Vizibl, a SaaS platform for supplier collaboration, has launched a new solution, Vizibl Sustainability, to help organisations align on sustainability goals, work together on projects and accelerate sustainability initiatives through closer supplier collaboration.
The new solution allows supplier collaboration governance at scale, effectively enabling organisations to align, engage and deliver on their sustainability programmes by collaborating more effectively with key suppliers throughout their global supply chain.
The solution aims to allow organisations identify key suppliers, align on sustainability goals and build closer relationships that achieve more for the business. It’s hoped organisations can identify and categorise key supplier partners, develop account plans, define programme objectives and ownership, and regularly review progress.
Mark Perera, founder and CEO for Vizibl says: “Right now, society and business have been forced into a very different modus operandi. The long-term consequences of COVID-19 are not clear as the readjustment continues, yet for supplier collaboration, the pandemic has clearly demonstrated the imperative for streamlining supplier ecosystems, challenging organisations to think differently about how they collaborate and how they must change direction at a moment’s notice.
“Likewise, it has put the spotlight on sustainability. Therefore, not only must supplier strategies now support wider business goals, but organisations must also demonstrate that they – and their supplier ecosystem – consider the Environmental, Social and Governance (ESG) impact on their operations and society as a whole, both now and in the future.”
Using Vizibl Workspace within the sustainability platform, organisations can engage and collaborate on ventures, communicate in real-time and drive their sustainability programmes forward. Users can set up projects with multiple suppliers, establish key deliverables and host regular check-ins.
Vizibl Reporting, another feature, allows businesses to track progress towards goals and discover opportunities that deliver supplier-led sustainability back to the business. They can also bring data into the Vizibl Reporting engine through its open API for more comprehensive supply chain insights - from one consolidated reporting interface.
Alongside its sustainability solution, Vizbl will be integrating with EcoVadis. Based on a methodology covering 21 sustainability criteria across four themes, EcoVadis ratings and scorecards will enable customers to benchmark and track supplier performance on environment, labour and human rights, ethics, and sustainable procurement. Additionally, organisations can qualify the right supplier collaborations, getting visibility into supply chain sustainability in order to deliver on their goals.
Since it was founded in 2007, EcoVadis has partnered procurement teams in more than 450 multinational organisations.
Pierre-François Thaler, co-founder and co-CEO for EcoVadis said: “Sustainability and ESG performance are quickly becoming the new benchmark for comparing organisations against their competitors. Innovation and resilience, fostered by sustainability, are how organisations and their supply chains will create value in a pandemic-ready, low-carbon future. We are delighted to be partnering with Vizibl on technology to help organisations more effectively transform sustainability performance into innovation and business value.”
