HowGood: Procurement insights for sustainable sourcing
Announced by HowGood, an SaaS data platform with the world’s largest product sustainability database, the organisation has expanded its sustainability intelligence software known as Latis.
The expansion includes the introduction of a procurement module designed for global food brands. The module allows food consumer packaged goods (CPG) sourcing and sustainability teams to assess their overall impact, compare suppliers against the same holistic sustainability criteria, and discover new and more sustainable supplier offerings.
What makes HowGood’s procurement module different?
It is reported that there is no product currently on the market that can support procurement teams in researching ingredient sustainability specs and identifying new and more sustainable suppliers at the scale like Latis.
HowGood’s latest offering comes at a time when consumers are increasingly demanding sustainability and transparency, while corporate promises to reduce carbon emissions, eliminate labour risks, and improve biodiversity globally continue to rise.
Met with challenges on both fronts, procurement is struggling to balance public sustainability commitments with business operatives.
To ease the strain for procurement teams, Latis’s new module for the function helps to initiate the sourcing research process in a way that is simple, fast, and effective.
As such it allows buyers to analyse their suppliers’ ESG metric performance, price and material specifications, and predict and strategise on the sustainability implication if changes are made.
“Our goal with the Procurement Module is to help food brands evaluate the sustainability of their products on a foundational level by providing instant insights on where and how to improve their sourcing portfolio – and then giving them the tools to go do it,” said Ethan Soloviev, Chief Innovation Officer at HowGood.
“As the food industry grapples with calls to improve transparency and reduce its footprint, the Procurement Module boosts the efficacy of procurement teams by providing an easy-to-use platform for buyers to identify the ingredients most negatively impacting their portfolios, discover and compare new suppliers offering more sustainably-sourced ingredients, and demonstrate the impact of any supplier change through an advanced scenario-planning interface. This not only saves procurement teams a ton of time on research and vetting, but ensures they’re building their sourcing portfolio with suppliers that meet their company’s sustainability goals, budget, and QA requirements.”
Features of the Latis Procurement Module
HowGood’s new procurement module offers the same set of comprehensive, ingredient-level impact insights that the original module provides such as greenhouse gas emissions, water usage, biodiversity impact, labour risks, and animal welfare.
The module also fosters connectivity throughout an organisation with its shared language for sustainability goals and performance.
“HowGood’s Latis platform is helping us rapidly visualize the social and environmental impact of our products down to an ingredient level,” said Gemma Brierley, Global Director of Sustainable Sourcing and Human Rights at Danone.
“We’re very excited about the launch of the Procurement Module, which will deepen our understanding of the impact of each ingredient used in our products and help us identify suppliers whose sourcing practices align with our sustainability goals.”
Who is HowGood?
Founded in 2007, HowGood is an SaaS data platform that holds the world’s largest database for food and personal care product sustainability. HowGood helps leading brands, retailers, and restaurants improve their environmental and social impact.
HowGood offers its customers a range of insights from greenhouse gas emissions to animal welfare and labour risks. Its insights help those in sourcing, manufacturing, merchandising, and marketing make strategic and data-driven decisions.
