Celonis and EcoVadis Facilitate Sustainable Purchasing Processes

Published on:
by KnowESG

Celonis, the world leader in execution management, and EcoVadis, the most trusted supplier sustainability ratings platform in the world, have announced a partnership to make the way businesses buy things more environmentally friendly. Celonis will integrate EcoVadis sustainability ratings data into the Celonis Execution Management System (EMS).

This commitment from Celonis and EcoVadis is part of Celonis's plan to help every company reduce its carbon footprint and work sustainably by getting rid of inefficient processes. Celonis's strategy is based on making sure that all of its customers and partners use sustainable practices in their day-to-day work.

Emily Rakowski, Chief Marketing Officer at EcoVadis, said:

"One of the hardest parts of making a sustainable procurement programme work is integrating sustainability criteria into the buying process. With Celonis, we can bring sustainability ratings to the most actionable decision points while powering a rich set of automation in the procurement workflow, creating a triple win of driving efficiencies, risk reduction and positive impact.”

Janina Bauer, Global Director of Sustainability at Celonis, said:

"This partnership is a unique mix of data-driven insights and technology that gives businesses a new way to make their supply chains more sustainable. It gives companies new tools for measuring sustainability performance, improving business process efficiency, and ensuring accountability and transparency across the supply chain.”

The EcoVadis ratings platform and the Celonis Execution Management System will work together so that businesses can manage and measure the sustainability performance of their suppliers.

Companies may, therefore, readily examine how their suppliers rank in all critical areas of sustainability, such as environmental factors (carbon and environmental footprint), social and labour practices, and ethical parameters.

Through this partnership, customers will also be able to find opportunities and suggest more vendors from the portfolio.

For example, the Celonis EMS will identify suppliers who have previously provided the same material type and already have a high EcoVadis score to assist organisations in determining which supplier is most suited for a specific order in terms of sustainability. If a supplier hasn't been rated yet, the Celonis EMS can automatically sign them up.

Once a supplier is onboarded, they will have access to EcoVadis's platform, which will help them on their journey toward sustainability. They will receive a detailed scorecard that can be shared with multiple customers. This scorecard will show strengths and areas for improvement, track corrective actions, and give them e-learning tools to help them improve their sustainability performance.

High-performing employees may be eligible for recognition medals, which they can use to improve their company and employer brand, add value, and reinforce their engagement.

Source: Celonis

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