Supplier Secondary Audit/tracking

Supplier Secondary Audit/tracking

Overview

Building on the insights gained from automated tools flagging non-compliant suppliers, our Supplier Secondary Audit and Tracking service provides a targeted approach to validate and monitor supplier compliance with ESG standards. We conduct thorough audits and establish robust tracking mechanisms to ensure ongoing adherence to your organization’s sustainability requirements.

Our Approach

Supplier Verification Audit: We perform detailed on-site and remote audits of flagged suppliers to validate compliance with ESG policies and assess any discrepancies.

Corrective Action Planning: In cases of non-compliance, we work with suppliers to develop and implement corrective action plans, ensuring swift resolution and ongoing improvement.

Comprehensive Data Validation: We conduct a thorough review of supplier-provided data to ensure accuracy and completeness, cross-referencing it with our audit findings.

Automated Tracking System Implementation: We help establish automated tracking systems within the ESG tools to monitor supplier performance over time, generating alerts for non-compliance.

Regular Monitoring and Reporting: We provide ongoing monitoring and reporting of supplier compliance, highlighting any deviations from agreed-upon ESG standards.

Supplier Engagement and Training: We facilitate communication between your organization and suppliers, promoting transparency, collaboration, and mutual understanding of ESG expectations and goals.

Risk Assessment and Mitigation: We evaluate potential risks associated with non-compliant suppliers and develop strategies to mitigate these risks effectively.

Capacity Building Workshops: We offer training programs for suppliers to enhance their understanding of ESG requirements, providing them with the knowledge and tools needed for compliance.

Deliverables/ Impact

Proactive Risk Mitigation: Identify and address potential ESG risks in your supply chain, reducing the likelihood of disruptions and reputational damage.
Responsible Sourcing Assurance: Demonstrate your commitment to responsible and ethical sourcing practices, ensuring a sustainable supply chain.
Enhanced Transparency: Provide stakeholders with clear and verifiable evidence of supplier compliance with ESG standards.
Improved Supplier Relationships: Foster stronger partnerships with suppliers through transparent communication and collaborative problem-solving.

Who Can Benefit

This service is tailored for organizations that have implemented automated tools for supplier compliance monitoring and are now seeking to validate and track supplier adherence to ESG standards.