Our approach to scoring supports the improvement of your ESG and Sustainability programmes
The Speeki Sustainability Score™ is an unbiased scorecard on your ESG and Sustainability practices provided by experts
The Speeki Sustainability Score™ is a testing and scorecard solution on key ESG and sustainability areas.
The result of the Speeki Sustainability Score™ assessment is provided to the candidate with a report on where they need to focus their attention to improve. Our focus is for you (or your supplier) to be widely successful when it comes to ESG and sustainability and we want to help provide a path for improvement.
The scoring process for each
Speeki Sustainability Score™.
Each Speeki Sustainability Score™ is based on a company answering questions within the Speeki Sustainability Score™ Portal. You will be presented with a set of questions to complete, ranging between 80-90 questions for a simple topic and up to 300 questions for a multi-topic questionnaire. You complete those questions and provide evidence at each stage of the process.
After our review of your answers and a review of the documents presented, we will schedule an interview to clarify any outstanding matters. Speeki will then issue a Speeki Sustainability Score™ and a report scorecard that details how you should address any shortcomings.
The scoring methodology for each Speeki Sustainability Score™
Each question asked in an assessment has a set of four different responses. There are four levels of judgement on your answer. Our responses are scored and consolidated into the final Speeki Sustainability Score™. Each of the answers is subject to a scoring mechanism, which, along with an interview and the review of all your submitted documents comes together to a final score and your Speeki Sustainability Score™.
What goes into our thought process to determine a
Speeki Sustainability Score™ ?
Your assessment will involve documents to be submitted as evidence of your answers.
4-5 hours of time to complete your assessment
Each submission is reviewed and all of the documents analysed in detail.
7-14 business days
Our interviews are at least an hour in length and will cover key topics in the area in which your Speeki Sustainability Score is being sought.
60 minutes where needed
What are we looking for?
Bribery and corruption
We are looking to see if the bribery risks in your company have been identified. We want to see that you have identified gross risk of bribery and have put in place controls to reduce that risk to a net risk that couples with your risk appetite. We want to see that you have buy-in from senior levels of the company and that you have a monitoring and measuring system in place to test your controls. We also want to see an improvement system and how you deal with allegations of bribery and conducting investigations.
Whistleblowing
When reviewing a whistleblowing system we want to see more than just you have a 'hotline' or an 'email address' that allows people to report things. The grant of a Speeki Sustainability Score™ in this area will be predicated on you having a whistleblowing system not just a policy and a basic channel for reporting. A mechanism where employees and others feel comfortable, encouraged, and protected when making reports through multiple channels. We will want to see a detailed structure on how you manage incidents and manage them according to set triage and investigative protocols.
Diversity, equity and inclusion
To achieve a Speeki Sustainability Score™, you will need to show that you have a comprehensive system in place to manage diversity, equity, and inclusion. We expect to see the systems you have around each of these areas and evidence that you have top management support for these initiatives. We will need to see evidence of your activities, focus, current objectives and your actions against those objectives.
Human rights and modern-day slavery
This area is fundamentally important to business. To obtain any Speeki Sustainability Score™ you will need to show a programme, which is substantially more than a 'policy' and a summary on your website. You will need to show active involvement in ending human rights abuses and modern-day slavery in your own company and your value chain. This includes the steps you have taken to proactively manage risks and validate compliance.
Compliance
A Speeki Sustainability Score™ can be given for compliance only when you demonstrate you have a system to manage compliance risks. You will need to be able to articulate and prove how you have identified a framework that is applied to 'compliance' across your company and that the framework has been embedded into the company. The focus is seeing that you have a system of 'compliance' no matter what the underlying topic or area that you are seeking to comply with.
Supply chain and partner management
Having an ethical, compliant, and responsible value chain is a key element of this assessment. To obtain a Speeki Sustainability Score™ in this area, you will need to show more than just a policy and a questionnaire sent out to new suppliers. You will need to show a comprehensive system of managing risk in your value chain partners and show how you manage that risk effectively.
Health and safety
A lack of consideration for health and safety can increase absenteeism and negligence claims, affecting workplace productivity and morale. To gain a Speeki Sustainability Score™ in this area you will need to show a safety management system for your workplace. We need to see (and, you need to prove) that the system is adequate, suitable, and effective for your company. You will need to show us that the system you have designed is working, is regularly assessed and reviewed and that you have a system of improvement working to constantly assess and reduce risk.
Data privacy and information security
The protection and access of an individual’s private data is growing in importance as new international laws come into effect. Gaining a Speeki Sustainability Score™ will only be granted when we see that you have identified all the areas where you manage PII and that you have a system of consents and usage that meets legal obligations. For information security, we expect to see the detail of the controls you have implemented and the fact that these controls have been regularly tested.
Documents are an essential part of your assessment. We will be reviewing them very closely along the following principles. Learn how we review your documents provided as part of your submissions.
We will validate that the documents are relevant to the actual question. We will see if the document has been provided in error or without a full understanding of what is required.
Our team will focus on whether the document actually does what it purports to do. If it is a policy, we will check whether it achieves its intended purpose and whether the content of the policy 'works'.
Employing external experts allows a company to focus its internal resources on core activities. We can focus on the qualification of ESG and sustainability issues.
Adequacy is a test of whether the document submitted meets the basic requirements. We look at whether the document meets a minimum expectation expected by standard practices.
Suitability is a 'fit for purpose' test where we look at whether the document (which is adequate) meets the needs of the company given its location, scope, activity and risk tolerance.
A document may be adequate, and it may even be suitable but not effective. We look at each document within the context of your other answers to validate effectiveness.
We are looking to see that the document is 'alive' and being improved. We look at the naming, numbering, and changes over time to see that it is constantly evolving and addressing changing needs.
Our methodology around providing a
Speeki Sustainability Score™ sets us apart from other rating systems.
We are experts in our domains and know what it takes to build programmes. We apply that knowledge to all submissions and assessments. We provide as much useful support as possible.
Scorecards are provided for each of the different ESG initiatives and a combined model for those that prefer a wider gambit of topics.
We focus on more than just a cursory glance at responses. We study and critique your submissions with a view to helping you improve your scores over time.
Documents submitted are reviewed across several major competencies not just 'do they exist' like many of our competitors.
We are generally focused on helping you manage your risks and opportunities in the ESG and sustainability areas.
We apply independence rules to our engagements. We do not provide a Speeki Sustainability Score™ to any programme for which Speeki or one of our consultants has provided support or guidance.
We conduct our review of your assessments and issue a Speeki Sustainability Score™ quickly.
What makes Speeki Sustainability Score™ different from a survey system with tick boxes?
We think that a Speeki Sustainability Score™ makes sense for a company to see how they are doing and take steps to improve their ESG.
A questionnaire that asks questions of a supplier is:
- normally one way and gives no response to the supplier
- does not provide any feedback or direction to the supplier
- is rarely looked at in any detail by the supplier qualification department
- is rarely critically assessed by experts in ESG topic areas
- often lacks questions that are relevant and useful according to known risk areas
- asks too many questions on areas that are not relevant to that particular supplier
Using Speeki Path™ to assess the areas of risk in your supplier and then recommend the Speeki Sustainability Score™ assessments to be completed supports a practical and appropriate way to manage risk in your supply chain.
How the Speeki Sustainability Score™ works for supplier qualification on ESG and sustainability issues.
Speeki Sustainability Score™ is designed to give you support and direction from experts.
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