12/02/2024 | Press release | Distributed by Public on 12/02/2024 15:15
In 2018, Altair launched a comprehensive assessment to truly assess our supply chain strength and understand the risk level of our supplier network. The annual risk assessment process is managed through CENTRL, an industry-leading compliance management technology. Each preferred partner must answer 164 questions, split into 20 categories. Our questions cover:
Altair is proud to share that 97% of our supplier partner network is rated low- to medium-risk. Further, in 2023 we added an ESG section to the assessment. The most recent survey showed that 77% of our supplier network has fully implemented and 23% have partially implemented ESG initiatives and reporting into their business processes - we're proud to say that not a single partner surveyed has yet to begin this work.