A structured approach to supply chain risk management is required to assess all the vulnerabilities of the existing supply chain to current and future climate conditions. The framework should include and assess risks related to the social and environmental impacts of the entire chain.
Parts of the supply chain that are not under direct control may be more difficult to assess, so the first step is to create transparency of operations before assessing the level of risk.
An initial tabletop assessment can be conducted with all supply chain actors to get started. Risk assessment is a recursive approach where low probability, low impact risks can be discarded and high probability, high impact risks can be assessed over time.
As a minimum, the following risk components are required:
High probability/high severity risk mitigation plans need to be monitored frequently and used as input to the future state of the supply chain.
Typical risks to analyse as part of any sustainable procurement strategy are health and safety, working conditions, human rights, environmental practices and environmental risks, carbon footprint, ethics and compliance. geopolitics...
5.6 times
more of extreme heat events to occur in a 3-degrees-warmer world.
(IPCC Report)
810 Millions
people are threatened by long-term sea level rise under the 3 degrees C warmer world.
(IPCC)
On environmental risks and specifically climate change risks,
- Financial Institutions have also developed enhanced climate risk tools, which can monitor the dynamic landscape of risks with integrated platforms. Read the UNEP FI’s 2023 Climate Risk Landscape for further details. These enhanced monitoring tools can be used for larger corporations willing to get live tracking of their risks.
- The probability of future climate events can be difficult to assess. ImpactLab can provide estimates on future local temperatures based on IPCC climate scenario. Similarly easyXDI brings automated risk identification based on the location of assets.
ECOCERT is pioneer and a world leader in the Certification of organic and sustainable products in the agri-food, cosmetics and textile industries. Through its consulting and training expertise, ECOCERT can also assist stakeholders in the implementation and promotion of sustainable practices, especially with the de-risking of their supply chain.
With operating capabilities in 130 countries and with 2200 employees, ECOCERT global footprint helps companies with consistent high-quality services all over the world.
Givvable is an automated data platform that helps organisations understand the sustainability profile of their suppliers and supply chain. It captures, tracks and reports on the credentials of suppliers, that are the strongest indicators of whether a supplier is taking action on sustainability. Givvable covers local to global and SME to MNC suppliers, ensuring it has the widest coverage of supplier sustainability data globally.
Givvable will help you:
Sustainable Gaia is a sustainability consultancy for strategy, reporting, training and research. We help organizations in their sustainability endeavours in the following ways:
SustainableSG was started in September 2018 to accompany companies, non-profit entities and government agencies to review and implement effective and sustainable corporate strategies. Our services include:
Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders.
Our sustainability consulting services are designed in a continuous improvement process:
ACTIVATE - DESIGN - ACCELERATE. Our expert consulting services and trainings help business leaders understand the complexities of sustainability, consider climate- and nature-related risks and opportunities to make informed decisions and alleviate the administrative burdens of:
We work directly with SMEs or collaborate with other sustainability consulting companies on specific projects. We are actively involved in networks of sustainability professionals who share knowledge with public and educate other professionals to bring awareness and accelerate the transition in Singapore and worldwide (incl. The Matcha Initiative, Climate Fresk, etc.).
Our unique strength stems from understanding sustainability from the risk management perspective, creating a business case and using financial reasoning to adopt sustainable business practices and decarbonize.
At Tulyā, we are accredited sustainability consultants holding certifications in GRI, SASB and TCFD (now IFRS-ISSB), and ISO 14064 GHG Lead Verifiers, alongside being Singapore Certified Management Consultants. We are dedicated to driving sustainable business development across industries through Sustainable Management Accounting.
We help MNCs with:
We help SMEs with: