Environmental, Social and Governance
In a world that is increasingly looking at sustainability, businesses are more likely to succeed and generate excellent returns if they create value for all stakeholders, i.e. employees, customers, suppliers and society at large. With FinDynamic’s solutions, sustainability becomes a strength for your company.
In recent years, the concept of economic development has been inseparably associated with the theme of sustainability. The world economic network (governments, financial markets, banking institutions, etc.) have understood the need for more sustainable development in the social, environmental and economic spheres, adopting policies and urging solutions aimed at rewarding the most virtuous behaviors.
On a microeconomic level, many companies have consequently become aware of how important it is to orient their activities towards ethical principles of sustainability and compatible with ESG (Environmental, Social, Governance) values.
The most evident fact is the now widespread use of sustainability reports, in which companies highlight the commitments and results achieved in the area of corporate responsibility, the so-called Corporate Social Responsibility (CSR).
The importance of ESG values in Supply Chain Finance
The companies in charge of the supply chain have understood that values, commitments and results, in terms of social responsibility, cannot be pursued in isolation from the production process and – therefore – that the respect of ESG values cannot be separated from the ethical management of the supply chain.
The solutions implemented by buyers to support their supply chains – dynamic discounting, confirming, reverse factoring, etc. – have naturally focused on providing financial support to their suppliers. – The solutions implemented by buyers to support their supply chains – dynamic discounting, confirming, reverse factoring, etc. – have naturally focused on providing financial support, preferentially, to those suppliers with the most virtuous profiles from the point of view of ESG valorization.
How to enhance the ESG value of your suppliers in a simple way with FinDynamic
Understanding your provider’s actual adherence to ESG values is not straightforward. There are many providers that provide ESG scoring, reporting and other sustainability information. They represent – however – an additional information provider through an additional IT system to be managed.
FinDynamic is the first platform in Italy that integrates in a single solution not only the tools of financial support to the supply chain (dynamic discounting, confirming, reverse factoring, etc..), but – always through a single integrated system and thanks to partnerships with leading providers – allows to have evidence of ESG values of its suppliers and to apply in a simple, fast and effective way ethical financial support policies towards the most deserving suppliers.