ESG Risk and Compliance Handled by the Cloud In an era where global sustainability is of paramount concern, the demand for comprehensive Environmental, Social, and Governance (ESG) risk and compliance solutions has surged. Fair Supply, a cloud-based ESG risk and compliance solution, stands at the forefront of this movement. With a commitment to aligning sustainability with business objectives, Fair Supply has undergone a remarkable transformation since its inception. This article delves into that journey, the challenges, and vision for the future. Fair Supply began as a data provider and consultancy, helping entities comply with Australia’s Modern Slavery Act 2018. Fair Supply launched in early 2019, as an incorporated legal practice. By July 2019 it had launched technology that provided customers with a footprint of modern slavery along their supply chain. However, in a few short years, as global demand for ESG solutions continues to soar, the company rapidly evolved into a comprehensive cloud-based ESG risk and compliance solution provider. This transformation is driven by the conviction that sustainability must be deeply integrated into business objectives to pave the way for a truly sustainable future. This is a conviction grounded in the expertise and experience of Fair Supply’s founders. Kimberly Randle is Fair Supply’s founder and Chief Executive Officer. She is an innovative and experienced human rights advocate who specialises in the niche area of modern slavery. She boasts over 15 years of experience in law and human rights, which has seen her working for top tier firms in Australia and the United States. As a much-respected expert and speaker in the field of human rights and modern slavery she has been called on to provide evidence into human trafficking for the NSW and Commonwealth Parliamentary Inquiries. Fair Supply’s Chief Technology Officer is Dr Arne Geschke. He is a leading expert in assessing large scale global environmentaleconomic supply-chain, and input-output analysis. He has been instrumental in developing the mathematical framework that dictates the global supply chain databases and underlies the business economic modelling of Fair Supply. He has over 10 years of experience working with in depth supply-chain assessment costing. His input into the ESG software developed by the company is absolutely integral. These decades of professional experience building unique and scalable global supply chain networks combined with world leading and deep subject matter expertise are foundational to Fair Supply’s magic. Requiring minimal business data, expertise or upfront work required, Fair Supply empowers organisations to strategically map, measure, and act with insight across their operations and supply chain to improve sustainability performance. Organisations can then easily report on progress in line with emerging standards, all within one intuitive platform. This enables businesses of any size to be accountable for their sustainability impact throughout their entire supply chain without the need for deep expertise or big budgets. “Fair Supply simplifies ESG compliance and risk management and compliance by using business data combined with supply chain mapping technology to reduce the time, cost, and effort associated with ESG risk management.” Like any innovative company, Fair Supply has faced its share of challenges. Over the past year, the company has been focused on the delicate balance of serving existing customers while simultaneously investing in product development. A successful Series A capital raise injected substantial resources into the company, fuelling its ongoing mission to optimize its products to meet the evolving needs of its customer base. For those aspiring to make a mark in the sustainability sector, Fair Supply’s founder has some valuable advice. Aligning sustainability with business objectives is not a simple task, but it’s a critical one. Resilience and unwavering belief in the possibility of positive change are essential. Entrepreneurs in this space should steward and deploy their belief to drive impactful change. As the pressure on organizations to report on ESG issues continues to intensify, Fair Supply is committed to equipping its customers to confidently navigate this fast-evolving landscape. The company envisions itself as an essential partner for businesses worldwide as they strive to be accountable for their sustainable impact. Company culture plays a pivotal role in Fair Supply’s success. The team’s relentless focus on customer success fosters a cohesive, innovative, and responsible culture. CEO Kimberly Randle is a firm believer in the adage that ‘everyone leads, everywhere, all the time.’ This practise is vital to creating a culture of innovation and responsibility amongst employees. Fair Supply is convinced that ESG risk and compliance will be something that is BAU (business as usual) for companies everywhere very soon. It is likely that businesses of any size will soon be expected to transparently own accountability for any impact on sustainability that occurs throughout the entire supply chain. Fair Supply is already well on the way to enabling this, and can celebrate its fantastic award title as the Most Innovative ESG Data Consultancy 2023 - New South Wales. Contact Details Company: Fair Supply Analytics Pty Ltd Web Address: fairsupply.com.au Contact Name: Kimberly Randle Fair Supply is a cloud-based ESG risk and compliance solutions provider based in Sydney, NSW, Australia. As the winner of the title Most Innovative ESG Data Consultancy 2023 - New South Wales, in the Corporate Excellence Awards, we decided the time was ripe to take a closer look at this company, and find out more about how it operates.
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