ESGpedia Registry Enables Companies to Manage Global Supply Chain Sustainability

Singapore-based environmental, social, and governance (ESG) data and technology solutions company, STACS, announced that its platform ESGpedia can now help corporates manage supply chain sustainability by ensuring that suppliers hold accredited ISO certifications.

The latest progress involves collaboration with International Accreditation Forum’s (IAF) global certificate database IAF CertSearch and Quality Trade.

Solar innovation firm, Maxeon Solar Technologies (Maxeon), is onboard as a corporate representative in the live use case and is making further progress in its supplier sustainability monitoring using ESGpedia.

Maxeon first commenced utilising holistic data and digital solutions on STACS’s ESGpedia to monitor the sustainability performance of suppliers in Maxeon’s end-to-end supply chain last October 2022.

In the latest development, the ESGpedia platform enables Maxeon to ensure that suppliers within its supply chain meet Maxeon’s corporate sustainability requirements of being ISO-compliant.

A company’s supply chain accounts for the majority of its Scope 3 emissions. With rising regulatory, consumer, and investor scrutiny, companies like Maxeon have implemented corporate sustainability measures to manage their supply chain sustainability and decarbonise – and this is where monitoring comes in place to ensure the success of these initiatives.

Carefully Screens Suppliers

Lindsey Wiedmann, Chief Legal & Sustainability Officer at Maxeon, said: “As part of our company’s purpose of Powering Positive Change™, Maxeon screens suppliers carefully and requires them to be ISO-certified. The goal of our partnership with ESGpedia by STACS is to achieve a one-stop holistic view of all relevant ISO certificates of current suppliers in one portfolio on a single data registry.”

In the latest collaboration, ESGpedia connects directly with IAF CertSearch, powered by Quality Trade, to retrieve valid accredited ISO certificates. The validity of certificates is dependent on numerous factors such as expiry or any updates in the company’s sustainability commitment.

Established by the IAF, IAF CertSearch is a global database of 900,000+ verified and accredited ISO Certificates obtained from various accreditation and certification bodies. ESGpedia then harmonises the ISO certificate data into standardized company ESG profiles and organises Maxeon’s current suppliers’ ESG profiles into a single portfolio for ease of verification and monitoring by Maxeon.

Based on various factors, Maxeon is also able to gain full transparency of which suppliers across their entire supply chain hold valid accredited certifications and be alerted when there is a change to the status of any certification, helping Maxeon manage supply chain risk.

Available at no cost on ESGpedia, the digitalised and simplified self-assessment tool is designed to lower the barriers to entry for corporates and SMEs to kickstart their sustainability journey through a form of an easy and guided program towards sustainability, and to report metrics that are aligned with stakeholders’ needs for consistent, comparable, and shareable data.

This helps suppliers who have yet to embark on sustainability or any certifications to start easily with a simplified and guided program, to attain their ESBN Asia-Pacific Green Deal badge to showcase their sustainability commitment to corporates like Maxeon.