Evaluate Risk
Description
Identify and evaluate your key environmental, social, and governance risks and opportunities in your value chain and the options to address them.
Share this Practice on:LinkedIn
Resources
Break Even Action Guides: BE04 – Procurement
This resource, developed by Future-Fit, provides practical guidance on performing supply chain hotspot assessments, specifically in sections 2 and 3. It includes a list of common hotspot issues, a matrix for categorising hotspots based on intensity and progress indicators.
CSR Risk Check Tool
This risk assessment tool by MVO Nederland will help you quickly assess value chain sustainability risks related to a specific product or service. It will also provide suggestions on how to manage them.
Responsible Sourcing Tool: Forced Labour Risk Map
This tool will help you quickly identify supply chain risk hotspots for forced labour and child labour. This information is presented on a map that highlights countries where these risks are documented based on selected industry. The tool also aggregates data from numerous sources to provide industry and country level profiles summarising the risk factors for forced and child labour.
Social Risk Mapping [PAY TO USE]
This online risk mapping tool from the Social Hotspots Database helps you assess sector-specific social risks in your supply chain. It is designed to identify both risk location and significance. The comprehensive tool covers 30 social risk sub-categories and 132 risk indicators and can be integrated into LCA software tools.
Integrated Biodiversity Assessment Tool [FREEMIUM]
This biodiversity risk assessment tool by the IBAT Alliance describes itself as your source of “the world's most authoritative biodiversity data for your world-shaping decisions.” It will support early-stage screening of biodiversity risks at a site level using three public data sets: the World Database on Protected Areas, IUCN red list species, and Key Biodiversity Areas.
CIPS Risk and Resilience Self-Assessment Tool
This non-sector-specific self-assessment from the Chartered Institute of Procurement & Supply will help you assess your value chain’s resilience and guide you on mitigating key risks. It takes approximately 15 minutes to complete.
Building Resilience in Global Supply Chains
This resource by WBCSD uses two case studies to demonstrate how to build resilience throughout your supply network. It emphasises mutual dependence between businesses as well as between business and society.
Climate Change Risk and Supply Chains
This white paper from the University of Tennessee's Global Supply Chain Institute addresses the impacts of climate change on supply chains. It offers insight and tools to help quantify and mitigate these risks.
ESG Risk Analysis Tool
This freemium AI tool by Responsibly can help streamline supplier data collection, management, and analysis. It will also help you prioritise high risk areas in your value chain and better align your efforts with your ESG objectives.
Practical Guide to Responsible Sourcing of Goods and Services
This guide by the Responsible Business Alliance offers practical guidance for responsible sourcing of goods and services. Step Four (pages 11–15) covers contract management, including guidance on performance monitoring, supplier reporting, corrective action and remediation, and closure audits.
Climate Nexus Report: Climate + Supply Chain, the Business Case for Action
Modern supply chains, with their global geographical reach and specialized inputs, are especially vulnerable to disruption from climate change. This report from We Mean Business and BSR will help supply chain, procurement, and purchasing professionals to better understand the importance of how climate change and supply chains intersect, and builds a business case for taking action to drive resilience within your company. The report acknowledges the primary objectives of supply chain managements, identifies the business impacts of climate change on supply chains, and offers recommendations for change.
Managing ESG Risk in the Supply Chains of Private Companies and Assets
Businesses are increasingly expected to understand and manage their exposure to supply chain risks. As public awareness grows on supply chain issues, companies face increased scrutiny to take action on sustainability topics with suppliers. PRI created this guide to help investors take early, practical steps towards assessing and managing both internal and external supply chain risks. The guide provides illustrative case studies that will help you understand why ESG factors in the supply chain are important and how your company can engage with supply chain partners to manage risk.
Recalibrating for Resilience
This guide from Ecovadis presents an updated approach to supply chain risk management. It is designed to help you build resilience in the 'permacrisis' by outlining a four changes to typical risk management frameworks. It also features a brief checklist of key considerations for choosing a third party partner to support supply chain risk management.
Recalibrating Climate Risk: Aligning Damage Functions with Scientific Understanding
This comprehensive report from the Carbon Tracker Initiative can help you to better understand how economic models used by governments, central banks, and investors may be understating climate risks as the world moves towards 2° C. The report explains that physical climate damages are structural and compounding; that higher levels of warming are more likely to contribute to a cascade across sectors and geographies and undermine the conditions that economies rely on for stable growth; that real-world losses are shaped by local and regional extremes (such as heatwaves, floods, droughts) that can be poorly captured by models focused on global average temperature; and how many risk assessment approaches still link damages to global mean temperature, even though disruption is often driven by local and regional extremes. The report is divided into four sections that explain the disconnect between climate science and economics; the problems with current damage functions; ways of improving damage functions to better reflect real-world processes; and provide recommendations to improve damage modelling, as well as for financial regulators, supervisors, institutional investors, and pension funds. This report will be especially helpful for sustainability and risk professionals.
Share this Practice on:LinkedIn