Client Profile: A large US-based Fashion, Apparel & Footwear company
Challenge:
The Fashion & Apparel company was seeking to improve the sustainability performance of its global supply chain. They needed a solution to effectively monitor supplier ESG performance, ensure compliance with their sustainability standards, and mitigate potential risks throughout the supply chain.
Solution:
The company turned to the GreenFi platform to address these challenges. GreenFi enable the Fashion & Apparel company to:
- Supplier ESG Disclosures: Collect comprehensive ESG data and disclosures from its suppliers, providing visibility into the sustainability practices of its supply chain partners for accurate reporting.
- ESG Compliance Verification of Suppliers: Leverage the GreenFi platform to verify the ESG compliance of its suppliers including certifications and credentials, ensuring they met the company’s sustainability requirements.
- Supplier Monitoring of ESG Incidents: Continuously monitor suppliers for any ESG-related incidents including physical climate risk and social performance, allowing the company to proactively address and mitigate potential risks.
- Supply Chain ESG Due Diligence and Risk Mitigation: Conduct in-depth ESG due diligence on its supply chain, identify areas of risk, and implement strategies to enhance the overall sustainability of its procurement practices.
- Sustainable Financing: Provide sustainability linked loans to suppliers for transitioning to sustainable operations, in partnership with banking partners.
Results:
By implementing the GreenFi platform, the Fashion & Apparel company can now:
- Gain deeper visibility into the sustainability performance of its suppliers
- Ensure compliance with its rigorous ESG standards across the supply chain
- Proactively identify and mitigate potential sustainability-related risks
- Enhance the overall environmental and social impact of its supply chain operations
To learn more on industry best practices and case studies, contact us at hello@greenfi.ai
