A ratings and scoring system for ESG and Sustainability with substance
Speeki's solution for ESG and Sustainability ratings and scoring is the Speeki Sustainability Score™.
Speeki provides detailed assessments with respect to several key ESG and Sustainability areas.
Speeki Sustainability Score™ is a testing and scorecard solution for assessing your key ESG and Sustainability areas. You can use the Speeki Sustainability Score™ solution for your own company or require that your supply chain complete the process. Speeki Sustainability Score™ consists of several web-based assessments. Based on the results of these assessments, Speeki issues a Speeki Sustainability Score™.
There are over 20 different assessments available from Speeki, each of which can generate a separate Speeki Sustainability Score™.
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What is Speeki Sustainability Score™?
Speeki Sustainability Score™ is a scoring and rating solution based on the completion of an online assessment to test and scorecard ESG and Sustainability.
You can complete any or all of the assessments at any time and receive a Speeki Sustainability Score™ and scorecard for each assessment completed, along with guidance on how to address any shortcomings.
Use the Speeki Sustainability Score™ for your own company or require it of your suppliers.
Ask your suppliers to complete an online assessment as part of their qualification process. Your supplier will be issued with a Speeki Sustainability Score™ giving you a data point on their ESG and Sustainability level.
Companies that support their suppliers in developing an ESG and Sustainability system can provide their suppliers with free or near-free access to the Speeki Sustainability Score™ platform.
Contact us for more information on this service.
What are the results from an assessment and what is the Speeki Sustainability Score™?
The area being tested requires more time to fully develop.
50–69% is the range to be awarded a Silver Speeki Sustainability Score™.
The area being tested is working reasonably well with a few areas to focus.
70–89% is the range to be awarded a Gold Speeki Sustainability Score™.
The area being tested is well advanced and working very smoothly.
90% or over is the range to be awarded a Platinum Speeki Sustainability Score™.
You can obtain a Speeki Sustainability Score™ for all or some of the topics listed below.
Bribery and corruption
Failure to manage bribery and corruption risks can lead to significant consequences, such as large fines, reputational damage, and internal and external investigations, to name just a few. Obtaining a Speeki Sustainability Score™ is a simple method to help you and your supplier understand where you need to build or further enhance an anti-bribery programme
Whistleblowing
Failure to provide whistleblowing support can lead not only to fines and debarments from public procurement but also to failures in your other compliance programmes that require feedback from reporters. A Speeki Sustainability Score™ will give you and your supplier confidence that they understand a whistleblowing programme is more than just a tool and that they will take concerns raised seriously.
Diversity, equity and inclusion
Failure to manage diversity, equity, and inclusion risks can lead to reputational damage and difficulties in hiring and retaining staff. With a Speeki Sustainability Score™, your supplier can demonstrate their current position regarding diversity, equity, and inclusion, as well as any concrete steps they are taking to improve that position.
Human rights and modern-day slavery
Failure to manage human rights risks can lead to reputational damage, significant fines, debarments from public procurement, and internal and external investigations. With Speeki Sustainability Score™ assessments, your supplier will be able to explain what they are doing, both internally and within their own supply chain, to promote human rights and avoid modern-day slavery.
Compliance
Effective compliance programmes protect businesses, and the return on investment can be significant, helping to avoid waste, fraud, abuse, discrimination, and many other practices that disrupt operations and put a company at risk. A Speeki Sustainability Score™ will help your supplier understand their ability to implement a strong, appropriate, risk-based compliance programme that will accelerate growth, assist in managing compliance, and reduce your risks associated with them as your supplier.
Supply chain and partner management
Supply chain and partner management are essential for the efficient and sustainable operation of any business that uses third parties to source or distribute its products and services. Your supplier completing a Speeki Sustainability Score™ assessment will help them focus their resources on identified gaps, ensuring awareness and avoidance of supply chain issues while delivering value for all stakeholders, including you.
Health and safety
A lack of consideration for health and safety can increase absenteeism and negligence claims, affecting workplace productivity and morale. It may also lead to a supplier's inability to provide you with products and services. With a Speeki Sustainability Score™, your supplier will identify gaps in their health and safety programme and demonstrate their practices in this area to you.
Data privacy and information security
The protection and access to an individual’s private data are growing in importance as new international laws come into effect. Your supplier completing a Speeki Sustainability Score™ will allow both your supplier and you to see the gaps in their data protection programme and gain insight into the technical and legal aspects of how they are managing privacy.
Environmental
- Biodiversity
- Climate Change
- Natural Resources
- Waste Management
- Energy Managemet
- Pollution Control
Social
- Supply Chain Management
- Human Rights and Modern Slavery
- Human Capital Management
- Information Security
- Health and Safety
- Diversity, Equity, and Inclusion
- Data Privacy
- Community
Governance
- Bribery and Corruption
- Corporate Governance
- Risk Management
- Ethics and Integrity
- Compliance
- Whistleblowing
- Sustainability Governance
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Emerging
- Artificial Intelligence
Obtaining a Speeki Sustainability Score™ adds value to any company.
A Speeki Sustainability Score™ adds significant value to your qualification process. It also provides you with a report and scorecard, allowing you to see where improvements are needed. You are encouraged to improve and resubmit your assessments annually with any updated information.
Your Speeki Sustainability Score™ provides direct guidance, answers, and improvement steps.
Being external to your qualification team we can provide expert guidance and advice. Our experts provide a perspective that is free from internal biases.
We are experts in ESG and Sustainability. The Speeki Sustainability Score™ is substantive, focusing on substance over form, allowing your team to concentrate on other matters.
If you are managing suppliers and would like a supplier to obtain a Speeki Sustainability Score™, you will free up time in qualification by relying on our assessment of ESG and Sustainability issues.
The better you and your suppliers manage ESG risks, the better you can manage your business. Managing ESG risks is a key part of your enterprise risk management strategy.
Speeki Sustainability Score™ provides feedback and recommendations that assist you to improve.
The Speeki Sustainability Score™ reviews your key documents, including your internal controls. It is more than just a 'does it exist' exercise; it is a substantive review.
Engaging external experts can help companies enhance transparency to stakeholders by demonstrating their commitment to upholding ESG standards throughout their operations.
What is the value of using Speeki Sustainability Score™ as part of your qualification of suppliers?
Demonstration to all stakeholder groups of tangible commitment to mitigating governance, compliance, and ESG-related risks.
Scorecards are provided for each of the different ESG initiatives completed by the supplier, offering independent analysis of key ESG risk areas and confidential results, the publication of which you and your supplier control.
A scorecard and accompanying stamp are provided at the end of every successful assessment process for your supplier to display as a sign of their ESG initiatives and good governance.
Recognition from Speeki as a leader in ESG and Sustainability and supplier qualification.
Detailed guidelines on what can be done to continuously improve ESG programmes.
Analysis and summary that explain what the results mean, along with guidance for improvement.
Reduced time and labour – results are delivered in a few days. Savings from not needing to dedicate a team for the duration of the process can be reinvested in core business activities.
Speeki Sustainability Score™ features
Immediate setup
Following the purchase of an assessment in the Speeki Sustainability Score™ Portal, invitation emails will be sent to kick off the assessment process. The assessments are online, ready to go, and are easily accessible.
Easy document upload
You can drag and drop documents and images as needed to support answers in the online questionnaire. Speeki Sustainability Score™ assessments do require you to provide evidence, not just tick 'yes' to questions.
Support throughout the process
We have support available to help you through the process. Our team will answer any questions the supplier has and assist them in completing the process as quickly as possible.
Many topics are available for purchase based on your organisation’s focus
You can complete multiple assessments based on a range of 'higher risk' areas. These areas can be generated based on a risk assessment, and, for suppliers, the Speeki Path™ results which provides a guide on what areas might be important to a particular supplier.
Collaboration with multiple teams
You can engage multiple teams throughout your organisation to help answer the online questionnaire. It may be that they have to engage different people to answer different questions.
A scorecard is produced for every assessment
Use the scorecard to see how you are performing in the assessment. Use the scorecard to improve your performance and drive improvements in your ESG and Sustainability systems.
Fair assessment and scoring
The Speeki Sustainability Score™ assessment and scoring process is robust, combining automation with human expert evaluation. We review the documents uploaded and provide expert analysis on their systems.
Share and communicate your achievements
You are free to communicate your scorecard results both internally and externally. That is entirely up to you.
The benefits to you if your supplier gains a
Speeki Sustainability Score™
Market their ESG indicators to their customers
Your supplier can assure their customers that they are effectively managing their ESG and Sustainability risks and opportunities by benchmarking against international best practices.
Demonstrate their commitment to ESG programme improvement
Your supplier can develop and maintain trust in their brand and business by measuring their current ESG-related position against ESG objectives and continuously improving their programme as needed.
Determine their position against expected best practice
Part audit, part self-assessment, the Speeki Sustainability Score™ enables organisations to assess their ESG position based on an evidence-based scoring methodology and the organisation’s own inputs and supporting documentation.
Effectively reduce your risk of fines, breaches, and infringements
Be confident through independent verification that your supplier has lowered their risks of non-compliance with ESG issues, thereby reducing your exposure.
Confirm your supplier's ESG without building in-house teams.
Each Speeki Sustainability Score™ is determined by our experts. You don't need to hire specialists across multiple areas for your procurement or supplier teams; we can manage this for you.
Gain insights and clear guidelines
Obtain a comprehensive assessment of the supplier's environmental, social, and governance systems. They can use the provided feedback and indicators to improve their performance and plan next steps based on international best practices.
How is a Speeki Sustainability Score™ different from a ratings agency that rates a company's ESG?
Focused areas and topics
A Speeki Sustainability Score™ is not just one 'ESG assessment'. It is over 20 different assessments across multiple areas. It breaks ESG and Sustainability into separate areas and forms an assessment across specific areas.
Feedback to the supplier is provided
Most ratings are simply that – a rating. The Speeki Sustainability Score™ is different, as it provides actionable feedback based on expert guidance to both you and the supplier.
Engagement with the supplier directly
Most ratings agencies never engage with the company; they scrape data from the internet to make an automated assessment. The Speeki Sustainability Score™ engages with the supplier and works with them to gather the most information possible for their assessment.
Not just based on web crawling
Ratings agencies use public data from websites, which may not always reflect reality, as many companies do not share this information publicly. The Speeki Sustainability Score™ does not scrape information; the assessment is completed, documents are uploaded, and evidence is reviewed and reported upon.
Documentation and evidence based
The Speeki Sustainability Score™ involves the review of policies, procedures, stakeholder assessments, dashboards, and other information uploaded by the supplier. The process is documentation-based, not based on hollow boxes ticked on web forms.
Get a scorecard with guidance
Most ratings agencies are driven by their customer subscriber and their ability to materialise revenue from the collected data. The Speeki Sustainability Score™ process is driven on building a better supplier that manages their risk better to reduce your risk and improve their planet.
Public results at your supplier's decision
Speeki does not publish the results of Speeki Sustainability Score™ unless specifically requested by the Supplier on which the assessment was made. It is entirely the supplier's decision.
Expertise in Speeki adds significant value
Speeki Sustainability Score™ is delivered by the experts at Speeki. We are not a ratings agency nor a technology company. We use technology to support our experts in providing our solutions.
What are some areas that are covered by Speeki Sustainability Score™?
Privacy and use of personal data
Assess your supplier's data privacy programme with Speeki Sustainability Score™. Ensure your supplier handles employee and customer information appropriately, with controls that comply with regulations. Speeki will gather, review, and provide a scorecard on the programme's privacy standards.
Waste production and recycling
Track waste and recycling performance through the Speeki Sustainability Score™. Get insights into your supplier's waste management programme and assess if further contractual controls are needed. Speeki OnBoard™ can help with drafting provisions to improve performance.
Carbon usage and management
Evaluate your supplier's carbon management initiatives using Speeki Sustainability Score™. Understand their efforts in energy and carbon management, crucial for suppliers dealing with fast-changing environmental regulations.
Employees and safe workplace
Ensure your supplier provides a safe workplace and adheres to good governance with Speeki Sustainability Score™ assessments. Test for health and safety, human rights, modern-day slavery, and more to maintain strong compliance culture.
What makes Speeki Sustainability Score™ different from a survey system with tick boxes?
We think that a Speeki Sustainability Score™ makes sense for a company to see how they are doing and take steps to improve their ESG.
A questionnaire that asks questions of a supplier is:
-normally one way and gives no response to the supplier
-does not provide any feedback or direction to the supplier
-is rarely looked at in any detail by the supplier qualification department
-is rarely critically assessed by experts in ESG topic areas
-often lacks questions that are relevant and useful according to known risk areas
-asks too many questions on areas that are not relevant to that particular supplier
Using Speeki Sustainability Score™ assessments is a practical and appropriate way to manage risk in your supply chain.
How the Speeki Sustainability Score™ works for supplier qualification on ESG and Sustainability issues.
Speeki Sustainability Score™ is a solution for you as well as for supplier onboarding
Check out Speeki Path™, our product to risk-rate suppliers; Speeki Trust™, our background check service; Speeki OnBoard™, our contracting solution; and Speeki Partner Integrity™, our audit solution for suppliers.
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Roles involved
Risk Areas addressed
*Includes risk areas that continue to be developed by the Speeki Sustainability Score™ assessments.