2023 ProcureTech100 - Sustainable Procurement
ESG. Sustainability. Traceability. Carbon accounting.
The sustainability category is receiving a high volume of investment capital, as Procurement continues to experience a rapid upsurge in both new and more advanced sustainable technologies.
However, although headcount continues to grow at pace, but investment has slowed in 2023. This is likely due to the mass injection of cash that this category has seen over the past two years, coupled with a drop in demand. This concerning shift has made it clear that solutions will need to move forward on a prove-it model.
To create clear segmentation amongst solution capabilities, the following pillars are used: supply chain traceability and provenance; emissions tracking and offsetting; enterprise sustainability management; assessments, audits and reports; and supply chain transparency.
In general, corporates struggle with refining issues outside of the above spheres. This, alongside the financial and macro-economic pressures that have characterised 2023, has resulted in a slower adoption of sustainable solutions. This slow pace is particularly evident in regions of the world where sustainability is generally perceived as less important.
The most highly prioritised categories remain to be emissions tracking and offsetting, and assessments and audits. This is due to consistently high global demand, and the low adoption risk that they present. For those commoditised industries where raw material sources are being called into question, there has been a marked uptake in demand for traceability. However, for the time being, this remains to be largely industry-specific.
Those solutions that successfully integrate with the risk and governance process (and the associated tools) are finding the most success. To this aim, the action-orientated capability of risk management solutions has coupled nicely with suppliers’ ESG data points.
“Slowing corporate CAPEX spending and legislation implementation will require sustainability solutions to find creative partnerships for cross-selling opportunities, particularly where business cases are more qualitative. Find those opportunistic solutions where the most ‘juice’ can be squeezed across your tech stack.” Mackenzie Grant, Senior Manager, ProcureTech
Founded: 2016
Company HQ: Netherlands
Delivering unmatched traceability and secure data exchange in complex supply chains
Circularise is a blockchain-based traceability software, including mass balance record-keeping for plastics and fuels, and digital product passports for the battery and automotive sectors, simplifying data collection and reporting. With Circularise, users can easily consolidate necessary reporting data, enabling public verification and selective sharing, in line with regulatory demands.
Founded: 2023
Company HQ: France
Helping businesses thrive in their net zero journey
CO2 AI is the leading Sustainability-as-a-Service enterprise platform. Together with the world's largest enterprises, CO2 AI is on a mission to revolutionise the response to one of the most critical problems of our time – climate change.
Its diverse team consists of passionate sustainability experts, data scientists, and seasoned tech veterans. Fueled by its BCG DNA and deep field expertise, CO2 AI pioneers advanced software solutions that empower organisations to accelerate their transition towards net zero.
Using CO2 AI, Procurement teams can measure, track, report and reduce their environmental footprint at scale, across their entire supply chain.
Founded: 2021
Company HQ: Germany
The engine that powers sustainable organisations
Daato is a holistic ESG management platform for enterprises of all sizes. It is committed to making enterprise ESG management operationally efficient, legislatively compliant and strategically insightful, without compromising the data sovereignty of any organisation involved in the information exchange.
It partners with organisations to absorb their operational complexities and allow them to concentrate on the strategic aspects of ESG.
Daato is an ISO/IEC 27001:2013 certified organisation. Its privacy-first software architecture allows organisations to have complete ownership of their ESG information, facilitating stress-free information exchange without exposing any competitive information. Its solutions provide seamless collaboration between all the stakeholders involved in generating compliant ESG reporting, and it supports all the standard ESG legislative frameworks within the EU and beyond.
Founded: 2007
Company HQ: France
Business sustainability ratings
EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis to comply with ESG regulations, reduce scope 3 emissions, and monitor and improve the sustainability performance of their own business, and of their value chain. Its expert intelligence, evidence-based ratings, benchmarks, actionable scorecards, and E-learning platform guide an improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries. Industry leaders such as Johnson & Johnson, L’Oréal, Unilever, LVMH, Bridgestone, BASF and JPMorgan are among the 125,000 businesses that collaborate with EcoVadis to drive resilience, sustainable growth and positive impact worldwide. Learn more on ecovadis.com, Twitter or LinkedIn.
Founded: 2016
Company HQ: Germany
Supply chain sustainability
IntegrityNext is a leading solution for supply chain sustainability management and ESG compliance. The cloud-based platform helps companies adhere to regulatory due diligence requirements, meet decarbonisation targets, and report in line with internationally recognised disclosure standards, such as the GRI and ESRS. In doing so, IntegrityNext supports its clients in identifying relevant ESG risks along the value chain, and improving their sustainability performance.
Founded: 2018
Company HQ: Germany
Pioneering product lifecycle intelligence software
Makersite conducts fully automated lifecycle analysis. It helps manufacturers to make better use of their product, procurement and supply chain data, combining it with data from its own data foundation. This foundation consists of 140 material, process and supplier databases, creating highly accurate digital twins of products and supply chains, down to a granular level.
Makersite's native applications use algorithms to support analysis and decision-making based on multiple criteria simultaneously. These include should-costs, regulatory compliance, life cycle analysis, and supply chain risk. Its API-first architecture allows for easy integrations into existing IT infrastructures, thereby supporting systems and processes with richer, fresher, and more timely product data.
Founded: 2008
Company HQ: UK
Providing global corporations with the certainty they need to hit their Scope 3 emissions reduction targets.
Manufacture 2030 provides global corporations with the certainty they need to hit their Scope 3 emissions reduction targets, using its unique platform, to measure, manage and improve the performance of each individual site in their manufacturing supply chain.
Unlike other platforms, Manufacture 2030 gives users more than just visibility of their supply chain footprint. It lets users see whether individual supplier sites are keeping on track with their targets, where the gaps are, and how to help close them.
Then, each supplier site can use Manufacture 2030's database of 500+ detailed best practices and participate in its capacity building programmes to create tailored, targeted action plans. The cloud-based platform makes it cost-effective and straightforward for thousands of suppliers to collaborate with Procurement, to achieve Scope 3 targets.
Founded: 2013
Company HQ: USA
The world’s most widely adopted ESG data management solution for real estate.
Measurabl is the world’s most widely adopted ESG solution for real estate. Customers use Measurabl to measure, manage, report and act on ESG data on more than 15 billion square feet of commercial real estate, across 92 countries.
Measurabl empowers customers to optimise ESG performance, assess exposure to physical climate risk, drive decarbonisation, and secure sustainable finance opportunities.
Founded: 2017
Company HQ: Germany
Empowering businesses to respond to regulatory shifts using science and technology
Plan A is Europe’s leading corporate carbon accounting, decarbonisation, and ESG reporting software provider. Founded in 2017, the GreenTech has developed a SaaS platform that combines cutting-edge technologies with the latest scientific standards and methodologies (compliant with the Greenhouse Gas Protocol; certified by TÜV Rheinland).
The end-to-end software solution enables businesses to self-manage their entire net-zero journey - from data collection over emissions calculation, target setting, and decarbonisation planning, to non-financial reporting – in one central hub. The Berlin, Paris, and London-based company counts Chloé, BMW, Deutsche Bank, Visa, GANNI, N26, HomeToGo, trivago, Personio, Sorare, KFC, and DFB among its customers.
Founded: 1998
Company HQ: Switzerland
ESG data science and quantitative solutions
Founded in 1998 and headquartered in Switzerland, RepRisk is a pioneer in ESG data science that leverages the combination of AI and machine learning with human intelligence, to systematically analyse public information and identify material ESG risks.
RepRisk’s flagship product, the RepRisk ESG Risk Platform, is the world’s largest and most comprehensive due diligence database on ESG and business conduct risks, with expertise in 23 languages and coverage of 200,000+ public and private companies and 55,000+ infrastructure projects. For more than a decade, the world’s leading financial institutions and corporations have trusted RepRisk for due diligence and risk management across their operations, business relationships, and investments.
Founded: 2011
Company HQ: USA
A leading provider of supplier diversity and ESG solutions
Supplier.io is a leading data and SaaS provider, helping companies across the world - including 1 in 5 Fortune 100 companies - to manage, optimise and scale their ESG and supplier diversity initiatives.
Powered by unparalleled data intelligence, it connects companies with more sustainable and diverse suppliers, so they can spend smarter and do business better.
Supplier.io gives users access to the most comprehensive database of sustainable and diverse suppliers, easy-to-use software, and a team of experts to bring their programme to new heights.
Founded: 2019
Company HQ: USA
Helping companies measure, report, and reduce their greenhouse gas emissions
Watershed was built on the conviction that companies have a critical role to play in the future of our planet.
By giving organisations like Walmart, Stripe, Klarna and Spotify the tools to measure, report and reduce their greenhouse gas emissions, we can change the trajectory of climate change.
Learn more about the 2023 ProcureTech100.
