A template for the ESG score calculation

The requirements for companies to integrate sustainability aspects into their supply chains are constantly increasing. A key component of this sustainability strategy is the calculation of suppliers' ESG scores (Environmental, Social, Governance). This key figure makes it possible to assess the sustainability performance and reliability of partners and ensure that they meet the company's environmental, social and ethical standards.

‍

Why ESG assessments are so important for suppliers

‍

The ESG assessment enables companies to systematically monitor the sustainability of the products and services they supply. It provides a valuable basis for ensuring that suppliers meet the defined ESG standards and protect the long-term sustainability of the company and its reputation. With increasing pressure from regulatory requirements and rising standards in the area of sustainability and compliance, the ESG score is becoming a decisive criterion in the selection and evaluation of suppliers.

‍

To support companies in this important task, Tacto provides a practical template for the ESG score calculation in the form of an Excel file. This template enables companies to carry out the ESG assessment systematically and take all relevant aspects into account. The template is designed so that it can be easily adapted to a company's specific requirements and priorities, and companies can also use Tacto to define their own criteria that they wish to include in their ESG score calculation.

‍

The three pillars of the ESG score

‍

Our ESG calculation comprises three main categories - environmental, social and governance - which comprehensively assess a supplier's sustainability performance. Each of these categories comprises different aspects that are relevant for the calculation of the ESG score.

‍

1. environment (Environmental)

‍

This category assesses the environmental impact of suppliers. Among other things, the template asks about the existence of environmental certificates and CO₂ compensation. Based on this information, an ecological score is calculated for each supplier.

‍

2. social (Social)

‍

In the social area, the working conditions and social practices of suppliers are taken into account. For example, we examine whether a human rights officer is in place and how high the risk of forced or child labor is.

‍

3. corporate governance

‍

This category highlights the supplier's ethical and corporate practices. One criterion here is, for example, the proportion of female managers or the company's corruption risk index. The governance score shows how responsibly and ethically the supplier acts.

‍

How the ESG score is calculated

‍

The ESG assessment in the Tacto template works simply and efficiently. For each of the three main categories, various relevant aspects are evaluated and converted into a specific score. These individual scores are then incorporated into the overall ESG score, which can be adapted to the company's priorities.

Advantages of ESG valuation with Tacto:

‍

• Flexibility: The template is easily adaptable to the specific focus and requirements of the company.
• Transparency: A clear and transparent evaluation of suppliers helps to make well-founded decisions and identify risks at an early stage.
• Promoting sustainability: With a regular ESG assessment, the sustainability of procurement processes can be continuously increased and the corporate image protected.

‍

Conclusion: Sustainable supply chains as a competitive advantage

‍

A structured and comprehensive ESG score for suppliers is increasingly becoming a prerequisite for long-term business success. With its ESG score template, Tacto offers a valuable tool for evaluating the sustainability performance of suppliers and ensuring that they meet the company's high standards. This not only creates transparency, but also strengthens the sustainability of the entire supply chain - and ensures long-term competitiveness.

Download our template now!

‍

‍