ESG Software for capital and asset intensive operating environments

The days of box-ticking are numbered. Organisations need to deeply understand their supply network and prepare for legislative requirements. It’s time to get serious about ESG. And software can help.

Why care about ESG?

It’s better to stay ahead of the compliance curve and start implementing a socially responsible procurement framework.

More opportunities

Demonstrate to clients and shareholders you are meeting sustainability requirements from your supply chain.

Societal expectations

The stakeholder economy means meeting the expectations of a wider group, not just investors.

Competitive advantage

By expanding your network, you can tap the potential of previously overlooked suppliers.

Using software solutions for ESG

  • Vendor onboarding
  • Sourcing
  • Reporting

Vendor onboarding

Capture the right vendor data

Build a centralised supplier database with an ESG specific questionnaire during the prequalification and requalification process. Store relevant documents (e.g. Reconciliation Action Plan, Modern Slavery statement) and tags for database segmentation.

Sourcing

Act on sustainable procurement policies

Easily identify vendors via filters and raise engagements to meet social procurement targets. For complex tenders, store documents capturing bidders’ commitment to ESG, then close the loop by evaluating subcontractor performance against set goals (e.g. diversity and inclusion).

Reporting

Measure ESG performance

Provide real-time reporting to clients and shareholders on your progress towards supply chain related ESG targets. Via APIs, you can export supplier data and perform deep analysis in your BI tools.

Are we keeping pace?

With ESG reporting mandates on the rise, challenges remain. Construction companies need to work with their supply chain and align targets.

  • 43% Found it very challenging to source suitable vendors to meet CSR type targets. (Building in The Dark 2022)
  • 48% Explicitly identified ESG opportunities for their business. (PwC, 2021)
  • 65% Did not have sufficient transparency over what happens away from the job site (Building in The Dark, 2022)

Socially responsible procurement enabled

Know your vendors so you can identify gaps to sustainability targets such as Indigenous owned, local content, apprenticeship, SME, gender diversity etc.

Ensure relevant stakeholders can access comprehensive, accurate and up-to-date data on existing and new vendors.

  • Database segmentation with ESG filters
  • ESG questionnaires for suppliers
  • ESG contracts and engagement reporting

ESG policies and procedures realised

With increasing compliance needs, technology can facilitate corporate accountability, by “de-siloing” and increasing collaboration enterprise-wide.

Strengthen your procurement governance to ensure integrity, mitigate risk and reduce fraud.

  • Role-based access permission
  • Customisable approval workflows
  • Audit trails
  • Secure data platform

What our customers say

Sustainability reporting requirements are changing over the coming years, and no doubt will continue to evolve. By having one centralised place to capture our vendor data in relation to these requirements, as regulations and legislation do change over time, we have access to a bank of past information to make more informed decisions. Felix is helping us prepare for the future.

Jonathan McCann — Finance Manager at Enviropacific

Put your ESG framework into practice

The right processes enabled by the right technology to achieve goals for both your clients, supply chain and investors.