External party (customers and suppliers) ESG Reporting are rife with Challenges
As organizations need to report on their ESG ratings, they involve their trading parties: customers (who demand) and suppliers (who contribute). Yet, they face many challenges (data access, collection, accuracy & consistency, integration & compliance with standards and ESG reporting frameworks) with severe time and resources constraints, especially at period-ends.
Severity & Impact of these Challenges
1. High Reporting Costs
2. Risk of missing customers & regulatory reporting deadlines
3. Damaged reputation & green washing fines in case of inaccuracy
4. Damaged relationships with customers (losing sales opportunities) and suppliers (losing cost optimization opportunities)
5. Risks related to ESG factors, such as environmental liabilities or social compliance issues
6. Reduced access to green capital due to insufficient ESG ratings
Limitations of the current set-ups
1. Siloed Organizations: fragmented communication and limited data sharing
2. Disparate IT Systems: complexity, inconsistencies, manual operations and delays
3. Aggregate analytics: inaccuracies, biases, opacity
4. Governance gap: lack of ownership & accountability throughout the extended supply chain
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Accelerate your ESG reporting
Accelerate your ESG reporting
Based on decades of experience of Supply Chain Sustainability and Commercial Transactions, TradinLoop founders have designed on online platform that accelerate transaction-related ESG reporting at scale
Accelerate your ESG Reporting
Based on decades of experience of Sustainability and Commercial Transactions, TradinLoop founders have designed on online platform that accelerates transaction-related ESG reporting at scale
Benefits to CFOs
1. Enhanced Data Accuracy and Granularity and reflecting real-time performance and trends
2. Improved Compliance and Risk Management at every step of their operations, reducing non-compliance and the associated financial and reputational risks.
3. Increased Transparency and Trust with Stakeholders (investors, customers, and regulatory bodies)
4. Faster Reporting helping meet regulatory deadlines and the ability to respond promptly to stakeholder inquiries
5. Cost efficiency within routine transaction processes, reduces errors, and decreases the reliance on costly external audits or consultants
6. Access to Green capital (green bonds, sustainability-linked loans, and other forms of financing that are contingent on meeting certain ESG criteria)
Use Case
Use Case
Take this supplier to a major multinational requiring detailed ESG reporting and making it conditional for business continuity (not just future sales but current ones) in one given format not aligned with global standards. It has to urgently coordinate across its organizational entities and systems : by using TradinLoop, they are able to continuously, consistently and swiftly collect transactional data within which all ESG metrics are embedded and report it in whichever format any customer or regulator requires, keeping years of record and also enabling future projections
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