Ivalua's Latest Innovation Helps Reduce the Environmental Impact of Supply Chains
Ivalua, a global leader in Cloud Spend Management Solutions, announced the launch of its Environmental Impact Center (EIC), a solution that enables organizations to measure and reduce their value chain emissions. By integrating the EIC's functionalities in their procurement practices, organizations can dramatically accelerate sustainability agendas with reliable emissions data for all the direct and indirect products and services they acquire, and establish transparent reporting standards. With regulatory requirements, sanctions regimes, and public scrutiny on the rise, sustainability is a top priority for every organization globally. Any efforts to impact emissions and reach net zero targets must involve the reduction of Scope 3 emissions, which constitute over 75% of total emissions at most organizations. This puts the Procurement function in a central role towards establishing a transparent emissions baseline using reliable data and collaborating with suppliers on carbon savings plans to meet reduction targets and for reporting and risk assessment. "Procurement and supply chain teams play a crucial role in reducing scope 3 emissions and contributing to corporate objectives around supply chain sustainability", said David Khuat-Duy, Founder and CEO. "By combining relevant and reliable data with supplier collaboration capabilities, Ivalua will enable customers to make meaningful progress on their sustainability journeys."