The next era of environmental, social, and governance (ESG) regulation is upon us. For many companies, this has meant a focus on greenhouse gas emissions or company structure. However, for businesses that make things, ignoring the “S” in ESG is a huge risk. Most companies have incredibly complex supply chains, spanning hundreds of factories. Understanding each factory’s performance and impact is challenging even in the broadest strokes, but when these factories are thousands of miles away and spread throughout multiple countries, the intricacies of due diligence and sustainability management become even more challenging. That doesn’t mean you don’t care about the people working there, the materials used, or the conditions of the environment. It means you need a better way to handle these global supply chains.
At Worldly, we provide a platform that helps companies know what they don’t know, with impact intelligence across their supply chain — from the people making the products to those buying and using them. We are committed to building a solution that helps simplify the process of knowing where to focus your sustainability and social impact efforts across the value chain. That’s why we’re proud to announce that Worldly has acquired the assets of Fair Factories Clearinghouse (FFC). FFC builds scalable software to facilitate continuous improvement in social, environmental, and security issues. These tools help create safe, humane working conditions for people working on the front lines of the consumer goods production supply chain. By joining forces with FFC, Worldly now offers the broadest and deepest primary ESG data, insights and solutions in the industry.
Responsible business conduct and corporate compliance is becoming more complex as the public and governments increasingly demand that companies visibly manage their entire supply chain to adhere to social, environmental, security, and safety requirements. This progression reflects Worldly’s commitment to supporting brands with collaborative, flexible and cost-effective technology, training tools, and solutions for efficient and effective management of supply chain compliance.
Businesses have an urgent need for primary data to inform their social, labor, and sustainability programs. Having access to that information in one place increases the efficiency with which decision makers can draw insights to make improvements, and it lowers the cost and overhead of administering their Environmental, Social, and Governance (ESG) programs.
By working together, we’re able to provide global brands and retailers quick access to the social impact data they need with best-in-class technology and features, so businesses don’t have to worry about gathering and sharing data, and can instead focus on making improvements where they matter.