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Challenge

Supplier sustainability regulations are changing. Fast.

With new sustainability compliance requirements, organizations must be equipped with the right technology and information to report and mitigate supplier risk.

66

%

Of CPOs' biggest challenge is keeping up with ESG regulatory requirements. 1

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.

1ProcureCon EU Sustainability Report

12

wks

The average time it historically takes for a questionnaire-based assessment. 2

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.

2ProcureCon EU Sustainability Report

$

50

M

Potential fine for companies with over a billion dollars in revenue for CSDDD non-compliance.

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.

Solution

Comply with Confidence.

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.)

MAP 3
Features

Staying compliant is now easy with apexanalytix Sustainability.

 

250M+ Pre-assessed Suppliers

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.

40+ Built-in ESG Frameworks

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)

Built-in Questionnaires

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

Emissions Datasets

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

Media Sentiment Analysis

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.

XBRL Tagging

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 Regulation Compliance Process

How it works

Our process ensures companies achieve their compliance and sustainability goals effectively.

Step 1

Risk Identification

Scan 100% of your suppliers for potential risks.

Quickly identify critical risks related to suppliers by tracking compliance metrics and supplier news.

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Step 2

Supplier Evaluation

Gather information on your suppliers and related parties. Segment suppliers based on how critical they are to your company in terms of spend, geography and industry.

Benchmark compliance data against peers and industry standards.

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Step 3

Supplier Engagement

Effectively collaborate with suppliers to get the right compliance information. Work with them to achieve sustainability goals by improving on low-performing metrics.

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Step 4

Report and Insights

360 degree view of your suppliers with built-in dashboards and automatic compliance reports so that you can focus on strategic plans for improvement.

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  • Risk Identification

  • Supplier Evaluation

  • Supplier Engagement

  • Report and Insights

Sustainability Regulations

Your path to compliant suppliers.

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.

Corporate Sustainability Due Diligence Directive (CSDDD/CS3D)

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.

Corporate Sustainability Reporting Directive (CSRD)

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.

German Supply Chain Due Diligence Act (LkSG)

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

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

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

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.

Related Products

Integrate with other apexanalytix solutions for a comprehensive supplier management tool.

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Supplier Management

Supplier Onboarding

Remove manual tasks from supplier onboarding with a self-service supplier portal that automatically validates supplier data and ensures compliance.

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Supplier Risk Management

Cyber Risk Monitoring

Detect, prevent, and predict supply chain cyber threats to protect your business and reputation.

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Resources

View our Content Library

Hundreds of product overviews, reports, customer-led webinars and on-demand product demos.

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Webinars

Key Steps to Launch a Sustainable Supplier Diversity Program

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Reports

The 2023 ProcureCon Sustainability Report

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Webinars

How to Incorporate ESG Compliance Into Your Supply Chain Operations

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Ready to Roar?

Fill out our contact form and we'll contact you shortly on how we can help you achieve your supplier sustainability initiatives.

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