NAVEX Integrates ESG Suite into Risk and Compliance Platform
Integrated risk and compliance management software provider NAVEX announced today the integration of its ESG management solution, NAVEX ESG, into its governance, risk and compliance (GRC) software platform, NAVEX One.
According to NAVEX, the inclusion of the ESG suite into NAVEX One comes as the convergence of corporate risk, compliance and ESG functions is accelerating. NAVEX cited a recent survey in which nearly 90% of risk and compliance professionals said that they include ESG reporting as part of their organization’s overall compliance program.
Key solutions included in NAVEX ESG include ESG Disclosures, helping meet multiple reporting requirements for groups including SASB, GRI, TCFD, and CDP, Responsible Supply Chain, helping manage supplier contacts and ensure that suppliers are aligned to ESG goals, Resource Footprint, providing visibility into business’ impact on communities and natural environments, and Conflict Mineral Management, to track sourcing and ensure supply chain compliance for industries reliant on materials from high-risk areas.
Sean Thompson, NAVEX President and COO, said:
“A holistic approach to governance, risk and compliance management has become a strategic imperative. ESG factors are part of an expanding risk profile and deserve the same attention as other business risks. Integrating NAVEX ESG functionality on the NAVEX One Platform allows customers to create and manage a GRC program that is both data-driven and comprehensive.”