Solution
CSDDD
In an era where sustainability and ethical practices are not just valued but mandated, the Corporate Sustainability Due Diligence Directive (CSDDD) presents significant challenges and opportunities for businesses. At 3rdRisk, we offer a tailored solution that not only helps you navigate the complexities of CSDDD compliance but also turns these challenges into strategic advantages for your organisation.
3 most common challenges and our solutions
Comprehensive sustainability due diligence
Ensuring thorough due diligence that encompasses not just financial risks but also look at environmental and social impacts.
TPRM module
3rdRisk offers a comprehensive TPRM module that integrates environmental, social, and governance (ESG) factors, enabling companies to conduct thorough assessments that meet CSDDD requirements.
Establish supply chain transparency
Achieving complete visibility and control over complex supply chains to ensure compliance with sustainability standards.
TPRM module
Our platform and TPRM module enables deep supply chain analysis and monitoring, ensuring that every link in the chain adheres to the sustainability criteria mandated by CSDDD.
Risk identification and management
Identifying and managing the risks associated with non-compliance or sustainability failures in the business and its supply chain.
TPRM module
The platform provides robust risk assessment tools that identify, evaluate, and mitigate sustainability risks, ensuring compliance and proactive management of potential issues.
Sustainability expert Wouter Botzen on managing ESG-related supply chain risks
Achieving CSRD readiness: Essential steps for sustainability reporting
Establishing a sustainable value chain community for retailers
FAQ
In the overview below, we have listed the most frequently asked questions and answers. Do you still have questions? Just reach out to one of our experts.
How does the platform identify and manage sustainability risks?
Our platform offers robust risk assessment tools that help in identifying and evaluating sustainability risks. It also provides strategies for mitigating these risks, ensuring proactive management and compliance with CSDDD and the CSRD.
Can 3rdRisk help in managing supply chain sustainability under CSDDD?
Absolutely. Our platform provides tools for deep supply chain analysis, enabling you to monitor and ensure that every component of your supply chain adheres to sustainability standards, which is crucial under the CSDDD.
How does 3rdRisk assist in meeting CSDDD requirements?
3rdRisk provides a comprehensive solution that integrates ESG factors into due diligence processes. Our platform helps in identifying, assessing, and mitigating risks related to environmental, social, and governance aspects, ensuring your business meets CSDDD compliance.
What is the CSDDD and how does it impact my organisation?
The CSDDD is a directive focused on ensuring that companies conduct thorough due diligence on environmental and social risks in their operations and supply chains. It impacts organisations by requiring them to identify, prevent, and mitigate the adverse impacts of their activities on human rights, the environment, and good governance.
Can I effectively manage third-party risks with 3rdRisk without having a dedicated team?
Yes. By using the TPRM module of the 3rdRisk platform, you can already assess and monitor up to 100 third parties with only a few hours a week. In addition, you can also decide to outsource third-party risk management or internal control activities. For organisations that are inclined to outsource these tasks, we have established partnerships with renowned partners who are well-versed in leveraging our platform’s capabilities allowing them to deliver excellent quality at a competitive price.
Do I need training to operate the 3rdRisk platform?
No. No training or certification is required to operate the 3rdRisk platform. For organisations that choose to manage their internal control or third-party risk management program in-house, our platform acts as an intuitive platform, streamlining processes and making follow-up and monitoring straightforward. Its design ensures that teams can quickly familiarise themselves with its features, reducing the learning curve and allowing for immediate implementation.
