Request Demo
Hero compliance csrd 2

EU Corporate Sustainability Reporting Directive (CSRD) Compliance

ESG and Third-Party Risk Management

The EU Corporate Sustainability Reporting Directive (CSRD) is a law that requires companies to report on environmental, social and governance (ESG) matters, including those that arise from their supply chains, as part of their regular company disclosures. This new reporting was developed to improve consistency in reporting against sustainability goals.

The reporting requirements are called European Sustainability Reporting Standards (ESRS) and generally align with traditional environmental, social and governance (ESG) categories, including:

  • Environment: climate change; pollution; water and marine resources; biodiversity and ecosystems; and resource use and the circular economy
  • Social: own workforce; workers in the value chain; affected communities; and consumers and end users
  • Governance: governance, risk management and internal control; and business conduct

The Prevalent Third-Party Risk Management Platform can help you get ahead of sustainability reporting requirements with capabilities to assess third parties against a number of ESG topics, and validate the findings with continuous external monitoring into vendor practices.

Relevant Requirements

  • Meet CSRD reporting requirements in Point 9 of the Act with automated assessments and templates

  • Minimize business disruptions with continuous visibility into each vendor’s ESG reputation and track record

  • Gain a clear picture of third-party ESG practices – before and after signing supplier contracts

  • Reduce Directive 2006/43/EC third-party audit reporting complexity by centrally managing ESG assessments with all other risk assessments

Align Your TPRM Program with Expanding ESG Regulations

Download this guide to review current and future ESG standards and legislation, and learn how to prepare your TPRM program for compliance.

Read Now
Featured resource compliance handbook esg

Key Features for CSRD Compliance

  • Icon business info context gold

    Supplier Pre-Screening

    View a vendor’s demographic information, 4th-party technologies, ESG scores, business and reputational insights, data breach history, and financial performance to inform risk-based vendor selection decisions.

  • Icon contract gold

    Contract Lifecycle Management

    Centralize the onboarding, distribution, discussion, retention, and review of vendor contracts, and leverage workflow to automate the contract lifecycle, ensuring enforcement of ESG requirements.

  • Icon dashboard gold

    Comprehensive Supplier Profile

    Build supplier profiles by tapping into thousands of sources of vendor intelligence, plus a feed reporting on the ESG status of 12,000 companies. Profiles include information from the EPA Environmental Crimes Database.

  • Icon risk score gold

    Inherent Risk Scoring

    Use a simple assessment with clear scoring to track and quantify inherent risks for all onboarded suppliers.

  • Icon library gold

    Risk Assessment Library

    Leverage 200+ assessment templates, including industry-standard questionnaires, the Prevalent Compliance Framework (PCF), and customizable questionnaires to assess against ESG criteria.

  • Icon news newspaper

    Supplier Reputation & Sanctions Monitoring

    Access qualitative insights from over 550,000 public and private sources of reputational information, including negative news, regulatory and legal actions, sanctions, adverse media, OFAC violations, conflicts of interest and more.

  • Icon performance gold

    Financial Governance & Transparency Monitoring

    Tap into financial information from a network of millions of businesses across 160+ countries. Access 5 years of organizational changes and financial performance, including turnover, profit and loss, shareholder funds, and more.

  • Icon person warning gold

    Politically Exposed Persons (PEP) Screening

    Screen against a global PEP database with access to over 1.8 million politically exposed person profiles, including families and associates, to instantly identify potential leadership risks.

  • Icon survey 2 gold

    Event Reporting

    Enable vendors to submit proactive event assessments related to environmental disclosures, board changes, notifications and other events – and dynamically update their risk scores based on the results.

  • Icon consolidate

    Central Risk Register

    Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified risk reporting and remediation.

  • Icon remediate health

    Built-in Remediation Guidance

    Take actionable steps to reduce ESG risk with built-in remediation recommendations and guidance.

  • Icon document management file cabinet gold

    Document & Evidence Management

    Store and distribute energy, pollution, diversity, accounting and conflict of interest policy documents and more for dialog and attestation.

  • Icon analyze flag gold

    Risk & Compliance Reporting

    Identify, alert and communicate exceptions to common behavior with built-in report templates.

How Does ESG Fit Into Your TPRM Program?

Our 14-page guide shares a best practices framework for incorporating ESG into your third-party risk management program.

Read Now
Featured Resource Navigating ESG TPRM

Who Wins

  • Procurement

    Reduce the potential for business disruption by ensuring that new vendors adhere to sound ESG practices.

  • IT Security

    Add context to cybersecurity assessments and automate the scheduling, collection, analysis, management and remediation of vendor risks in a central platform.

  • Risk Management

    Ensure that supply chain partners have sound ESG policies in place to reduce the risk of fines, non-compliance and reputational damage.

Featured Resources
  • Ready for a demo?
  • Schedule a free personalized solution demonstration to see if Prevalent is a fit for you.
  • Request a Demo