To reach sustainability at scale, companies need a way to access and manage standardized and comparable ESG information on all of their suppliers, portfolio companies, and clients. With Sustainable Sourcing start solution – you get just that! Scrap complex spreadsheets and endless ESG questionnaires that keep getting lost in your inbox.
In this guide, we will walk you through how to join the Worldfavor network, create your own Transparency profile and unlock the Sustainable Sourcing Start solution to start accessing, manage and act on the ESG information you need from other companies. All in one place.
What is Worldfavor Transparency?
Worldfavor Transparency is a digital meeting place for companies, investors, banks, suppliers, and other business stakeholders to easily exchange Environmental, Social, and Corporate Governance (E, S, G) information required across different business relationships. Both share your company’s ESG information and access it from other companies. Join the Network and create your free Transparency account today!
How to access ESG information from companies you care about:
#1 Complete your Transparency profile to unlock the Sourcing Start solution
Once you’ve finished your own Transparency profile you unlock your free Sustainable Sourcing Start solution
Start by creating your own account and get access to the Transparency solution straight away – where you can add and share your ESG information with all your stakeholders from one place. The platform automatically informs you which regulations you need to comply with depending on your industry, country, and organizational activities. Once you’ve got your company’s sustainability information in place and published your Transparency profile – you’ll unlock the Sustainable sourcing Start solution (for free!) and can start accessing standardized ESG information from other companies.
What is the Sustainable Sourcing Start solution?
Sustainable Sourcing Start is the freemium version of our Sustainable Sourcing solution – which enables companies to easily access, gain insights from and subscribe to their suppliers’ ESG information. Simply unlock the solution by publishing your own Transparency profile. Once your own ESG information is in place, you will automatically unlock the Sourcing Start solution.
Are you an investor, bank or another financial institution interested in accessing ESG information from your portfolio companies or customers? Talk to one of our account executives to learn more about our Sustainable Investments solution
and Sustainable Finance solution.
#2 Add your suppliers, portfolio companies, and clients to your supply chain
Add your suppliers to connect them to your supply chain. If the supplier already exists in Worldfavor, you can link to its profile straight away. Otherwise, easily invite them to join the network with a click
#3 Invite suppliers to create their own account and join the network
If you need ESG information from a company that does not yet have an account, invite them to join the Worldfavor network for free to start adding, managing, and sharing their own ESG information. It’s a great way to boost your response rate while simultaneously encouraging your suppliers to accelerate their own sustainability journey!
#4 Link companies you want ESG information from to your profile
Ease the ESG information exchange process for you and your reporting companies. Link your suppliers to their Transparency Profiles to send requests and access documents straight in the platform.
Make it easy for companies to provide you with the ESG information you want. Link your suppliers to their Transparency profiles in Worldfavor. Once a supplier is linked, you can send them information requests straight through the platform. Say goodbye to spending valuable time chasing data – this step enables you and your supplier to connect and ease the exchange process.#5 Subscribe to the companies you care about to stay up-to-date on their ESG information
Subscribe to your suppliers, portfolio companies, or clients to get notified when they’ve responded to your requests
Get a constant stream of real-time information from the companies that are linked to your supply chain. Subscribe to your suppliers’ transparency profiles and get notified on the spot when they have added or changed their ESG information – so you will get access to the information as soon as it’s been created and available on the platform.
Some talk about transparency – others do it. By subscribing to your suppliers’ transparency profiles, you will always be in reach to the necessary insights you need to achieve transparency. True transparency.
#6 Screen, compare, filter and gain insights straight from the platform
Once all your suppliers are linked to your supply chain – you’re ready to start taking action on their ESG information! Screen, compare and filter to quickly pull out the specific information you are searching for. Never has there been easier to work with big sustainability data!
What is the difference between Sustainable Sourcing Start solution and Sustainable Sourcing solution?
The Sustainable Sourcing Start solution is the free, limited version of our Sustainable Sourcing solution. Upgrade your account to access more features and accelerate your supply chain sustainability. With the extended version, you will be able to send customized questionnaires, export your findings and deepen your insight analysis. Our sales team would love to tell you more!
Join the Worldfavor Network to access standardized ESG information. Every time.
The Worldfavor Network enables companies to connect and easily share standardized and comparable ESG information with each other. The standardized ESG information shared within the Worldfavor network is based on our Sustainability data framework. Created in line with leading frameworks and regulations, covering the data you need in order to stay aligned – so you can ensure accurate and reliable information every time. Join the network and empower a more sustainable and transparent future.
