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Solution

Sustainability

Our third-party risk, internal control, and compliance management solutions are designed to support sustainability professionals with identifying, analysing, mitigating and monitoring sustainability risks.

Some of our
Sustainability
clients and partners
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Sustainability

3 most common challenges and our solutions

Your challenge #1

Integrating sustainability into internal control

Embedding sustainability considerations into internal control frameworks to ensure business operations are environmentally and socially responsible.

Our solution #1

Internal Control module

The 3rdRisk Internal Control module supports you assessing, monitoring and enhancing your sustainability controls. In addition, it facilitates the integration of sustainability metrics into your organisation’s internal control systems. This ensures ongoing monitoring and management of sustainability performance, making it a core part of organisational governance and operational excellence.

Your challenge #2

Environmental and social risk management (TPRM)

Identifying and managing environmental and social risks associated with third-party engagements, which can impact reputation and regulatory compliance.

Our solution #2

TPRM module

The 3rdRisk TPRM module is designed to effectively evaluate and continuously monitor your organisations' internal and external sustainability compliance. It includes a thorough due diligence process to assess partners against environmental, social, and governance (ESG) standards. In addition, the module features ongoing risk monitoring, providing real-time insights into any changes in partners' sustainability practices.

Your challenge #3

Sustainability in third-party relationships (TPRM)

Ensuring that third-party partners, such as suppliers and contractors, comply with sustainability standards and regulations, such as the CSRD and CSDDD.

Our solution #3

TPRM module

The 3rdRisk TPRM module offers comprehensive, easy-to-use tools for evaluating and monitoring third-party compliance with sustainability standards. This includes thorough due diligence, continuous risk monitoring, and actionable insights to ensure that your partners uphold the same sustainability values and practices as your organisation.

Related resources

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Achieving CSRD readiness: Essential steps for sustainability reporting

What you need to know about the EU Deforestation Regulation

Establishing a sustainable value chain community for retailers

Janneke Coopmans
,
Jumbo
"Thanks to 3rdRisk's technology, risk management and the execution of controls have become something for the entire organisation. Our stakeholders in the business are now much more involved in executing and testing controls. Risk awareness has improved. That's a huge gain."
Farida Fouad
,
de Bijenkorf
"You don't need any training at all to understand the 3rdRisk platform. Everything is self-explanatory. Moreover, it looks very intuitive and sleek – it feels as though it's a tool that has been specially developed for de Bijenkorf."
Nick DeFreitas
,
Brookfield
"The implementation felt like a true partnership. It seemed as if we extended our team to include you, and you took on the majority of the work, guiding us every step of the way. Your support was invaluable in helping us succeed”
Sem J. de Spa
,
Deloitte
"3rdRisk is genuinely an innovative technology scale-up. They've tailored their platform to match the real needs of the end users. Its integrations and design make the system navigation easy and fun, which is unique for risk and compliance technology."
Dave van Gulik
,
Trust Alliance
"3rdRisk is our go-to platform for risk and compliance management. Why? Because it's based on the latest standards in our field, highly flexible, intuitive, and pleasant to work with, and very accessible to our clients, from multinationals to large SMEs."

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.

Can 3rdRisk’s technology adapt to evolving sustainability regulations and standards?

Definitely. Our technology is built to be flexible and adaptable to the evolving landscape of sustainability regulations and standards. 3rdRisk ensures that your organisation stays ahead of the curve in meeting current and future sustainability compliance requirements.

Is sustainability integrated into the internal control module of 3rdRisk?

Yes, the Internal Control module of 3rdRisk is designed to incorporate sustainability metrics into your internal control framework. This integration ensures ongoing monitoring and management of sustainability performance within your organisation.

How does 3rdRisk support sustainability in third-party risk management?

The 3rdRisk TPRM module enables organisations to effectively manage sustainability risks in their supply chain. It offers tools for conducting thorough sustainability due diligence, continuous monitoring of environmental and social risks, and ensures that third-party partners comply with your sustainability standards.

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.

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.

How can 3rdRisk help my company comply with CSRD requirements?

3rdRisk aids compliance by providing tools for detailed sustainability reporting, data management, and integration of sustainability practices into business operations. Our platform simplifies the process of compiling and managing CSRD reports, ensuring your business meets these new standards efficiently.

What is CSRD and how does it impact my business?

The CSRD is a European Union directive that extends sustainability reporting requirements beyond large public-interest companies to all large companies and listed SMEs. It impacts your business by necessitating comprehensive sustainability reporting, including environmental impact, social responsibility, and governance matters.

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.

Still have a question?

Our experts are always here to help you out.