Why we exist

We want to make the world a better place by building an infrastructure of trust.

“Trust is the grease of the economy and the glue of a healthy society.” Tim Hanstadt, The Chandler Foundation

Our objective is not to maximize profits, but to maximize the positive impact on society and our environment.

CORPORATE SUSTAINABILITY DUE DILIGENCE DIRECTIVE (CSDDD)

Fostering sustainability in corporate governance and management systems.

The European Commission adopted a proposal for a Directive on corporate sustainability due diligence. The aim of this Directive is to foster sustainable and responsible corporate behaviour and to anchor human rights and environmental considerations in companies’ operations and corporate governance. The new rules will ensure that businesses address adverse impacts of their actions, including in their value chains inside and outside Europe.

Corporate Sustainability Reporting Directive (CSRD)

Fostering sustainability in corporate governance and management systems.

The CSRD will amend the existing Non-Financial Reporting Directive (NFRD) and will substantially increase reporting requirements on the companies falling within its scope in its efforts to expand the sustainability information for users.

EASY, SECURE AND TRANSPARENT DUE DILIGENCE

Upcoming EU-legislation like the Corporate Sustainability Due Diligence Directive (CSDD) and the Corporate Sustainability Reporting Directive (CSRD) are aiming for transparency on due diligence including ESG.

Our calculated score aims to remove ambiguity and to provide a clear path for each company, and its supply chain partners to achieve a high certification status score. The visual it creates for participating companies is one that is clear-cut and logical, disentangling the interconnected web of a company’s supply chain.

Supply Chains

Supply chains have extended and expanded geographically, creating an interconnected web of manufacturers and suppliers. Within this web, each player is expected to be responsible for their supply chain in so far as they have an impact. In today’s world, stakeholders expect companies to go beyond compliance to ensure their operations meet high standards of corporate sustainability. This includes the financial and the non-financial performance of the company, and within a supply chain, this includes the company, its suppliers and the suppliers’ suppliers.

Due diligence and transparency build trust among stakeholders that the company is doing what it says it is doing. This supports decision-making for businesses to assess supplier performance and to form new partnerships or collaborations. When companies that are sincere about achieving a sustainable future collaborate, the business and indeed the supply chain it provides are more likely to be resilient.

Business Resilience

The OECD has defined a set of standards for due diligence, which allows businesses to be resilient in an ever more connected world, with exposure to threats from the supply chain and ever closer scrutiny on companies regarding their social and environmental impact.

OECD: Organisation for Economic Co-operation and Development

Source: OECD Flyer Due Diligence Guidance for Responsible Business Conduct

Source OECD Implementation Guidance for Responsible Business Conduct

Establishing Trust

So where can one go to obtain trusted information about companies and its suppliers? This is where our platform comes in. While the trigger to create this platform is EU’s due diligence directive, our mission is to create a safe space for businesses around the world to find reliable business partners to collaborate with. As a blockchain-based gateway, enabling participating companies to regularly self-disclose their credentials which are verified by accredited companies. These credentials would cover their up-to-date due diligence processes for addressing product or service quality, anti-corruption, carbon emissions, human rights protection and safety, to name a few.

Source EU’s due diligence directive

Trust expressed in a ValueScore

In the platform we transparently calculate to what degree your company and your supply chain complies with the mandatory requirements of the sector(s) and jurisdiction(s) in which you operate. This is expressed in a Value Score. This makes it easy to detect gaps, and creates actionable lists to close this gap.

You cannot manage what you do not measure.