Ivalua announced the launch of its Environmental Impact Center (EIC), a solution that promises to enable organizations to measure and reduce their value chain (or Scope 3) 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, per Ivalua.
Through Ivalua’s EIC, emissions data can be imported from recognized third-party emissions data sources or directly from suppliers; the data is then combined with other information such as environmental risk scores, policies, published targets, or certifications. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations. As products are purchased within an organization, category managers can precisely track the year-to-date carbon emission trajectory for their purchases.
“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.”
“In contrast to other solutions, the EIC will allow procurement to build baseline estimates for products and categories where verifiable supplier data does not exist”, said Pascal Bensoussan, chief product officer at Ivalua. “They can use these models to focus on high-emitting categories and products. They can then collaborate with suppliers to verify actual product emissions, define improvement plans to reduce emissions, and, ultimately, accurately track and report progress. EIC will aid our customers in establishing a more sustainable supply chain to reduce both greenwashing and green-guessing.”
