Supplier Audits & Monitoring evaluates how a company verifies suppliers’ compliance with its environmental, social and governance (ESG) requirements - through systematic assessments, data gathering and follow-up. It covers:
- risk-based audit planning that prioritises high-impact tiers, regions and commodities;
- use of on-site, remote or hybrid audits, worker interviews, document reviews, and digital traceability tools to check labour rights, health & safety, environmental practices and business ethics;
- integration of certification schemes (e.g., SA8000, ISO 14001, RBA, SMETA), third-party audit firms and industry collaboration platforms for shared assessments;
- real-time or periodic performance monitoring via self-assessment questionnaires (SAQs), key-performance-indicator dashboards, grievance mechanisms and satellite/IoT data;
- management of corrective-action plans, capacity-building, re-audits and escalation (including suspension or termination) to drive continuous improvement and ensure alignment with frameworks such as GRI 308/414, EU CSDDD and OECD Due-Diligence Guidance.