Customers, investors, and regulators are driving unprecedented focus on corporate Environmental, Social, and Governance (ESG) programs.
Organizations looking to address and implement ESG programs face challenges in understanding where to begin their ESG journey, what programs to implement 1st, and how to communicate to their stakeholders their commitment and progress on their ESG initiatives.
Getting started - What does ESG mean?
ESG stands for Environmental, Social, and Governance.
ESG is a set of criteria that identifies companies that have built solid and efficient environmental practices, strong social responsibility tenets, and ethical governance initiatives into their corporate policies and everyday operations.
Environmental criteria consider how a company performs as a steward of nature.
Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates.
Governance deals with a company's leadership, executive pay, audits, internal controls, and shareholder rights.
What does this mean for your organization?
Supply chains are the weak link for implementing ESG programs.
Warm Commerce provides visibility of the ESG capabilities of your supply chain, enables supplier sourcing selection to incorporate ESG program support and enables management of supplier ESG certifications.
Warm Commerce supports a variety of Environmental, Social, and Governance program information, including the following:
- Climate change policy or program information
- Coal-burning policy or program information
- Corporate carbon emission policy or program information
- Energy usage policy or program information
- Environmental management system information including ISO14001 Environmental Management
- EPA lead-safe certified products
- Green House Gas (GHG) emission program information and certifications
- Green business certifications
- Landfill policy or program information
- LEED-certified buildings
- Pollution policy or program information
- Recycling policy or program information
- RoHS (Restriction of Hazardous Substances) compliance
- Waste disposal policy or program information
- Child labor, prison labor and/or forced labor policy or program or certificate such as UK Modern Slavery Act compliance
- Employee diversity policy or program information
- Human rights policy or program information
- Pay equity policy or program information
- Board composition (California AB 979 compliant)
- Conflict mineral certification
- Country of origin certifications
- Ethical procurement policy or program information
- Foreign Corrupt Practices Act (FCPA) policy or program information
- Material disclosures
- Supplier code of conduct policy or program
- Supply Chain policy or program information
- Sarbanes-Oxley Compliance
Benefits of implementing an ESG program.
- Investment firms are using ESG for loan and borrowing base calculations
- Providing ESG transparency that proves relations with shareholders and makes your company more attractive to potential investors
- ESG initiatives can unlock and increase your company's competitive value
- Attract and retain customers who are interested in ESG suppliers
- Increase your organization's support for environmental, social, and governance initiatives
Implement ESG and Corporate Social Responsibility
Implement Supplier Diversity
- Connect with pre-qualified diverse suppliers already on our platform including, minority-owned, woman-owned, veteran-owned and local businesses
- Manage diverse supplier certifications
- Help diverse suppliers grow their business
- Monitor and report on supplier diversity
- Source from suppliers with environmental programs and certifications
- Increase internal use of environmentally friendly products and service firms
- Monitor and report on environmental sourcing progress
- Assure suppliers meet corporate disclosure policies for social and ethical requirements in countries they operate
- Gain transparency to understand supply chain governance risks (side-sourcing risk, supplier performance risk, etc.) and identify alternative suppliers to resolve