E2open Publishes Annual ESG Report
E2open Parent Holdings, Inc., the largest multi-enterprise network connected supply chain SaaS platform, released its 2022 Environmental, Social, and Governance (ESG) report, which demonstrates the company's commitment to unifying and optimising global supply chains through technology and collective actions that improve quality of life, enrich outcomes, and drive meaningful change.
E2open’s reporting process continues to evolve along with its approach to corporate responsibility, which includes new data, transparency, and supporting protocols. The report covers data and metrics for e2open’s 2022 fiscal year (FY22), March 1, 2021, through February 28, 2022, unless otherwise noted.
Michael Farlekas, chief executive officer at e2open, said:
"Since last year’s inaugural ESG report, supply chain disruptions have evolved, and to address new challenges we’ve integrated relevant ESG principles across our entire business operation. While the new report highlights e2open’s growth in environmental and social impact, it also outlines the pivotal role our multi-enterprise data plays in helping customers achieve ESG-related goals like reducing greenhouse gas (GHG) emissions, risk mitigation, and protection of human rights through global trade and supply chain compliance. There is always more work to be done, but we’re pleased with the progress we have made and the active role we play in supporting our clients’ ESG objectives.”
The company's four Ps highlighted in the ESG report include:
Planet: E2open promotes sustainability in all aspects of its operations by minimising its own activities and supply chain with a focus on renewables, carbon emissions reduction toward net zero, and waste reduction. This year, the company expanded GHG calculations for Scope 1 and Scope 2 emissions to include Scope 3 emissions calculations in various categories. Climate factors, as well as evaluation criteria for e2open offices and data centres, have been included in the company's ongoing risk management process.
People: Through targeted recruiting and retention initiatives, employee resource groups, training, and awareness activities, the company fosters a culture of diversity, equity, and inclusion. When it comes to suppliers, diversity is also significant. As part of the onboarding process in early 2022, e2open began asking suppliers about their diversity status, which includes women, Native Americans, veterans, LGBTQ+, and minority-owned firms, as well as disadvantaged business enterprises. Internal activities in FY22 include the introduction of e2WIN (Women's Inclusion Network) to create a more equal and inclusive workplace and continuous support for local communities worldwide. In India, e2open contributes 2% of its net profits to local charities, which help people with disabilities, support education, and provide food and water to those in need.
Policy: E2open holds itself and its suppliers, partners, and vendors to the highest integrity standards. Depending on the risk, the company conducts supplier/vendor attestation annually or biannually to verify compliance with reliable records, anti-corruption and ethical procedures, data protection, conflicts of interest, human rights and fair labour practises, and other criteria. The company's ethical management begins with its board of directors and extends throughout its whole network via data and information security, customer privacy, and risk management. Product quality is also vital to good governance, and e2open clients enjoyed an average uptime of 99.96% in FY22, often exceeding contracted uptime requirements.
Platform: E2open’s platform is already helping clients in four key areas: transportation, manufacturing, inventory and fulfilment, and partner networks. These clients, who chose e2open based on cost and service drivers, are also achieving ESG benefits. Optimisation in each of these areas translates to not just cost savings but also reduced waste and emissions and the conservation of natural resources. To act under legislation like the Uyghur Forced Labour Prevention Act and other global labour bans, its platform also helps customers not only stay compliant but be an advocate for human rights in the supply chain. Additionally, e2open ensures that customer data and infrastructure remain protected and secure. E2open is committed to ongoing platform enhancements that help reduce the impacts of the supply chain.