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Buyers and sellers to get sustainability ratings

COPENHAGEN: Tradeshift, a global collaboration platform connecting buyers and suppliers, has partnered with EcoVadis, a provider of sustainability ratings for global supply chains.

Launched in 2010, Tradeshift connects 500,000 companies in 190 countries including Archer Daniels Midland, Air France-KLM, CBRE and DHL, to digitize their supply chain relationships and processes via an open platform that also enables third parties to build business apps.

AFB777FThe Danish company says it helps businesses run more efficiently by using cloud technology to improve processes like AP automation, procurement, supplier management and working capital optimization.

"The partnership will integrate EcoVadis' CSR Ratings with Tradeshift's global supply chain platform to benefit both buyers and suppliers. It gives users a platform for supplier business with them," said Pierre-François Thaler, co-CEO at EcoVadis. "Tradeshift shares our philosophy of creating technology that enables better business processes across the planet through a global and sustainable supply chain. Through this partnership, we can together provide a world-class platform to make this happen."

Suppliers will be able to measure, improve and capitalize on their sustainable business practices, while buyers will be able to make better procurement decisions, and see a complete view of the CSR performance and sustainability ratings of their supply chain say the partners.

"Sustainable business practices have always been a core value of our company, so partnering with EcoVadis was an easy decision," said Rinus Strydom, VP Alliances & Solutions Consulting, Tradeshift. "EcoVadis has established the standard for suppliers Sustainability Ratings. By integrating their content into Tradeshift's platform, we can continue our mission of providing a more global, connected and sustainable supply chain network."

Earlier this year Tradeshift won the Circular Economy Digital Disruptor award at the World Economic Forum in Davos, Switzerland. EcoVadis provides ratings for over 120 multinationals including Verizon, Nestlé, Johnson & Johnson, Heineken, Coca-Cola Enterprises, Nokia, L'Oréal, Alcatel-Lucent, ING Bank, Air France-KLM, and Merck.

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