Services – Risk Identification
Due Diligence
Other Risk Identification Services
Due diligence
TDi can provide data-driven, tailored enhanced due diligence services for your business, that align with your core policies, procedures and commercial business models.
- Due diligence strategy
- Supply chain due diligence
- Near real-time risk monitoring
Spot Market Due Diligence
Spot-market procurement differs fundamentally from long-term sourcing models and therefore require a distinct approach. In these transactions, the buyer typically procures already-produced material held by a trader, outside stable contractual arrangements with mining companies, processors or manufacturers. Conventional due diligence tools used in long-term sourcing models, such as supplier questionnaires, on-site assessments, audits or corrective action plans are often not applicable in this context. Although spot-market transactions present structural constraints, the EU Batteries Regulation still requires economic operators to apply risk-based due diligence.
TDi has developed a structured, practical and defensible decision methodology that enables the buyer to demonstrate adequate due diligence under conditions of:
- Limited leverage
- Incomplete information
- Time-sensitive purchasing conditions
- Transaction-level rather than relationship-level engagement
The underlying premise of this methodology is that compliance in spot-market settings must rely on proportionate measures and documented reasoning, rather than on full upstream verification.
Get in touch to find out how we can support your business with its spot market due diligence requirements.
Due Diligence Made Simple with TDi Digital
The Supply Chain and Due Diligence Tool
- Understand the ESG and supply risks associated with your mineral value chains
- Score your suppliers for inherent and residual risk, depending on how structural risks have been mitigated (i.e. through third-party certification)
- Determine when to conduct enhanced due diligence (i.e. on-site audit, desktop research, supplier questionnaire) depending on pre-defined risk thresholds.
- Assess the ESG and due diligence performance of your suppliers and counterparts through audits, and monitor continuous improvement through corrective action plans
- View your supply chain linkages and suppliers’ location, either as a geographic map or in flow-chart format
- Rate your supply chain visibility level, based on the accuracy and completeness of sourcing information available
The Standards and Regulations Tool
- Quickly identify and compare the responsible sourcing regulations and standards applicable to your business
- Put in your own ESG safeguards to see which standards apply and compare your own supplier code of conduct against those of other suppliers
- Use the data generated to gather information from your suppliers and screen their management systems and controls
- Report performance against compliance with ESG requirements and demonstrate mitigation of ESG risks
Due diligence
Case Studies
Human Rights Impact Assessment in Nicaragua
Latest Insights
Progress on your journey to sustainability. We can make sure your organisation and your supply chain stand up to scrutiny, today and in the future
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