An Italian start-up has been established with the aim to develop the first complete reference platform for European SMEs wishing to base their economic growth on social and environmental sustainability. Through the on-line assessment, the platform provide a concrete tool that supports companies in their sustainable growth step by step, with measuring, improving and monitoring actions.
The measure of the company’s sustainability is given by a score, rating from 0 to 100, obtained combining dynamically 10 different dimensions of sustainability: Transparency, Waste management, Energy, Environment, Professional ethics, Mobility, Health and safety, Value chain, Economics, Social responsibility.
The tool provides companies the measurement of sustainability performances across over 60 different standards, like SDG (Sustainable Development Goals), GRI (Globally Responsible Initiative), ISO as well as EU 2020-2030-2050 frameworks and compliances.
The score allows the company to compare its own performances with other companies in the same size/industrial sector, clearly indicating how far it is from the excellence.
Aiming to guide the performance improvement, beside the score a personalised report is automatically generated, with detailed suggestions on how to solve the specific problems. The over 25 pages report collects the analysis results and operational proposals divided in 10 sections like: Highlighting vulnerabilities, avoiding business and legal risks, education on European frameworks and sustainability, short, middle and long-term practical suggestions and implementations.
Once a company gets its score, the open-source algorithm will keep updating its core dynamically, advising the company when something needs to be updated or done (for example if the scientific research or the European directives evolve).
With the aim of promoting and facilitate the dissemination of the platform use, the Italian company is looking for partners wishing to cooperate under:
- technical cooperation agreement with scientific/technical partners able to give a contribute in the platform adapting and updating activities, and interested in opening the platform in their own country;
- commercial agreement with technical assistance, with public/private organisations, corporate brands, associations who want to promote the platform use and integrate the ESG (Environmental Social Governance) rating logic into their supply chain performance and/or in the tendering process;
- financial agreement with investors interested in supporting innovative sustainable companies and differentiating their portfolio of sustainable business initiatives.