Supply Chain, the new IFS ESG Compliance Check tool

IFS introduces IFS ESG Compliance Check , a new tool under the IFS Supply Chain Solutions brand.

This resource enables you to evaluate and improve your company's sustainability practices and supply chain management system .

IFS ESG Compliance Check evaluates the company's upstream supply chain management system . It highlights the effectiveness of the processes.

The unique combination of a preliminary assessment and an on-site or remote control by an auditor ensures the robustness and reliability of the data.

ESG Compliance Check will replace the current IFS ESG Check .

Also includes:

• a preliminary assessment,
• a risk mitigation plan
• an action plan for improvement.

The verification can be carried out independently or as an add-on module to an IFS audit or other audits or assessments.

These are the advantages:

• Benchmark your sustainability management system , including supply chain transparency
• Identify critical raw materials and create a customized risk mitigation plan for your company
• Preparing for ESG regulations and due diligence requirements
• Demonstrate your commitment to ESG principles
• Provide reliable information to your stakeholders, verified by an auditor
• See progress made on your ESG initiatives
• Evaluate your carbon footprint management system with the optional IFS Carbon Footprint module .

As an addition to the ESG Compliance Check, the Carbon Footprint module has been slightly revised to accommodate the new approach. It remains a voluntary option to determine whether a company has established and maintained effective processes to identify carbon risks in its supply chain.

Using this module you can establish a carbon footprint management system, quantify your greenhouse gas (GHG) emissions and take action to reduce them .
The current IFS ESG Check Acceptance Letters remain valid until the expiry date.

Studies show that companies that operate responsibly and sustainably earn the trust of customers and investors, fostering long-term success.

Managing environmental, social and governance (ESG) risks in the supply chain can be challenging for small and medium-sized businesses.

The new IFS ESG Compliance Check helps to address these issues effectively. With the results of a validated check , these companies gain a comprehensive overview, confidently demonstrate their commitment to stakeholders and set ambitious future goals.