Let’s build a more sustainable supply chain

Find out how

Eliminating paper from your supply chain is a big step towards achieving your ESG goals

Switching from paper to e-invoicing not only saves you time and money, it also
reduces your carbon footprint dramatically. 

Find out more about responsible sourcing

Transparency

Transparency refers to knowledge about participants in your supply chain and their active role in the value chain. A basic start is knowing the metadata of the vendors you do business with, and another element of transparency is knowing what type of impact they have. Providing finance and early payments to suppliers requires in-depth knowledge of sellers—hence the need for transparency.

Footprint

Supply chain footprint refers to the environmental footprint that an enterprise leaves behind. A typical one is greenhouse gas emissions, others include environmental hazards like deforestation. Within ESG reporting (environmental, social, and governance) this metric delivers information on the “E” or “environmental” part of the larger ESG metric. 

Scope 3 emissions can be calculated based on the invoices and purchase orders from any given commerce relationship. Choose to set up invoices, to hold emission statements, to create visibility on how the environmental impacts in your supply chain act out per supplier, and per invoice. This type of data can pave the way for access to green financing.

Integrity

Supply chain integrity is all about getting insights into your suppliers behavior—primarily forced, or child labor. It is an essential part of the “S” and “G” in the ESG metric, delivering information on company social and governance performance. As a more soft metric and one that it is often hidden from buyers, it can be hard to measure directly. However, via the Tradeshift platform, we are able to provide your company with guidance on where and when to deploy extra caution and due diligence.

Traceability

Covers the ability to display data for tracing and tracking of products both upstream towards the manufacturer, and downstream towards the end-user. Traceability data is a core prerequisite when delivering information on product provenance or authenticity—the ability to trace products backwards from consumer to producer, and to tap into recorded transparency data and event data when necessary, is key when delivering insights for proving that the product is safe.

It’s never been more critical—or achievable—to build sustainable supply chains

ESG and CSR goals have moved front and center on corporate agendas as the effects of climate change become more apparent. But building sustainability into supply chains isn’t just about doing what’s right for the environment, it’s also smart business: According to Forrester’s Priorities Survey, 2022, two-thirds of B2B business and technology professionals identified “improving our environmental sustainability” as a high or critical business priority for their organization in the next 12 months.” And why shouldn’t they? Sustainable practices reduce costs and resources and increase the efficiency of buildings, vehicles and machinery.

Find out more

ESG/CSR goals + Digital transformation—
a match made for a more sustainable future 

3https://opportune.com/insights/article/top-3-reasons-why-digital-transformation-is-key-to-the-e-in-esg/

4https://www.citibank.com/tts/insights/articles/article219.html

Join the future of supply chains

Request a demo