All your work in one place : Sustainability Reports, Emissions Tracking,
Supplier Tracking, Custom Assessments, Custom Reporting
With decades of combined experience, Oren is dedicated to empowering businesses with the tools they need to achieve sustainability. Our award winning software solutions are designed to simplify and automate your sustainability journey.
Arooshi Dahiya
Chief Executive Officer
A sustainable supply chain can lead to cost savings by enhancing resource efficiency, reducing waste, and lowering energy consumption. By optimising the use of raw materials, water, and energy, companies can minimise waste and improve operational efficiency, leading to significant cost reductions.
Additionally, sustainable practices often involve investing in renewable energy and energy-efficient technologies, which can lower long-term energy costs. Moreover, sustainable supply chains can reduce regulatory and compliance costs, mitigate risks associated with environmental liabilities, and enhance brand reputation, potentially leading to increased market share and revenue.
BRSR Core is a subset of the comprehensive Business Responsibility and Sustainability Reporting (BRSR) framework introduced by the Securities and Exchange Board of India (SEBI) for listed companies. It includes a specific set of key performance indicators (KPIs) across nine ESG attributes that require reasonable assurance.
The nine ESG attributes are:
1. Green House Gas(GHG) Footprint
2. Water Footprint
3. Energy Footprint
4. Waste Management
5. Biodiversity
6. Employee Well-being
7. Supply Chain Sustainability
8. Community Engagement
9. Business Ethics
BRSR Core differs from the comprehensive BRSR primarily in its focus and requirements for assurance. BRSR Core is a subset of the broader BRSR framework, consisting of a specific set of key performance indicators (KPIs) across nine ESG attributes that require reasonable assurance from third-party auditors.
This makes BRSR Core a more stringent approach to sustainability reporting, emphasising accountability and reliability in the disclosures made by companies. In contrast, the comprehensive BRSR includes a wider range of indicators and allows for more qualitative disclosures without the same level of assurance requirement.
The BRSR Core is designed to enhance the quality of ESG reporting for the top listed entities in India, starting with the top 150 companies by market capitalization from FY 2023-24, and gradually expanding to the top 1000 by FY 2026-27, thereby ensuring a more robust framework for measuring and reporting sustainability performance.
To improve EcoVadis' Sustainable Procurement criteria, organisations should:
- Deepen supplier engagement through corrective action plans and training
- Integrate sustainability data into the entire procurement process
- Enhance technology and digital foundations to analyse ESG data
- Collect a supplier feedback in terms of their relationship with your company
- Align procurement practices with global standards
- Foster a culture of continuous improvement through regular reviews and ongoing training procurement teams
By implementing these strategies, companies can enhance their performance in EcoVadis assessments, drive sustainable practices throughout the supply chain, and contribute to a more responsible and environmentally-conscious procurement landscape.
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