Supplier Diversity Working Group

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A collaborative approach to building a comprehensive, diverse vendor ecosystem

Many financial institutions face procurement barriers with the ability to utilize diverse suppliers due to compliance and regulatory requirements of the sector. To help you navigate this complex and evolving aspect of vendor management, S&P Global Know Your Third Party (KY3P®) in partnership with RiskGauge invite you to join their Supplier Diversity Group and global network.

Our solution is an industry led, S&P Global supported effort to increase a population of enterprise and cyber-ready, financially viable diverse suppliers. The S&P Global KY3P comprehensive global database and resources can effectively eliminate scale barriers for small and diverse businesses. We aim to provide diverse owned businesses with direct access to customer networks as well as the resources required to be contract ready.

Empower your diverse Supply Chain

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Suppliers: See how you can benefit from being involved

S&P Global: Leaders in Supplier Diversity

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What is the Supplier Diversity Working Group?

A collaborative network of companies across industries dedicated to advancing their supplier diversity programs empowering diverse suppliers to strengthen their cybersecurity and financial risk management with the support of S&P Global risk solutions.

S&P Global KY3P

Comprehensive global coverage across global markets and in-depth risk intelligence provide expansive insight into business risk, opportunity, and impact as we work towards a comprehensively risk-adverse future.

RiskGauge

A holistic credit risk score comprising elements of a company’s financial statement fundamentals, equity market signals, and calibrated to both defaults and ratings.

Diverse Supplier Working Group

Access to and participation in a dedicated group of industry leaders committed to unprecedented cyber-readiness of all diverse suppliers, while removing many barriers that small businesses often face.

Objectives of the Program:

Assess: Sponsor access to the KY3P Assessment to provide a current state view of their cyber-readiness and broader exposure to the financial services sector.

Advise: Partner to develop a remediation roadmap to help the businesses most effectively deploy their resources and uplift their control environment to meet industry best practices.

Fund: Provide access to capital via the Diverse Supplier Grant Initiative, a fund administered by Local Initiatives Fund Corporation, a Community Development Financial Institution.

Why become a member?

Increase Operational Efficiency

Seamlessly access a group of cyber-ready and financially viable diverse suppliers, validated by the Know Your Third Party (KY3P) Assessment.

Expand Your Network

Socialize with other Key Market Players interested in the empowerment of Diversity, Equity & Inclusion.

Easy to Consume Information

Integrate your existing supply chain management tools seamlessly with incoming diverse suppliers.

Improve Diverse Supplier Relationships

Provide your existing diverse suppliers with a suite of risk mitigation tools and services to facilitate a more collaborative partnership.

Ready to learn more about our Supplier Diversity community?

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The KY3P^® methodology covers 27 diversified control domains, giving you a comprehensive view of your third party’s control environment.

We have meticulously crafted our KY3P^® methodology to align with regulatory requirements and industry standards, ensuring that third parties adhere to global risk management best practices in crucial control domains. These domains encompass cloud computing, global data protection, and privacy requirements. By evaluating third-party compliance with these standards, we offer comprehensive insights and enable organizations to navigate the intricacies of regulatory landscapes confidently. Stay ahead of the curve by leveraging our KY3P^® methodology and ensuring your business operates within globally recognized risk management best practices.

KY3P^® methodology covers 27 diversified control domains - Comprehensive risk management across multiple areas, including data security, vendor management, and regulatory compliance.

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KY3P®

The industry standard for third-party risk management

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KY3P® ASSESSMENTS

Streamline Your Third Party Risk Management Program With Our Comprehensive Assessments

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RiskGauge™

Simplify credit risk analysis with S&P Global RiskGauge Reports for 50 million companies worldwide.

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S&P Global Supplier Diversity Program

S&P Global is committed to treating all suppliers ethically and with integrity. Through our efforts to broaden our supplier network, we hope to support, encourage and empower the aspirations of diverse groups.

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Our Third Party Assessment Approach

We strive to deliver a high-quality experience throughout the assessment lifecycle. Our third party success and assessment teams work to build collaborative relationships, complete with high-touch, full-service data collection and control validation processes that maintain the integrity of third party proprietary data.

Are You a Third Party Looking to Learn More About Our Assessments?

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Supplier Diversity Working Group

A collaborative approach to building a comprehensive, diverse vendor ecosystem