Conduct ESG screening for new suppliers - BASIC

Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

When screening for new suppliers, it is now fundamental to request information and documentation on the suppliers ESG policy as part of your qualification process.

Gather information about potential suppliers through their websites, annual reports, or sustainability reports. Look for certifications such as ISO 14001 (environmental management) or SA8000 (social accountability) to gauge their commitment to sustainability. Find their Ecovadis scoring.

You can also develop a questionnaire to assess the new suppliers' sustainability practices. Ask about their environmental policies, waste management, energy usage, labor practices, supply chain transparency, and any initiatives they have implemented to reduce their environmental footprint.

ADDITIONAL RESOURCES