SAP and EcoVadis Expand Partnership
A trio of announcements during the SAP Sapphire 2022 event on Tuesday, May 10, highlighted SAP and EcoVadis’ expanding partnership:
SAP expands partnership with EcoVadis to add sustainability ratings to SAP Business Network
SAP and EcoVadis are expanding their existing partnership to enable trading partners to add EcoVadis sustainability medals to their marketing profiles on SAP Business Network. SAP Business Network buyers will be able to search and discover trading partners based on these ratings, enabling them to assess trading partners and take immediate action that impacts the sustainability of their value chains. Look for more news over the coming year as this integration progresses.
Taulia partners with EcoVadis to help build sustainable supply chains
Taulia, now part of SAP, is partnering with EcoVadis on sustainable supplier finance solutions. Supply chains can account for 90% or more of a company’s environmental footprint. To drive meaningful sustainability impacts, companies need to look beyond their own operations and prioritize suppliers who align with their environment, social, and corporate governance (ESG) goals. Bringing together the EcoVadis ratings platform with financing options from Taulia gives SAP customers a new way to drive change by creating financial incentives for suppliers to become ESG-rated, thereby improving ESG performance over time. Suppliers get the guidance and tools they need to improve. As they improve, they receive more favorable financing terms. Read more about the EcoVadis-Taulia partnership here.
SAP customers can get started today with the EcoVadis app in the SAP Store