Third-party risk management software and services provider Prevalent announced today that it has enhanced its Platform Essentials third-party risk assessment solution, adding capabilities enabling organizations to perform ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. assessments for their entire vendor population, and to determine if a ransomware vulnerability affects their supply chain.
Prevalent’s solutions aim to enable companies to eliminate risks including the security and compliance exposures that come from working with vendors, suppliers and other third parties. Features included in its Platform Essentials SaaS solution include topical assessments to determine ransomware risk and ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. policy adherence with standardized assessment templates, document management supporting profiling and tiering, ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. and ransomware assessment answers, ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. scores from 12,000+ publicly-listed entities, and risk reporting showing inherent and residual risk, ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. risk, ransomware risk.
Alastair Parr, Senior Vice President of Global Products and Risk for Prevalent, said:
“Third-party risk management professionals don’t have to look far to read about two of the most prominent risks facing their organizations today – ransomware and environmentalEnvironmental criteria consider how a company performs as a steward of nature., socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. and governanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. (ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments.). Although different, each risk can result in significant business disruption or reputational damage if not properly managed. Once it became evident that these threats could affect organizations of all sizes, we quickly dedicated resources to enhance Platform Essentials, ensuring our customers could proactively protect against these risks while informing tiering decisions.”
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