Why Synesgy
Synesgy is a global ESG digital platform developed by CRIF that helps companies improve their transition toward sustainability. Its mission is to collect and aggregate data from across the globe to deliver harmonized, comparable, and predictive insights that add value to clients’ business processes.
The Synesgy network brings together partners specializing in economic and business information on companies worldwide.
What Does Synesgy Provide?
The Synesgy score model developed by CRIF Ratings - the authorized credit rating agency - allows an easy visualization of the score obtained in the 5 macro sections of the questionnaire (Business, Environment, Social, Governance, and Sector).
For companies that want to assess their supply chain, Synesgy provides ESG performance dashboards where companies can view and analyze the scores obtained by their suppliers in different areas.
The duration of the Synesgy certificate is 12 months, after this period or, if necessary, a new assessment should be made. The file can be uploaded and used on one's own websites and social media platforms.
In addition, along with the certificate, the Synesgy Report is issued, which provides the complete analysis of the individual Environmental, Social, Governance, and related sections of the industry sector to which it belongs that contribute to compose the ESG score and relative ranking.
Based on the obtained ESG score in the Synesgy Report, an Action Plan will be created containing the analysis of areas for improvement and actions to be taken, ranked according to their priority.
Within the ESG Action Plan, clear goals and actionable insights will help increase the ESG score, enhancing your company's ESG performance.
How Does Synesgy Work?
Questionnaire
ESG Framework
Core Questions
Industry Specific Questions
CRIF Rating Agency
Quality checks
Local regulation
Local business information
Legal and privacy validation
Data Quality by Analyst’s Team
Support &
Consultancy
Customer support
for suppliers
Customer Support for
Head of Supply Chain
FAQ
Helpline
Assessment
Score
Certificate
Dashboard
Questionnaire
A key tool for Synesgy's success is the dedicated questionnaires, which are based on timely and rigorous references of global ESG market regulations such as UNGC, GRI, UN 17 SDGs, EBA LOM, and EU Taxonomy for Sustainable Activities.
Overall, the questionnaires are based on a two-tiered approach. Initially, a core version with questions referring to the Global Reporting Initiative (GRI) and focusing on the Business side and the Environment, Social, Governance principles.
Second, based on the sector to which the company belongs, an industry-specific section is provided. In addition, the Synesgy questionnaire is certified by the CRIF Rating Agency (CRA). The ESG Assessment’s methodology follows generally accepted international sustainability standards such as the Global Reporting Initiative (GRI) and the Sustainable Development Goals (SDGs)
Quality checks
To ensure the quality of data and responses, both automatic and manual checks are implemented.
The platform is set up on an Alert system that, based on the CRIF information assets, performs an automatic check on the appropriateness and consistency of what is reported in the questionnaire.
If the Alert system detects inconsistencies, the compiler is asked for supporting documentation to confirm the answers in the questionnaire.
Inconsistencies are handled by a team of experienced analysts who check the documentation and, if necessary, contact the compiler directly.
Support and consultancy
To ensure ongoing support, Synesgy provides customer care and consultancy, for each country in which it has a presence. Customer care is geared toward working with the client at every stage of the process from understanding the ESG principles, to filling out the questionnaire to obtaining the certificate.
Assessment and development plan
Synesgy final assessment provides the respondent with a score and certificate that can be downloaded directly from the platform in order to obtain an assessment of sustainability, accountability, and transparency. ESG performance is assessed through an overall score, broken down into all five macro-sections that make up the questionnaire. The company then has at its disposal the Synesgy action plan, which highlights the areas to be developed to increase its level of sustainability.