Improving Procurement Processes with Veridion ESG Insights - Veridion
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Procurement

Improving Procurement Processes with Veridion ESG Insights.

Explore the key role of Environmental, Social, and Governance (ESG) data in Modern Procurement.

Uncover the new regulations that are driving procurement companies to take action towards building a future-ready supply chain. Equip yourself with actionable strategies, practical steps, and the knowledge needed to enhance transparency, ensure compliance, and implement sustainable practices in your procurement processes.

We will deep dive into..

We will deep dive into..

key ESG trends, regulatory impacts, and practical applications for procurement teams to build resilient and sustainable supply chains. The key sections will include the following topics:


  • Driving Economic Growth: ESG as a Key Market Catalyst
    • Understand the importance of ESG factors as crucial market drivers that significantly boost financial performance and sustainability.

  • Key ESG Trends Reshaping Business Practices
    • We present five emerging trends that highlight the increasing importance of ESG reporting, transparency, financial integration, anti-greenwashing measures, and dedicated ESG management roles.

  • New ESG Regulations Revolutionizing Procurement
    • We explore how global regulations are reshaping procurement practices, emphasizing ethical sourcing and comprehensive due diligence.

  • Actions for Procurement Teams
    • This chapter includes practical steps for procurement teams to map supply chains, implement due diligence, and partner with sustainable suppliers.

  • The Role of ESG Data in Supply Chain Management
    • Learn more about how ESG data is essential for managing supply chain complexities, reducing emissions, and ensuring comprehensive visibility and compliance.

  • Veridion ESG Data Solutions
    • Deep dive into Veridion’s real-time ESG data solutions to enhance supply chain visibility, risk management, and regulatory compliance.

  • Practical Use Cases
    • Explore real-world examples of how companies use Veridion’s ESG data for ethical sourcing, supplier segmentation, and enriching market intelligence.

Global ESG regulations have grown by 155% in the past decade,

driving companies to integrate ESG principles for enhanced transparency, risk management, and sustainability.

These regulations share a common goal: enhancing transparency, governance, and risk management within supply chains.

Procurement and compliance professionals are tasked with integrating ESG criteria

into their third-party assessment policies and due diligence processes to meet regulatory requirements and minimize risk.


Here are three key actions that procurement teams must take to comply with the new ESG regulatory standards:


  1. Map Supply Chains: Understand and document suppliers’ ESG practices.

  2. Implement Due Diligence: Assess and mitigate ESG risks within the supply chain.

  3. Partner with Sustainable Suppliers: Build relationships with suppliers committed to ESG principles.

“Aligning procurement with broader ESG goals makes supply chains not just more compliant but also more agile and resilient overall.” - Matias Pollmann-Larsen, Accenture’s Global Lead for Sustainable Value Chain.

Veridion’s data deep coverage at granular levels and updated on a weekly basis allows Procurement Teams to track and report on specific ESG factors that help increase supply-chain resiliency.

Moreover, Veridion’s ESG data is instrumental in identifying high-risk suppliers whose business practices may not align with responsible and sustainable standards.

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Global Coverage & Visibility:

Veridion's data covers 115.8 million (*as of July 2024) companies across 246 countries and territories, providing procurement leaders with a comprehensive understanding of global ESG activities.

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Comprehensive News Analysis:

Veridion leverages AI and advanced technologies to scan a wide array of news sources, both global and local news, identifying and extracting relevant information on specific ESG risk criteria.

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Targeted ESG Risk Criteria:

Veridion's focus on critical ESG risk factors such as atmospheric contamination, carbon footprint, illegal deforestation, water usage, waste management, and labor standards aligns with the key areas of concern under new ESG regulations.

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Real-Time ESG Updates:

Veridion extracts real-time ESG updates from news and digital sources, delivering the latest information on business ESG initiatives. This ensures procurement teams always have current insights for strategic decision-making.

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Flexible Delivery Options:

Veridion offers batch file delivery in CSV format updated monthly, as well as API integration compatible with various systems for seamless data refreshes.

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Veridion’s ESG data coupled with Advanced Company Screening solutions makes it simpler than ever to select and maintain relationships with ethical and sustainable third parties.

Veridion offers a powerful suite of APIs designed to enhance company screening processes, ensuring organizations can identify and verify companies, suppliers, or investments that align with their strategic and ESG goals.

  1. Match & Enrich API: Verifies company information, ensuring accurate and comprehensive supplier data.
  2. Complex Search API: Identifies suppliers and investments in priority areas, such as low-carbon products or specific locations.

Explore our case study: Building Sustainable Partnerships in Procurement with Veridion ESG Data

If you want to:

Ensure comprehensive visibility across your supply chain
Facilitate informed decision-making through accurate and actionable ESG data
Strengthen your reputation as leaders in sustainability and corporate responsibility

Subscribe with your email to instantly receive your copy of the report.

“Improving Procurement Processes with Veridion ESG Insights”

With this report, you'll unlock answers to key questions, such as:

How can ESG initiatives boost financial performance?

Discover how leading firms have increased profits by up to 60% through effective ESG strategies.

What are the latest global ESG regulations impacting procurement?

Learn about critical new regulations like the EU’s SFDR and the US Uyghur Forced Labor Prevention Act.

What practical steps can procurement teams take to ensure ESG compliance?

Uncover the ESG trends and three crucial actions to integrate ESG standards into your procurement processes.

How can Veridion's ESG data solutions enhance Procurement processes and supply chain management?

Find out how real-time ESG insights can enhance transparency and reduce risks in your supply chain.

Embark on this transformative journey with us, and equip yourself with the knowledge and tools necessary to revolutionize your procurement strategies in the ESG era.

Download the full report now to get started.

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