Bekaert first European company to deploy Altares Dun & Bradstreet ESG solution
As a global market and technology leader in the materials science of steel wire transformation and coating technologies, Bekaerts’ ambition is to be a leading partner in shaping the way we live and move, always in a safe, smart and sustainable way. Bekaert also applies its expertise beyond steel to develop new solutions with innovative materials and services for various markets, such as new mobility, low-carbon construction and green energy.
Bekaert
1880
active since
27.000
employees
75
production locations
As a company with a global scope, we believe that it is essential to have a stable solution to rank our suppliers based on worldwide, reliable data. Our existing technology landscape is complemented by Altares Dun & Bradstreet’s ESG solution, which enables us to set a risk indicator for each supplier and is worth gold for Bekaert.”
1. The Challenge
Gain critical insight into our broader supply chain
Bekaert attaches great importance to sustainability. The group was already well on its way to making the entire supply chain more sustainable, but still lacked a comprehensive overview of its whole supplier base. To get a clear picture of the risk ranking in which Bekaert's suppliers fall, the technology leader now uses the ESG solution from Altares Dun & Bradstreet.
“To meet ever-changing regulations, our customers' expectations and our own ESG goals, we at Bekaert felt the need to not only improve the performance of our suppliers, but also gain critical insight into our broader supply chain,” explains Matthew Spencer.
“While our suppliers already sign our Code of Conduct and we screen them intensively to identify any sanctions, bribery and corruption measures against them, there was still one crucial question: how can we know with certainty that they are delivering on their promises across the full scope of ESG factors?”
“We were looking for a solution that would allow us to move from data on several hundred suppliers, to visibility across 15,000 suppliers and ultimately across the entire supply chain of tens of thousands of companies.
In addition, we wanted to cover a broad spectrum of ESG topics. The methodology used to select these topics was essential. We were also looking for a flexible platform that we could easily integrate into our current systems.
Finally, it was important for us to partner with a world-leading company with the potential to keep growing. We eventually ended up selecting the ESG solution from Altares Dun & Bradstreet.”
2 The solution
A clear ESG Ranking Analysis
Altares Dun & Bradstreet’s ESG Ranking Analysis provides a complete at-a-glance overview of third-party ESG risks, such as suppliers, customers or partners, broken down by theme and compared to industry averages. This solution ensures that, as a company, you are doing business with organisations which have good environmental, social and governance scores, helping you avoid costly risks and increase profits. Bekaert is the first European customer for Altares Dun & Bradstreet to work with the ESG solution.
Matthew: “The total ESG risk score is the main feature for us in Altares Dun & Bradstreet's ESG solution. Thanks to their ESG Ranking Analysis, we can rely on a single, clear figure to use as an indicator to prioritise the suppliers that require further actions. In addition, the system also specifies why the supplier in question scores high or low. This allows us to explain why they achieve a certain score during evaluation meetings with our suppliers.”
“Once we know the ESG risk of a supplier, we combine this data with our own internal data. As a result, we know exactly which impact a particular supplier has on Bekaert. Altares Dun & Bradstreet’s ESG solution is actually the starting point of our entire supplier due diligence programme.”
2015
5
2023
3. The result
Strengthened by the ESG solution
“Our current technology landscape is strengthened by Altares Dun & Bradstreet’s ESG solution, allowing us to set a risk indicator for each supplier. This provides valuable insights for Bekaert."
“We are also very satisfied with the way the collaboration is going. Altares Dun & Bradstreet holds a leading position worldwide in business data analysis and has huge potential to position itself even more strongly in the coming years.”
What other customers say
"Data is the backbone of our business. In essence, we cannot function without reliable and up-to-date data."
“Before engaging with a company, we always conduct a thorough analysis and request various supporting documents for identification and verification.”
"As a company with an international focus, it is important for us to have a stable solution available based on global data."
'Every new customer we want to check. It sleeps much better for everyone if you know that companies you are owed money from can actually pay it.'
"To make sure we are sourcing good, reliable dealers everywhere, we need the expertise of Altares Dun & Bradstreet"
"We can now act proactively when it comes to credit risk"
"We had another business information provider, but in testing we found that with their data we were only covering 45 percent of our customers"
"Doing business based on current, complete and accurate data"
"Only by automating can we make substantial gains"
"Improved customer insight and optimal service"
"'For Barco, it is important to support your strategy and decisions with market data"
"Altares Dun & Bradstreet's Marketing Insight solutions have provided ten times higher conversion from 'suspects' to 'prospects' in the Benelux"
