Risk categorising your entire supplier universe for ESG and sustainability.
Your suppliers have different risks when it comes to ESG and sustainability. Likewise, even suppliers in the same category of spend will have different risks.
- Speeki GreenPlan™ helps create a risk map of your supplier categories to assist you in understanding and valuing risk.
- Build your compliance with the CSDDD and the German Supply Chain Act (just to name a few), which require a risk-based approach to supplier due diligence using Speeki GreenPlan™.
The time has come for you to assess your suppliers for their ESG and sustainability risks. In an increasingly regulated world, you are required to conduct due diligence on members of your value chain to ensure human rights are respected and environmental impacts are minimised and mitigated. Such due diligence is only necessary for 'higher risk' suppliers. Not every category of supplier will create risk for your business, and even within the same category of supplier, there are different areas on which you need to focus. You need a clear strategy for your supply chain and how you should conduct further due diligence on specific suppliers.
Speeki GreenPlan™ is the solution for assessing your value chain for ESG and sustainability risks. We provide a 'green' plan for you to apply a suite of due diligence systems for onboarding, qualification, and ongoing monitoring.
Speeki GreenPlan™ is the first step in your supply chain ESG and sustainability strategy.
Speeki GreenPlan™ will study your supply chain and the categories of spend. Using our experts, with some support from our AI engine, we will identify a risk map of the areas on which you need to focus.
With knowledge about the risks of each category of supply, you can then start to identify your due diligence strategy.
We look at the overall categories of your spend, the locations, and the amounts you spend.
By examining your data and conducting workshops and knowledge sessions (known as risk roundtables), we begin to build a picture of risk and develop a map of potential areas on which to focus.
We supplement your data with information from our risk roundtables, previous issues you might have encountered, the results of our own risk models, country data, and our own research, and then start to compile a risk map of categories.
The result is a risk map that outlines the categories of spend and the countries of spend that will be important for your further due diligence. You can use this data as your risk assessment and materiality guide in ESG and sustainability disclosures.
Using Speeki GreenPlan™ will provide you with a defensible approach to understanding risk in your value chain. It will offer the guidance you need to start your due diligence process in a risk-based manner.
You will know how to target due diligence initiatives and save time and money by not wasting resources on irrelevant due diligence.
Applying our methodology once means that every year a validation exercise can be conducted to see what may have changed.
The process will take around 3-4 weeks, depending on data availability and the scheduling of risk roundtables.
The process is not a due diligence exercise, but it will prepare you for due diligence and other assessments.
At this stage, you are focused on categories of spend and the locations, etc. The individual-level supplier will be engaged during the due diligence phase.
Your risk mapping exercise can utilise your technology or ERM if necessary, and we can blend into that system.
The costs of Speeki GreenPlan™ can be scoped quickly and will depend on the size of the organisation and the complexity of the supply chain.
Reach out to us to learn more.
The Speeki team has been involved in conducting risk assessments of third parties for over 15 years.
We are business-focused and understand how large companies operate and how you value risk and ESG and sustainability.
We are accustomed to holding risk roundtables where we challenge participants to engage and be a part of the risk process rather than just being passive attendees.
We understand the ESG and sustainability risk areas and apply that knowledge to our projects, combining it with your data and company expertise.
The aim of Speeki GreenPlan™ is to map the risks so you can build a due diligence strategy and execute on it.
Step 1: Speeki GreenPlan™
You need to get a map of your key supply chain risks across all your categories of spend.
Understanding your overall risk and having a structured approach to the annual risk assessment is not only good practice, but it is also required by new sustainability due diligence laws and directives.
Step 2: Speeki due diligence solutions
Speeki has several solutions to assist with due diligence. These include:
-Speeki Path™
-Speeki Sustainability Score™
-Speeki Trust™
-Speeki OnBoard™
Depending on the level of risk, one or several of the above solutions can be utilised for your due diligence.
Step 3: Validation and compliance
Due diligence is important, but only if the findings and remediation steps are validated and checked.
Speeki Partner Integrity™ is our solution for auditing suppliers. We can conduct audits across a range of criteria to ensure that suppliers are meeting their contractual requirements as well as any legal obligations.
Key values of
Speeki GreenPlan™
All our projects are led by senior professionals with 20+ years of experience in risk and due diligence.
Global application
We can operate in multiple countries and understand the complexities of global supply chains.
Time sensitive and fixed price
Our projects are fixed price and generally have a fixed timeline for delivery wherever possible.
Customer success concierge
Speeki’s customer success team aims to ensure that every customer has an exemplary experience with Speeki, every time.
Clear and simple guidance
We accelerate the launch of your ESG and sustainability due diligence efforts with clear direction and findings.
We know business. We know supply chains. We know risk.
Let us help you manage your supply chain risks.
Application
Roles involved
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