S&P Global Market Intelligence Launches Supplier Risk Indicator to Enhance Risk Management
S&P Global Market Intelligence has unveiled its latest solution, Supplier Risk Indicator™, which offers a comprehensive view of supplier risk across various dimensions. The new offering combines S&P Global Market Intelligence’s credit and location risk data, S&P Global ESG scores, and cybersecurity data from SecurityScorecard. This integrated approach provides companies and financial institutions with a single risk indicator, enabling them to assess supplier risk more effectively.
The Supplier Risk Indicator model evaluates three key risk dimensions: resilience, conduct, and information security. By assigning a numeric value on a scale of 0 to 100, the solution provides a clear assessment of supplier risk, with 0 indicating very high risk and 100 representing very low risk. The values are benchmarked against industry peers and the industry median. Additionally, users have the flexibility to create custom supplier risk models tailored to their specific business requirements.
John Barneson, Head of Network and Regulatory Solutions at S&P Global Market Intelligence, emphasized the importance of this solution in supporting entity due diligence requirements. He stated, “Supplier Risk Indicator, and the recently launched Entity Insights, further illustrate the commitment S&P Global Market Intelligence has to creating flexible, integrated platforms to meet the needs of our clients.”
Whit McGraw, Head of Credit and Risk Solutions at S&P Global Market Intelligence, highlighted the growing complexity of risk management and the need for a holistic approach. He explained, “Supplier Risk Indicator enables users to more effectively evaluate their supplier risk and manage their exposures to make informed procurement decisions more efficiently.”
The collaboration with SecurityScorecard brings third-party risk and security assessments into the equation, allowing organizations to operationalize supply chain risk management at scale. Dr. Aleksandr Yampolskiy, CEO and Co-Founder of SecurityScorecard, emphasized the significance of measuring and managing supply chain risk, particularly in light of the increasing number of data breaches caused by third-party relationships.
The launch of Supplier Risk Indicator reinforces S&P Global Market Intelligence’s commitment to providing accurate and insightful information to its customers. By integrating multiple dimensions of supplier risk, the solution empowers businesses to navigate the complex landscape of risk management and make informed decisions.
To learn more about Supplier Risk Indicator and sign up for a free trial, visit the official website. S&P Global Market Intelligence continues to deliver unrivaled insights and data solutions, partnering with customers to expand their perspective and operate with confidence in today’s global markets.
About S&P Global Market Intelligence:
S&P Global Market Intelligence, a division of S&P Global, is a leading provider of credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. With a focus on delivering accurate and deep insights, S&P Global Market Intelligence helps organizations plan for tomorrow by navigating the economic landscape today.
About S&P Global Sustainable1:
S&P Global Sustainable1 is the central source for sustainability intelligence from S&P Global. It offers ESG products, insights, and solutions to meet the unique needs of customers. With comprehensive coverage across global markets and in-depth ESG intelligence, S&P Global Sustainable1 provides clarity and confidence to successfully transition to a sustainable future.
Media Contact:
Katherine Smith
S&P Global Market Intelligence
+1 781-301-9311
katherine.smith@spglobal.com