What is the Flori Risk Assessment Tool?
The Flori Risk Assessment Tool is a groundbreaking solution that transforms your supply chain data into:
- An ESG risk assessment
- Concrete measures to mitigate these risks with FSI compliance.
- Reporting in accordance with the CSRD and CSDDD guidelines.
What challenges does the tool address?
The tool addresses the growing need for companies to gain insight into and comply with ESG requirements (Environmental, Social, Governance). This includes identifying risks in the supply chain, taking action to mitigate them, and reporting on progress.
How does the Flori Risk Assessment Tool work?
The tool combines your supply chain data with databases on country- and product-specific ESG risks. It then calculates risk scores for your entire supply chain, by risk category and product. You can visualize the data in clear tables and graphs, and filter by specific criteria.
Flowchart - Flori Risk Assessment Tool
Benefits of the Tool
- Insight into ESG risks: Identify and quantify ESG risks in your supply chain.
- Risk mitigation: Discover concrete action points to mitigate your ESG risks.
- FSI compliance: Improve compliance with the FSI Basket of Standards.
- CSRD/CSDDD reporting: Generate reports that meet legal requirements.
- Data analysis: Gain in-depth insights into your supply chain.
From many sources to one – via IDH?
Instant and secure insights from 20 databases renowned worldwide
for their sustainability, social and safety data.
for their sustainability, social and safety data.
- Leading and most reliable databases used to assess risk.
- All risk dimensions are country/region specific.
Can I use the tool without uploading my own data?
Yes, with the “Risk Explorer Global” feature, you can explore global risks by country without uploading your own data. This gives you a broad overview of potential ESG risks.
How can I import my own data into the tool?
You can import your data in two ways:
- SSS output: Import data directly from the Sustainable Sourcing Scan (SSS) tool.
- Excel template: Download the template, fill in your data, and upload it to the tool.
Can I adjust the risk weights?
Yes, you can adjust the weights of the different risk factors to align with your business strategy and priorities.
Does the CSRD obligation apply to my company?
Only when your company meet two of the following criteria:
- Turnover > €50 million per year.
- A balance sheet total > €20 million.
- > 250 employees (average over one year).
Does the CSDDD obligation apply to my company?
The guideline will apply to companies based in the EU with more than 1,000 employees and a net annual turnover of more than 450 million euros, as well as to companies not based in the EU with a net annual turnover of more than 450 million euros within the EU. Micro-enterprises and small and medium-sized enterprises (SMEs) are not subject to these rules. More information can be found here.
Where can I go with questions about the tool?