Environmental Social Corporate Governance
In an environment increasingly shaped by environmental, social and governance (ESG) principles, Fortrex Technologies has become an example of bridging the critical gap between ESG and third-party risk management (TPRM). As customer demands and tracking have increased, so have needs fulfillment and delivery networks.
Understanding the Ethical Environment
Fortrex identifies the evolving nature of consumer behavior in which ethical considerations play an important role. Reflecting the growing number of projects and activities, Fortrex recognizes that companies must engage with ESG initiatives to meet customer expectations and regulatory requirements.
ESG-TPRM Integration: Fortrex's Role
Fortrex is still taking up the challenge of incorporating ESG into TPRM projects. 43% of these companies understand this and go by a more complicated strategy. With regards to defining the ESG project scope, appraising every third party for ESG risks and then taking corrective actions; Fortrex has therefore established a strong foundation that ensures smooth integration.
