CSDDD

3 challenges

CSDDD

CSDDD (Corporate Sustainability Due Diligence Directive) aims to impose due diligence obligations on large companies with regard to their actual and potential adverse impacts on human rights and the environment. This includes identifying, preventing, mitigating and ending those impacts by taking appropriate measures

 

01.

ESG insight

Ensuring comprehensive due diligence involves examining not only financial risks but also assessing environmental and social impacts.

 

02.

Supply chain insight

Attaining full transparency and authority over intricate supply chains to guarantee adherence to sustainability standards

 

03.

Risk management

Recognizing and addressing the risks linked with non-compliance or sustainability lapses within the company and its supply chain

 
Our solution

An all-in-one risk platform

Risk management

One integrated risk register for all internal risk disciplines

Register internal and external risks. Link risks to a specific third-party, internal control(s) and/or location within your organisation. Follow the ISO 31000 best-practice workflow containing of risk identification, assessment, treatment and monitoring. Use the interactive risk matrix to easily filter different risk disciplines and scores.

Third-party management

All your third-party information centralised and connected

One integrated register for all your third parties. Register multiple contracts per third-party. Assign risk profiles to segment your landscape, taking into account multiple risk domains such as cybersecurity, sustainability and compliance. Connect with your procurement system to retrieve and enrich your supplier data.

 

Compliance management

Obtain a full overview of all your internal and external compliance requirements

One integrated register for all your internal & external compliance requirements Use it to manage compliance requirements for security, sustainability, privacy, legal, quality and many others. Define a specific scope & applicability per compliance requirement and link them to one or more assessment questionnaires. Monitor compliance in real-time. 

Assessment management

Third-party self-assessment activities streamlined and automated

Integrate the different third-party assessment efforts of all your risk and compliance disciplines. Combine questionnaires from different risk disciplines into one third-party assessment. Suppliers log in to a secure supplier portal in which they can collaborate and provide their evidence. Our AI-powered review module makes an initial analysis. 

Real-time monitoring

Instantly receive alerts about your third-parties and follow-up efficiently and effectively

Continuously monitor your third-parties in 2 million news sources and receive instant alerts on negative news articles. Activate our out-of-the-box integrations with BitSight, SecurityScorecard, Ecovadis, Refinitif and many others to retrieve your third-parties' security, sustainability, financial or compliance risks ratings in one central overview.

Action plan management

Assign action plans to internal stakeholders and third-parties and track follow-up

Consolidate remediation actions across all internal teams and third-parties within a unified action plan repository. Assign ownership through our platform and Microsoft Teams. Set and adjust timelines for each action, with reminders to keep progress on track via our platform's virtual officer, e-mail and Teams. Visual indicators offer status updates, simplifying oversight.

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Your return on investment

Thanks to automation, AI and smart workflows, 3rdRisk users save an average of 140 hours per 10 third-party assessments compared to traditional spreadsheet approaches. This quickly translates to a savings of 7 FTEs when more than 1000 assessments are sent out.

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Design & Configure assessments

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Response performance

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Response rate

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Review & assess assessment

Best-practices

In the Content Hub, we have best-practice content available for every industry and risk discipline, from sustainability and cybersecurity to continuity.

The SIG, short for “Standardized Information Gathering (Questionnaire)” is a third-party information security and privacy questionnaire.

Standardized Information Gathering (Questionnaire) Read more

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