AUDIT & RISK ASSESSMENT
Ensure sustainability within your supply chain
The supplier sustainability audit and risk assessment’s objectives are to assess your supplier’s ability to meet your company’s sustainability requirements and identify potential risks that could impact your company’s reputation, financial performance, or legal compliance.
The supplier sustainability audit evaluates your supplier’s environmental, social, and governance (ESG) practices, including their energy use, waste management, labor practices, human rights policies, and compliance with relevant laws and regulations. The risk assessment helps you identify potential risks related to environmental, social, and governance factors and other aspects that could impact your company’s operations or reputation.
The first step of the supplier sustainability audit and risk assessment service is to analyze and evaluate the inherent risks of your supply chain using recognized sustainable development standards. This audit will focus on the compliance of your suppliers with environmental and social objectives as well as their commitments. Once we assess your suppliers for sustainability, we will initiate appropriate measures to ensure that sustainability criteria are met throughout the supply chain. This service will result in a detailed written report that provides concrete solutions to help reduce the identified risks.
Gaining a better understanding of the risks associated with the business sector is essential. The first step will be to analyze the business context through a survey covering four key areas: human rights, fair labor practices, environmental progress, and anti-corruption policies. Following the initial analysis, a list of suppliers will be selected to confirm the risk level. Once all the relevant information has been gathered, a detailed report will be provided that includes an assessment of the main risks to your company, supplier control levels, and a list of recommended actions to reduce your overall risk.
Auditing a supplier serves two purposes: to verify compliance with your sustainable development standards before contract signature and/or to measure performance improvement over time. On-site audits are an effective way to assess the alignment of a supplier’s practices with the Sustainable Supply Chain (SSC) principles and to identify actions to address any risk. The advantage of on-site audits is that they reveal opportunities that may not be visible through phone or self-assessments.
At Global Partner Solutions, we don’t just identify risks. We will develop an action plan to improve the environmental performance of your suppliers. The outcome will determine priority actions and estimate the compliance gains.
GPSI service delivery is global, so it helps us provide a much broader range of services. They also helped us save time through access of resources and personnel overseas.
“I want to take a moment to thank you. First, we really appreciated the approach of Global Partner Solutions. Your expertise in ESG has provided valuable information that has allowed us to reflect on and achieve specific objectives with our team!
You always think of new and different ways of approaching a challenge; your unique perspective is a tremendous asset to us. We know how important it is for our organizations to switch to ESG mode, but we didn’t know how to get there. Your approach has been valuable in charting the course to achieve our goals.
I will not hesitate to recommend your firm to those who want to excel in the new world of sustainable development.”
-Patrick Paradis, CEO at Giolong International
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With our support, you will become a top-rated supplier. Your supply base will be solidified, and customers will recognize your good performance with more business, financial rewards and the stability that comes with it.