Automated workflow solution to manage third-party relationships
The VANTAGE module for environmental, social and governance (ESG) helps clients embed these risk categories into their third-party management programmes. With regulatory demand and reputational risk increasing alongside public awareness, companies need to start thinking about how to identify and manage ESG-related concerns as part of their third-party and supply-chain due diligence processes.
With over 40 years of experience in the due diligence and business intelligence space, Control Risks has developed a proprietary ESG approach which can be seamlessly integrated into our clients’ due diligence processes to help them meet this new challenge. Our methodology is rooted in globally recognised disclosure and reporting standards and covers key themes in each of the ESG areas.
ESG third-party due diligence coverage:
- Impact on ecosystem, biodiversity or landscape
- Greenhouse gas/pollutant emissions
- Risk to business from environmental disruption
- Community relations
- Human and labour rights
- Occupational health and safety
- Diversity and inclusion
- Business ethics and reputation
- Political contributions and networks
- Ownership and management
- Data and cyber security
Accessing ESG solutions within the VANTAGE programme:
VANTAGE Diligence: Building on our compliance and regulatory driven third-party due diligence reports, clients can now order an ESG add-on. Complementing VANTAGE Diligence, we combine specialised research on the third party’s ESG footprint and approach with country and industry risk analysis delivering a relevant ESG assessment based on international sustainable standards.
VANTAGE Consulting: For clients looking to integrate ESG assessment into their broader third-party risk management framework, our experts partner with clients to design tailored solutions in line with their specific needs and objectives. Leveraging our in-depth knowledge of ESG best practice, we help clients capture and assess ESG concerns alongside bribery and corruption risk using tools such as systematised workflows, internal and external questionnaires, and automated risk assessments, among others.
Clients can also escalate to Control Risks’ consulting teams, who conduct in-depth ESG due diligence, deep dives on social and governance issues, labour and human rights audits, and reactive investigations.