Impak Analytics

Following Canada's National Day of Truth and Reconciliation, do you think corporations are doing enough for Indigenous communities? impak took a closer look at its database. What’s at stake  In addition to acknowledging the tragic colonial history of residential schools, this day encourages reflection on what is being done to address the urgent issues facing Indigenous populations and their representation in our societies. Only 3% In 2022 and 2023, out of a total of 1,206 positive impacts identified in our business analyses, only 3% directly contributed to the advancement of Indigenous communities, primarily in 2 categories: -renewable energy production for remote communities -supplier diversity programs The state of play Supplier diversity programs are initiatives that contribute positively to businesses in vulnerable communities. However, these programs—simple and inexpensive to implement—do not address the pressing, basic needs of these communities. As mentioned in a 2019 UN report, the living conditions of some Indigenous communities in the Americas (and Oceania) are comparable to severe poverty. Yet, most corporate programs working on access to water, energy, food and medicine—including those of North American companies—focus on Southeast Asia and sub-Saharan Africa. Should the focus be adjusted to answer the needs of communities closer to home? #Indigenous #PositiveImpact #Business4Good #ImpactAnalysis #ESG -FR- Suivant la Journée nationale de la vérité et de la réconciliation au Canada, pensez-vous que les entreprises en font assez pour les communautés autochtones? Nous avons interrogé notre base de données. Enjeu  Outre reconnaître la tragédie de l’histoire coloniale des pensionnats autochtones, cette journée fait réfléchir sur ce qui se fait pour répondre aux enjeux criants des populations autochtones et de leur représentation dans nos sociétés. Seulement 3% En 2022 et 2023, sur un total de 1206 impacts positifs identifiés dans nos analyses d’entreprise, seulement 3% contribuent directement à l’avancement des communautés autochtones. En majorité, ces impacts se classent dans l’une des catégories suivantes: -la production d’énergie renouvelable pour les communautés isolées, et; -les programmes de diversité des fournisseurs. État des lieux: Les programmes de diversité, sans diminuer leur impact positif sur les entreprises issues de communautés vulnérables, ne répondent pas aux besoins de base de ces communautés.  Comme mentionné dans un rapport de 2019 de l’ONU, les conditions de vie de certaines communautés autochtones d’Amérique (et d’Océanie) sont assimilables à la pauvreté sévère. Pourtant, la plupart des programmes corporatifs d'accès à l'eau, à l'énergie, à la nourriture et aux médicaments, y compris ceux des entreprises nord-américaines, se concentrent sur l'Asie du Sud-Est et l'Afrique subsaharienne. Est-ce que les entreprises devraient revoir leur cible pour mieux soutenir les communautés d’ici?

ICYMI: 🚨Why single materiality is not good risk management 🚨

According to Supplier.io's latest #ESG Risk Report, developed with impak, 45% of companies face material risks due to #poorlabor and working conditions. Poor working conditions can lead to labor unrest, strikes, or boycotts, causing production delays and shortages. These disruptions can impact a company's ability to meet customer demands, resulting in lost revenue and damaged customer relationships. Not to mention, the serious reputational damage this can cause. What are some mitigation strategies that #procurement teams can take to address these risks? ✔️ Adoption of comprehensive codes of conduct ✔️ Conducting regular risk assessments ✔️ Implementation of whistleblower mechanisms ✔️ Diversifying their supplier base and encouraging responsible sourcing Download the report here: https://hubs.la/Q02NsqnF0

Missed our 'Uncovering Risk in Modern Supply Chains' #webinar with Impak Analytics? Our recap blog has all the highlights: https://hubs.la/Q02MyLw80 The insights shared in the webinar underscore the importance of proactive #ESG #RiskManagement in modern, complex supply chains. In the words of our own Laura Noonan, “If you don’t know you have the risk, you can’t manage it.” #supplychain #sustainability

Should ESG risks in your supply chain be better evaluated? Research shows that supply chains account for an estimated 70-90% of a company’s negative ESG impacts. Don't miss this webinar focused on actionable insights. Tomorrow at 11am ET | 8am PT to learn how to make sure the rewards of ESG outweigh the risks: https://lnkd.in/es3jq8-u Philip Ideson and I will be joined by Alexandra Di Fabrizio, Laura Noonan, and Daniel Dorr who will answer live questions about: - The highest ESG risks - Leading risk mitigation strategies - How to highlight areas where suppliers excel in ESG performance Can't make it live? Register and we will send you a link to watch on demand! #ESG , #risk , #supplychain Art of Procurement Buyers Meeting Point Supplier.io Impak Analytics

Managing environmental, social, and governance #ESG and #sustainability risks within your #SupplyChain is crucial for improving #sustainability and resilience. Our latest report with Supplier.io offers a comprehensive look into these risks and provides actionable strategies for #procurement teams to tackle them effectively. Read the blog about our findings here: https://hubs.la/Q02KYdmk0

⚖️ Are companies prepared for CSRD? ⚖️ ❓What do you think the share of companies who miss risks when performing a DMA is? ❓One risk that is often overlooked is water. What do you think the share of companies who acknowledge their water risk is?

Don't miss our upcoming #webinar with Art of Procurement coming up on Aug 20th with François Le Bel of Impak Analytics 'ESG Risk in Global Supply Chains: Assess Your Exposure.' Join the conversation to discover how your #ESG initiatives compare to industry peers and identify areas for improvement. Register now: https://hubs.la/Q02JNFYx0

🚨Why single materiality is not good risk management 🚨 Recent news about the Moody's ESG – MSCI Inc. partnership has stirred up an old debate about the sovereignty of US vs EU-based ESG rating agencies as yet another example of consolidation in North American hands. This is mainly due to the stark, almost philosophical differences about how to define sustainability between both sides of the pond, i.e. single vs #doublemateriality. ❓So why does all this matter for FIs? 👉 They are leaving important risks on the table, as shown by the example of #Amazon 📈#impactdata seems to have a good #ROI Link to article in the comments #CSRD #Sustainability

Got plans August 1? 🤔💻 Join us and Impak Analytics for an exclusive #webinar reviewing insights from 200+ #ESG risk assessments, giving you an unparalleled look into the current risks of supplier #sustainability performance, plus offering actionable insights to help your organization navigate the complex world of ESG #RiskManagement. Register here: https://hubs.la/Q02HFk9k0 Supplier.io Daniel Dorr & Laura Noonan and our own Boris Couteaux will help you: - Discover the most pressing environmental, social, and governance challenges currently impacting global supply chains, and learn how to assess your company’s exposure. - Gain insights into how leading companies are addressing these risks through innovative and proactive approaches. - Highlight areas where suppliers are excelling in ESG performance, providing inspiration and benchmarks for your own sustainability initiatives. Don't miss it! Join us live for Q&A, but if you can't make it, be sure to register anyways to get the recording and slides afterwards.