ProcessUnity Vendor ESG Intelligence is comprised of four key components: ProcessUnity Vendor Risk Management, the ProcessUnity EcoVadis Connector, EcoVadis’ business sustainability ratings and a combination of pre-built workflows, notifications, reports and dashboards that power enhanced third-party due diligence, vendor assessments, issue management and ongoing monitoring processes.
EcoVadis rates sustainability performance by assessing a company’s policies, actions and results, as well as inputs from third-party professionals and external stakeholders across seven management indicators and 21 sustainability criteria, in four key themes:
- Labor & Human Rights
- Sustainable Procurement
Operating at a global level, EcoVadis considers regional regulations and languages while also incorporating industry labels and certifications or the individual standards of a company or organization. EcoVadis accounts for a company’s own documentation, third party inputs like labels and certifications, as well as external news sources like watch lists and databases to give procurement and sustainability teams immediate ESG risk insights across their entire supply base.
This robust risk visibility across all suppliers enhances third-party due diligence, vendor assessments, issue management and ongoing monitoring processes by providing actionable insights into environmental, social and ethical risks. ProcessUnity VEI lends insight into the vendor’s biodiversity, pollution issues, product use and end of life practices, employee health and safety, modern slavery, human trafficking violations, corruption, anticompetitive practices and more.
ProcessUnity seamlessly integrates EcoVadis’ sustainability ratings into its leading vendor risk management platform using a pre-built connector – eliminating the need to manually enter or recalculate rating and streamlining the vendor review process within one application. Analysts are presented with real-time EcoVadis reports and can review the full details behind each assessment. Additionally, the analyst can request a new assessment within the ProcessUnity platform. These ratings and scores from EcoVadis are paired with the overall risk calculation inside ProcessUnity to lend insight into a supplier’s environmental and social practices and overall risk to the business.
Vendor ESG Intelligence is built on ProcessUnity’s Best Practices Program for Vendor Risk Management – a complete, proven third-party risk program with turn-key workflows, assessments, calculations, risk analysis and reporting. Developed by Third-Party Risk Management subject matter experts and perfected via hundreds of successful customer implementations, Best Practices Program delivers a complete, “out-of-the-box” solution with a high-quality, systematic and repeatable assessment process that improves communication between lines of business – third-party risk analysts and third-party contacts – to ultimately drive risk out of an organization. With built-in integration to EcoVadis’ sustainability ratings, VEI supports third-party risk teams with a complete Third-Party Risk Management solution that deploys in a matter of weeks.
Interactive Dashboards & Reports
ProcessUnity Vendor ESG Intelligence provides a real-time, holistic view of the risk across vendor populations through pre-built interactive reports and dashboards. Drill-down capabilities allow users to quickly find the details in any areas of concern while ProcessUnity’s extensive custom reporting capabilities enable the creation of role-specific reports to demonstrate the existence of a consistent, reliable and repeatable program to executives and regulators.
Schedule a Demonstration
Incorporate ESG ratings into your Third-Party Risk Management processes. Complete the form below to schedule a ProcessUnity Vendor Risk Management demonstration.