Tools: Supplier Assessment Framework
How can our tools help you?
A lack of granular understanding of location and supplier specific risks will have negative impacts on the planet and companies risk liabilities and reputational damage. To meet this requirement TOS has developed a supplier assessment framework to quantify both country by country ESG risks and suppliers’ ability to manage high prevalence ESG risk.
The risk of the location and supplier are then summarised in a table. This serves as an easy way to decipher material topics that pose a high risk. Preference is given to supplier performance because in some scenarios the supplier might perform well and reduce the risk identified at a national level.
Location-Based Supplier Assessment
STEP 1: Identify supplier country
STEP 2: Country data entered in ESG Risk framework
STEP 3: ESG Risk Assessment Framework Provides High and Moderate Risks that Need to be Considered
Risk Assessment Comparison (Location vs Supplier)
Dimensions (Environment, Social, Governance,
STEP 1: Asset owner evaluated against criteria in questionnaire
STEP 2: Questionnaire returned and TOS coverts inputs to web-based application
STEP 3: Questionnaire returned and TOS coverts inputs to web-based application
STEP 4: High and Moderate Risks automatically presented