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SIG Podcast Episode with Moody’s Analytics & Trust Your Supplier

The latest episode of the Sourcing Industry Landscape podcast focuses on how procurement and compliance teams of enterprise organizations are coping with geo-political, regulatory, and industry risks. 

Host Dawn Tiura, SIG President & CEO discusses the Trust Your Supplier and Moody’s Analytics partnerships for illuminating supplier risk with Gary Storr, Trust Your Supplier’s GM, and Enrico Aresu, Moody’s Analytics Director of Compliance & Financial Crime Industry Practice Lead for DACH and BeNeLux. 

Gary describes the evolution of TYS, and why we’ve evolved from an onboarding platform to a full ecosystem of risk & compliance data & tools. Partnering with risk Intelligence data providers, such as Moody’s Analytics, allows TYS users to stay on top of a wide array of compliance regulations, such as the new Human Rights legislation (SCDDA) from Germany.  

Listen or watch at: 

SIG:  https://sig.org/preventing-risk-and-compliance-struggles-keeping-your-buyers-night-enrico-aresu-moody%E2%80%99s-analytics  

iTunes: https://podcasts.apple.com/us/podcast/preventing-risk-and-compliance-struggles-from-keeping/id1352492997?i=1000585400855 

YouTube: https://youtu.be/LnkmRSeo6Gw 

April Harrison Blog, Podcast, Risk & Compliance 0 Comments

Germany Supply Chain Due Diligence Act: A Guide for Suppliers 

Lieferkettensorgfaltspflichtengesetz (Lieferkettengesetz or LkSG) comes into effect in Germany from 2023. Known in English as the German Supply Chain Due Diligence Act (SCDDA), the law mandates companies with offices in Germany to conduct due diligence on their supply chains to protect human rights and the environment.   

For our Trust Your Supplier buyer organizations, we’ve created a quick guide to help your suppliers understand and respond to customer requests in such a way as to make sure that their organization benefits from the process, too. 

This guide can be downloaded here to share with your suppliers. 

April Harrison Blog, News, Risk & Compliance 0 Comments

supplier.io 2022 Supplier Diversity Report

For the fifth year, supplier.io launched a survey aimed to define the supplier diversity industry for the supplier diversity professionals managing and growing their companies’ programs. 

“The State of Supplier Diversity Report revealed big changes in the primary drivers of supplier diversity. More and more companies see programs as a core component of their company culture, and executive and board support is at an all-time high. However, signs of disconnects appear between executive leadership support and solvable challenges that seem to remain for supplier diversity practitioners, notably in implementing scalable processes. “

Download the 2022 report to learn more.  

Supplier.io is now available on the Trust Your Supplier network. Learn more: https://trustyoursupplier.com/portfolio/supplier-io/ 

April Harrison Blog, Risk & Compliance, Supplier Diversity 0 Comments

supplier.io is a TYS Partner

supplier.io is the leading SaaS provider of solutions that enable companies to manage, optimize, and scale their supplier diversity programs. Equipped with unparalleled data intelligence, superior technology, and expert guidance, customers can establish and advance their supplier diversity initiatives effectively and strategically. 

Supplier.io is now available on the Trust Your Supplier network. Learn more: https://trustyoursupplier.com/portfolio/supplier-io/ 

April Harrison News, Risk & Compliance, Supplier Diversity 0 Comments

Ethical Considerations of Digital Transformation

Our Chief Technology Officer, Mohan Venkataraman, provides thought leadership to the tech community at large. His latest article, Ethical Considerations of Digital Transformation, is a sensible case for companies doing the right thing for society and the planet. Mohan lays out three ways to ensure your business is practicing ethical principles.  

By design, Trust Your Supplier incorporates these steps into our features and workflows. From audit & compliance management, supplier diversity, ESG or other compliance initiatives, TYS provides business process transparency, data privacy, and key partnerships to maintain ethical standards. 

Published by Entrepreneur magazine, enjoy the full article here. 

 

April Harrison Blog, Data Privacy & Security, Digital Transformation, ESG, Risk & Compliance, Supplier Diversity 0 Comments

Business Benefits from Sustainability Practices (Beyond Compliance)

Long-term business benefits from sustainability practices go beyond checking a box for compliance. Our Trust Your Supplier compliance partner, EcoVadis, offers a fascinating read into the “Compliance Trap” and lays out the many benefits of working with your suppliers for true sustainability improvements. 

https://resources.ecovadis.com/buyers/creating-sustainable-value-avoid-compliance-trap 

#Compliance #Sustainability #Sustainablesupplychains 

April Harrison Blog, ESG, Risk & Compliance 0 Comments

Preparing for the EU Due Diligence Legislation

Trust Your Supplier business partners provide key data and thought leadership to help our procurement members mitigate risk and stay compliant. EcoVadis, an environmental, social & corporate responsibility partner, offers suggestions of how your company can prepare for the EU mandatory due diligence legislation. 

https://resources.ecovadis.com/blog/mandatory-due-diligence-legislation-eu-developments-member-state-laws-and-how-your-company-can-prepare  

Learn more about EcoVadis’ partnership with Trust Your Supplier at https://trustyoursupplier.com/portfolio/ecovadis/  

#EUlegislation #compliance #ESG  

April Harrison Blog, ESG, Risk & Compliance 0 Comments

4 Key Areas for Consideration Regarding the EU Green Deal

Wherever possible we are looking at policies and working with our #compliance partners to make sure our questionnaires are up to date with the fast-moving, regulatory compliance within each region. 

Our environmental, social & corporate responsibility compliance partner, EcoVadis, has established 4 key areas for consideration regarding the EUGreen Deal. Get the whitepaper to learn more. 

https://resources.ecovadis.com/whitepapers/eu-policy-recommendations-for-sustainable-supply-chains 

Learn more about EcoVadis’ partnership with Trust Your Supplier at https://trustyoursupplier.com/portfolio/ecovadis/  

#SustainableSupplyChains #ESGstrategy

April Harrison ESG, Risk & Compliance 0 Comments
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