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Environmental, Social and Governance (ESG) Third-Party Risk Management (TPRM) involves the thorough assessment and monitoring of external business partners to ensure that these partners meet all ethical and sustainable practices. This addresses the risk potential associated with environmental impact, social responsibility, and meeting governance standards as found in the client's corporate policy commitment.
P3 iTracker identifies all sub-processors and suppliers in a client process and ensures these third-party sub-contractors digitally acknowledge the originating client's corporate ESG policies. This digital validation offers legal protection from litigation and maintains a professional reputation upholding corporate and shareholder values.
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