to easily evaluate and report on their suppliers’ sustainability.
Our platform provides access to millions of pre-assessed suppliers, built in dashboard for supplier management, and customizable supplier assessment questionnaires. Proactively manage your suppliers based on spend, sector, and geography.
Ensure compliance with 25+ global sustainability regulations including:
1. Corporate Sustainability Due Diligence Directive (CSDDD/CS3D)
2. Corporate Sustainability Reportive Directive (CSRD)
3. California SB3
Our software is GRI licensed (GRI ensures that software and tools accurately incorporate the GRI standards, drawing on the best practice principles at the heart of the standards, all the while preserving the intergrity of GRI’s intellectual property.)
Access our vast database of 250M+ suppliers that are pre-assessed on key compliance data. Utilize the database for understanding your supplier sustainability and benchmark with peers and industry.
The data ranges from companies’ GHG scope 1, 2, 3, water, waste reported data, to social indicators like employee safety records, workforce gender ratio to governance topics like board diversity and CEO pay ratio.
Leverage built-in ESG frameworks to standardize reporting, benchmark performance against industry standards and develop strategies for risk mitigation.
Frameworks include:
1. Carbon Disclosure Project (CDP)
2. Climate Disclosure Standards Board (CDSB)
3. Sustainability Accounting Standards Board (SASB)
Customizable built-in supplier assessment questionnaires for all global sustainability regulations. These help to assess supplier compliance and sustainability strategy.
Questionnaires include:
1. ESG Compliance
2. Carbon Footprint
3. Sustainable Procurement
4. Diversity and Inclusion
Scope 3 emissions are difficult to measure. With access to our emissions datasets, easily calculate scope 3 emissions to comply with sustainability regulations.
Datasets include:
1. C02 Emissions
2. Open Climate
3. Greenhouse Gas Reporting Program
Analyze news events related to the sustainability practices and reputation of suppliers.
Proactively identify risks (such as negative press coverage or regulatory changes) and opportunities (like positive media attention or industry accolades) for compliance tracking.
Sustainability reports are required to be readable by machines. With our automatic XBRL tagging, seamlessly adhere to the Corporate Sustainability Reporting Directive (CSRD) regulation and ensure your reports are readable.
XBRL (eXtensible Business Reporting Language) is a powerful tool used in financial reporting.
Our process ensures companies achieve their compliance and sustainability goals effectively.
Compliance with various regulations is not just a legal necessity, but also a competitive advantage. We understand the complexities of these regulations and offer comprehensive solutions that help you be compliant.
The EU requires companies to be much more transparent about their human rights and environmental impacts. The CSDDD is a regulation designed to help companies identify and address sustainability-related risks from their supply chains and sourcing operations.
A regulatory reform led by the European Commission, aims to enhance non-financial reporting. It expands upon the existing Non-Financial Reporting Directive (NFRD), imposing stricter standards and seamlessly integrating sustainability into corporate governance.
This regulation requires companies with 1,000 or more employees to conduct an abstract risk analysis and perform concrete due diligence. They must also take mitigating actions and produce detailed reports on human rights impacts for both tier-1 suppliers and suppliers in deeper tiers.
Modern Slavery Acts combat human trafficking, forced labor, and exploitation. Businesses must be transparent about anti-slavery efforts. Key provisions include Modern Slavery Statements, risk assessments, and ethical practices. UK, Australia, California, France, and EU have relevant legislation.
California SB3 empowers companies with annual revenues exceeding $100 million to demonstrate their commitment to ethical sourcing by disclosing vital information about labor practices, environmental impact and sourcing strategies.
Scope 3 emissions include supply chains, transportation, and product lifecycles require transparency. Legislators in Europe, the United States, and beyond now mandate Scope 3 disclosure.
Remove manual tasks from supplier onboarding with a self-service supplier portal that automatically validates supplier data and ensures compliance.
Detect, prevent, and predict supply chain cyber threats to protect your business and reputation.
Hundreds of product overviews, reports, customer-led webinars and on-demand product demos.
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