How we can help
We strongly believe that value chain responsibility extends beyond compliance and can be used as a strategic instrument to strengthen your positioning, realise long-term cost savings, and build future-proof supply chains.
We help our clients on their value chain due diligence journey by demonstrating how frameworks such as the OECD Guidelines and the UN Guiding Principles on Business and Human Rights (UNGPs) can be applied. These frameworks provide valuable guidance on performing due diligence throughout your company’s value chain. In addition, we also help establish the extent of your organisation’s responsibilities, as different impacts and the level of involvement of your organisation with these will result in varying levels of responsibility.
We can guide you in implementing effective strategies for sustainable and responsible business practices, mapping your value chain(s), managing and monitoring supply chain risks, and helping you make concrete changes and implement actions.
An overview of typical steps and phases that we help our clients with when working towards value chain responsibility and/or CSDDD readiness:
Value Chain Responsibility Grant Thornton Impact House approach
Basics in place
Value chain impact assessment
Time for action: cease, prevent & mitigate
Monitoring & reporting
Maturity assessment on alignment to OECD Due Diligence steps
Memo that establish legal obligations
Value chain responsibility readiness project plan.
Value chain mapping
Identification high-risk areas
Stakeholder engagement activities and update of project plan
Establish type of involvement for each of the high-priority impacts identified
Stakeholder engagement strategy
Creation of action plans and roadmap
Implement a value chain wide complaints mechanism
Establish internal governance & monitoring processes
Public communication through CSRD report and other channels
Basics in place
Maturity assessment on alignment to OECD Due Diligence steps
Memo that establish legal obligations
Value chain responsibility readiness project plan.
Value chain impact assessment
Value chain mapping
Identification high-risk areas
Stakeholder engagement activities and update of project plan
Time for action: cease, prevent & mitigate
Establish type of involvement for each of the high-priority impacts identified
Stakeholder engagement strategy
Creation of action plans and roadmap
Monitoring & reporting
Implement a value chain wide complaints mechanism
Establish internal governance & monitoring processes
Public communication through CSRD report and other channels
Benefits of partnering with Grant Thornton Impact House
Relevant experience & expertise
we have a pool of experts with direct and relevant expertise on value chain due diligence. Both from a topical perspective (experts on human rights, labour rights, environmental topics, and governance); and a technical and legislative perspective (CSDDD requirements; what are your liabilities and responsibilities; how to do proper value chain due diligence and how to prepare the organization for CSDDD). Our experience is demonstrated through our work with large clients that also have extensive and complex value chains.
A holistic method
in which we combine the business angle (a company’s organisational risks, leverage, and internal stakeholder drives and needs) with the external impact angle (the responsibility of the organization towards the affected stakeholders throughout its full value chain).
Tooling agnostic
we believe that, before selecting tooling that allows an organization to automate and scale, it is important for key people within the organization to really understand and experience the process of ESG due diligence, albeit for one selected product or service in its value chain as a learning experience. This will help to better determine the exact requirements a company has for ESG due diligence tooling (and give the market the opportunity to develop in terms of maturity of the tooling, as we have currently not identified any tooling that is capable of really bringing the added value to be worth the investment).
Impact-driven approach
we are a truly motivated team that is proud of the fact that we support our clients in making value chain due diligence work for the organisation. The added benefit? By making it work for your organisation rather than it being a time and resource drain, our clients establish real change. While helping our clients achieve compliance; we also help them understand the extent of potential adverse impacts and risks in their value chain and identify the most effective way forward. A win-win for all (affected) parties involved.
Would you like to know more? Contact us for a free 30-minute sparring session.
Despite the uncertainty regarding ESG regulation, companies will have to start preparing and improving their due diligence processes and policies in accordance with OECD guidelines as this is a process that will span multiple years. Would you like to know more about what Grant Thornton Impact House can do for your company in terms of CSDDD and value chain responsibility, and how you can best get started? We offer a free 30-minute sparring session to discuss where your organization stands now, and what your next steps could look like.
Contact
If you are interested in advice on becoming CSDDD-ready, please contact us.
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