ESG Supply Chain Intelligence
BRINGING TOGETHER LARGE VOLUMES OF DATA TO CREATE MEASURABLE SUPPLY CHAIN ESG INTELLIGENCE
Building on Applied AI techniques, and Data Kinetic's research in complex extraction and simulation techniques to streamline complex analysis of supply chain partners, providers, and impacting factors.
Data Kinetic Extract triages companies supplier lists to find, extract, and categorize key ESG attributes.
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Rapidly respond and capture key issues as they arise. Enabling rapid response, and ensuring supply chain continuity.
Working with Data Kinetic develop a custom reporting and analysis designed to match your existing systems, teams, and processes.
APPLIED AI FOR SUPPLY CHAIN INTELLIGENCE
In the rapidly evolving global business landscape, Environmental, Social, and Governance (ESG) compliance has emerged as a critical concern for organizations worldwide. As stakeholders increasingly demand transparency and accountability, the need for robust ESG compliance mechanisms has never been more urgent. However, the complexity of this task, particularly within the context of supply chain management, poses significant challenges for businesses.
"65% of top executives said they are unable to accurately assess whether their suppliers meet environmental, social and governance (ESG) standards"*
The majority of an organization's ESG footprint is often embedded within its supply chain, which can encompass tens of thousands of individual suppliers. The traditional methods of ensuring ESG compliance, such as manual audits, questionnaires, and investigations, are not only resource-intensive but also prone to inaccuracies. This inefficiency and lack of reliability underscore the urgent need for a radical transformation in how we approach ESG supply chain compliance.
Introducing Data Kinetic ESG supply chain risk auditing, a pioneering solution set to revolutionize ESG compliance within supply chains. Leveraging the power of Artificial Intelligence (AI), Machine Learning (ML), and Large Language Models (LLM), Data Kinetic offers a comprehensive, automated solution customized for supplier compliance and intelligence at scale. This innovative approach not only simplifies the complex task of ESG compliance but also significantly reduces associated costs for auditing, and investigation.
By managing large volumes of unstructured data and identifying key trends and potential areas for investigation, Data Kinetic provides organizations with actionable insights into their ESG performance. This enables businesses to focus on outliers, respond to near real-time market changes, and ensure a safe and compliant supplier ecosystem
*source: cfodive.com - Most companies unable to gauge whether suppliers meet ESG goals: survey '22
Rapidly retrieve, audit, and analyze CSR reports
Corporate Social Responsibility (CSR) reports provide a wealth of information about a supplier's environmental, social, and governance practices, offering valuable insights into their commitment to sustainable and ethical operations. However, the process of extracting, analyzing, and scoring each supplier's ESG programs and compliance is a complex and challenging task.
Each supplier's CSR report is unique, often varying in format, depth of information, and the metrics used. This diversity makes it difficult to extract relevant data and compare it across different suppliers.
The analysis of this data requires a deep understanding of ESG standards and the ability to interpret how specific practices impact these standards. Scoring each supplier's ESG compliance adds another layer of complexity, as it requires the development of a standardized and fair scoring system that can accurately reflect a supplier's ESG performance.
This intricate process can be time-consuming and prone to errors, especially when handled manually. However, it is a critical step in ensuring that an organization's supply chain aligns with its ESG goals and commitments.
Augment CSR baselines with news, activity cohorts, and supply chain insights
Augmenting Corporate Social Responsibility (CSR) baselines with additional data sources such as news, activity cohorts, and supply chain insights can significantly enhance the depth and accuracy of ESG compliance assessments. News sources can provide real-time updates on a supplier's activities, revealing potential ESG risks or achievements that may not be reflected in their CSR reports.
Activity cohorts, which group suppliers based on shared characteristics or behaviors, can offer comparative insights, helping organizations identify best practices and areas for improvement within their supply chain.
These additional insights can shed light on the indirect ESG impact of an organization's operations. For instance, a supplier's environmental footprint can be influenced by their own suppliers, and these second-tier impacts can be significant. By incorporating these additional data sources into the analysis, organizations can gain a more comprehensive understanding of their ESG performance, beyond what is reported in traditional CSR documents.
A BRIEF OVERVIEW OF ESG SUPPLY CHAIN INTELLIGENCE
In this short video, we'll take you through the challenges, impact, and unique approach Data Kinetic takes to accelerating your ESG supply chain intelligence.
