Digital transformation solutions provider, CRIF, is set to offer its pioneering ESG audit tool, Synesgy, to the UK business landscape.
Synesgy is being introduced to meet the rising demand for sustainable supply chain practices, particularly in the UK where financial institutions are under increasing scrutiny for their environmental impact.
Founded in Italy, CRIF specialises in credit and business information systems, outsourcing and processing services, and software solutions for businesses. It currently serves over 250,000 companies, including 350 banks and insurers, in more than 60 countries.
Designed to align with the UN’s 2030 Agenda for Sustainable Development, Synesgy aids firms in complying with stringent supply chain sustainability requirements. The product offers capabilities to assess and improve complex scope 3 emissions by enabling businesses to view and measure the sustainability ratings of their associates.
Additionally, Synesgy offers functionalities such as supply chain performance evaluation, informing procurement decisions, averting operational and reputational risks, and enhancing transparency around ESG ratings. According to EY, the UK’s largest banks and investors emit 805m tonnes of carbon annually, nearly doubling the UK’s domestic emissions.
Sara Costantini, CRIF’s regional director for the UK and Ireland, said: “Climate change is the defining challenge of our time and every one of us has to play our part in protecting the planet for future generations. For businesses this is no exception. As customers look to companies that are a force for good, it’s crucial that businesses understand both their own ESG performance and that of their entire supply chain. At CRIF, our objective is to help business navigate the complex world of ESG by utilising data and insights. Through this, we’re helping more businesses to put ESG at the heart of their work, and we’re empowering them to play their part in charting a path towards a more sustainable future,” explained Costantini.
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