Avetta | April 05, 2021
Avetta®, the leading provider of supply chain risk management software, is expanding Avetta ConnectTM with an intelligent supplier classification tool to better match various supplier categories to the protection and qualification criteria for the work they do. The new process, which will be available in early April, streamlines supplier onboarding while still adding more service levels, making it a better match for a larger variety of suppliers.
“The Avetta Connect platform is different because it handles a vast variety of vendors from a wide range of industries,” said Taylor Allis, Avetta's chief product officer. “To scale the digitization of our clients' supply chain risk management programs, we must have new approaches to intelligently simplify the classification and management of supply chain vendors. The newest capabilities of Avetta Connect allow clients to automatically map regulatory criteria to businesses based on their characteristics on a global scale.”
How it Works
• Suppliers are taken into an efficient registration process in which they are intelligently categorized by risk level based on their business form, sector, and the job they do. Classifications are determined by international industry standards.
• Companies customize their enforcement and prequalification criteria in the Avetta platform for all supplier types, classifications, and these new risk thresholds.
• Suppliers are instantly routed to the required services, where they complete assessment questionnaires, provide specific performance indicators, and submit supportive documents to complete their onboarding process.
• Suppliers are then assessed to the appropriate regulatory criteria depending on location, local regulations, sector, job type, and customer specifications, resulting in much cleaner and more sustainable working conditions.
Avetta Connect provides a simple and personalized method for clients to share their unique work specifications. These standards are not limited to safety and health, but can also be tailored to include financial, social, and governance criteria.
“We consider safety prequalification to be a vital component of the services that we offer to our clients,” said Trey Hollingsworth, CSP, Director, Health, Safety & Environmental, UP Professional Solutions. “At UP Professional Solutions, we are proud to ensure the highest standards of protection and compliance. The Avetta network helps to make it easy for us to collaborate with our customers, ensuring that we are both committed to and held responsible for our safety performance.”
Based on the expertise and products they provide, suppliers are intelligently assessed and routed into the appropriate evaluation process. Clients generate configurable dashboards and reports using Avetta Connect's enhanced analytics—statistics, incident records, timeline, and other performance indicators—gaining insight down to the employee level for individual job positions and work location.
Suppliers that enter Avetta's network receive access to the Avetta Marketplace, a resource for purchasing discounted safety products and other safety-related services.
Avetta provides a customizable SaaS-based solution that assists companies of all sizes in handling supply chain risk across a wide range of disciplines. Avetta is building the world's most intelligent supply chain risk management network to help clients advance their safety, resilience, and sustainability initiatives. Avetta is the world's largest provider of skilled and vetted suppliers, manufacturers, and distributors to leading multinational companies in a variety of sectors, including oil/gas, telecom, construction materials, facilities management, and many others.
Transportation Insight | February 01, 2021
Transportation Insight, a North American leader in enterprise logistics solutions, announces the acquisition of Transaver Global Services Inc. Transaver Global is a leading provider of managed transportation and freight review administrations in the U.S. also, Canada.
Transaver Global Services Inc. includes Transaver LLC, Bass Island Freight Inc. also, Franklin Global Strategies Inc., and gives supply chain management, freight brokerage and freight audit and payment solutions. The joined organization offers scalable help to significant Fortune 100 organizations as well as a diversified, midmarket customer base across various industries.
Transaver Global will keep giving supply chain management, freight audit and payment, freight brokerage and different services to its current customers under the Transportation Insight brand. Jim McDonough will join Transportation Insight's leadership team.
Sustainalytics | November 25, 2021
Sustainalytics, a Morningstar company and a leading global provider of ESG research, ratings, and data, today announced the launch of its Corporate Supply Chain ESG Solutions, which include online access to company-level ESG ratings and data within Sustainalytics' extensive research universe. Since the start of the COVID-19 pandemic, companies of all sizes have been intensely focused on improving the resilience of their supply chains. Leveraging Sustainalytics' Corporate Supply Chain ESG Solutions, corporate social responsibility (CSR) and procurement professionals can holistically evaluate the ESG risk management performance of their direct and indirect suppliers.
Over the last several years, companies have placed more attention on sustainability practices, and that focus has increasingly extended to their suppliers and partners. Numerous industries, especially those with larger supply chains, tend to be exposed to more risks, including labour disruptions, workforce health and safety incidents, human rights issues, and shortages of natural resources. Consequently, companies are under greater pressure from investors, customers, and regulators to address the ESG risks in their supply chains to mitigate reputational and operational risks. Hundreds of the world's leading institutional investors leverage Sustainalytics' ESG Risk Ratings. Now, companies can benefit from the same consistent ESG insights which underpin its Corporate Supply Chain ESG Solutions for applications, including:
Assessing suppliers' ESG issues to better understand exposure to material ESG risks
Conducting an in-depth sustainability assessment that measures a company's full economic and social impact, including the activities of partners and suppliers
Reviewing potential vendors and partners before entering new supplier or partnership agreements
Corporate executives are asking their procurement leaders to assess the ESG risks of their suppliers and partners to limit risk exposure and comply with increasing regulation in supply chain operations. By providing a high-quality, standardized approach to assess company-level material ESG risks, Sustainalytics is well-positioned to help companies determine which suppliers may require the most in-depth evaluation on ESG issues."
Francesca Placa, manager of corporate solutions at Sustainalytics.
Sustainalytics' ESG Risk Ratings are unique in the industry in that they offer an absolute measure for assessing company-level ESG risk. By providing a consistent approach, the firm's ratings are comparable for companies in different industries. The ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Interest in ESG issues continues to accelerate rapidly among investors, employees and customers, leading company executives to prioritize these considerations throughout their organizations. As a result, more corporate issuers are leveraging their ESG performance to reduce the cost of capital, benchmark against peers, improve their shareholder engagement, and demonstrate their long-term commitment to sustainability.
Sustainalytics' ESG ratings and data in its Supply Chain ESG Solutions are delivered through the firm's ESG Assessment Platform, offering CSR and procurement professionals the ability to easily measure and compare suppliers. To learn more about Sustainalytics' Supply Chain ESG Solutions, please click here.
Sustainalytics, a Morningstar Company, is a leading ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies. For nearly 30 years, the firm has been at the forefront of developing high-quality, innovative solutions to meet the evolving needs of global investors. Today, Sustainalytics works with hundreds of the world's leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. Sustainalytics also works with hundreds of companies and their financial intermediaries to help them consider sustainability in policies, practices, and capital projects. With 17 offices globally, Sustainalytics has more than 1,200 staff members, including more than 500 analysts with varied multidisciplinary expertise across more than 40 industry groups.