Why Now?

Addressing environmental risk in the supply chain is no longer an option—it is a necessity. Governments, investors, and consumers are increasingly holding businesses accountable for their environmental impact, demanding transparency, and sustainable practices. By complying with regulations, achieving supply chain transparency, conducting risk assessments, adopting sustainable practices, and fostering collaboration, companies can navigate the complexities of the modern business landscape responsibly.

Primary Challenges Facing Companies.

Lack of Supply Chain Transparency
‍Limited visibility and understanding of suppliers' environmental practices. Complex Global Supply Chains: managing environmental risks across multiple locations and diverse stakeholders. Resource Scarcity and Price Volatility: The scarcity and price volatility of critical resources, such as water, energy, and raw materials, can disrupt supply chains.

‍Climate Change and Extreme Weather Events
‍Increasing frequency and severity of climate-related events, such as hurricanes, floods, and wildfires, pose significant challenges to supply chain resilience and continuity.

‍Compliance with Evolving Regulations
‍Keeping up with constantly changing environmental regulations and standards across different jurisdictions can be demanding.

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Balancing Short-Term Profits with Long-Term Sustainability
‍Balancing short-term financial goals with long-term sustainability objectives.

‍Limited Stakeholder Engagement
‍Engaging stakeholders, including suppliers, customers, and local communities, in sustainable practices can be challenging.

‍Supplier Capacity and Capability
‍Many suppliers may lack the capacity or resources to implement sustainable practices.

‍Lack of Standardized Metrics
‍A lack of standardized metrics for measuring and reporting environmental impacts can make it difficult for companies to benchmark their performance and track progress effectively.

‍Greenwashing and Credibility Concerns
‍Building credibility and ensuring that sustainability efforts are genuine.

How It Works

Using AI mapping, indexing, and predictive analytics, FRDM risk ranks each supplier across five spectrums (weak to strong) in regards to environmental policy.

‍Using AI mapping, indexing, and predictive analytics, FRDM risk ranks each supplier across five spectrums (weak to strong) in regards to environmental policy.  FRDM uses only your basic available vendor data (supplier name, industry, location, spend, and purchase) so you don’t have to overburden your team and suppliers with difficult data requests.

FRDM runs constant adverse media checks for any mentions of environmental issues or reports against supplier names. Suppliers are offered a free portal called supplier link providing the supplier with resources and assessments to determine environmental policy maturity based on their country and industry. GHG reporting and certifications are collected through the supplier link. All information provided by supplier is nested in their buyer's dashboard.

Features

GHG accounting
Cloud based multilingual supplier policy assessment
Adverse media and legal alerts
Product level heat mapping including commodities
Supplier dashboard with benchmarking
Supplier policy assessment and certifications gather (free to supplier)
Sub-supplier risk mapping
Supplier improvement workflows
Intuitive reporting

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Data Sources

The Global Sustainable Competitiveness Index 2022S
ASB

Reporting Frameworks

Carbon Disclosure Project
Greenhouse Gas Protocol
Sustainable Development Goals