Cloud-Based SaaS for ESG Compliance Management
What is ESG?
ESG stands for ‘Environment, Social & Corporate Governance’.
ESGa+ stands for ‘Environment, Social & Governance Automation+’. This is a revolutionary way to automate up to 80% of your ESG compliance tasks related to vendor management.
ESG can be considered a form of corporate social credit score. You can use ESG ratings to assess the suitability of working with vendors. And others can use it as a way to benchmark your organisations social & environmental responsibility.
What is the problem?
In 2017, the Task Force on Climate-Related Financial Disclosures (TCFD) set out recommendations for transparent reporting on the risks and opportunities presented by climate change.
Those exposed to high impact risks (by either exhibiting a low ESG rating or by working with other low scoring vendors) will likely incur:
– Price volatility
– Supply chain disruption
– Higher costs
– Lost revenue
– Irreversible market share drift
– Capital value erosion.
Additionally, there is no practical method to capture valuable sustainability impact data due to the multiple versions of complex disclosure standards duplicated across international bodies.
What is the solution?
It is possible to increase your ESG rating and monitor vendors’ ESG rating in your supply chain with relative ease. In fact, you can automate a considerable majority of the process by utilising the award-winning Brooklyn platform.
Additionally, by consolidating fragmented standards into a simple score, executives can make informed strategic decisions in relation to ESG.
In Brooklyn, this solution can stand on its own 100% dedicated to ESG rating and transparency across your suppliers — or it can fold into other popular Brooklyn modules like Contract Management, Risk Management, and Performance Management.
Simplified Scorecard
Vendors ESG scores are simplified and represented in a simple to understand scorecard. Allowing you to make strategic decisions based on clear information.
Reduce Risk with Automation
Capture ESG-related risk based on automated parsing and scoring of supplier assessments, as well as third-party data. Highlight the critical risks and issues — even compose the rules that recognise these situations yourself, as an end-user — allowing you to identify and isolate areas of focus quickly and easily.
How does it work?
The Brooklyn platform collates all data into a simple to understand score. It measures both positive and negative deviations and highlights key risks, actions and opportunities.
– Complete the ESGA+ assessment.
– The Brooklyn platform scores you using a 5-star system.
– View your ESGA+ scorecard holistically or by supplier.
– Follow-up with automated actions, risk monitoring and review meetings.
Partner Community
Brooklyn partners with multiple prominent service providers that offer lightweight to in-depth assessments of your suppliers and their ESG posture. Leverage their expertise and digitise their best practice into your governance and standard operating procedures. Details available upon request.
