Award judges call Avetta's ESG platform 'impressive'
Avetta® has been recognized in the field of supply chain and compliance solutions, garnering a Gold Stevie® Award in the Supply Chain Management Solution category in the American Business Awards® and a Silver Stevie® Award in the Compliance Solution category in the International Business Awards®.
The acknowledgment comes because of Avetta's commitment to addressing the pressing need for enhanced supply chain transparency among companies. Judges applauded Avetta for its perceptive approach to this challenge, calling its ability to obtain greater transparency in supply chains “impressive.”
"ESG success starts with how companies engage suppliers, contractors, and vendors," says Katie Martin, Avetta's sustainability & ESG risk advisor. "Many ESG management platforms attempt to cover every standard, which leads to suppliers being overwhelmed with hundreds of questions during the due diligence process."
The accolades come at a time of mounting global environmental, social, and governance (ESG) regulations. Within the last decade, ESG regulations have surged by an astonishing 155%, creating a complex and fragmented landscape. Avetta's patent-pending automation, however, offers a distinct approach that aligns with the diverse needs of suppliers across various industries, sizes, and geographical locations.
The platform tailors due diligence requirements to each supplier's specific characteristics, allowing companies to evaluate suppliers in line with multiple globally adopted ESG frameworks and United Nations Global Codes of Conduct. This tailored approach enables companies to develop customized sustainability scores that align seamlessly with their overarching ESG strategies.
“Most suppliers don't have ESG experts on staff to explain these complex regulations,” explains Martin. “Avetta helps companies generate supplier buy-in through robust support and business value."
Avetta's comprehensive platform includes a range of features designed to streamline the process for suppliers, ultimately enhancing the overall ESG performance within the supply chain. Some of these features encompass user-friendly self-evaluation forms that suppliers can complete in just 15 minutes, as well as access to tools like Green House Gas emission calculators, carbon offsets, and data-driven suggestions aimed at bolstering ESG scores and overall performance.
Furthermore, Avetta provides supplementary support through supplier training, educational resources, and webinars. Notably, the platform also offers on-demand translation support for more than 250 languages, ensuring accessibility across global supply chain networks.
