Ivalua furthers commitment to ESG, joins UN Global Compact

Leading spend management solution provider, Ivalua, furthers its commitment to ESG by joining United Nations (UN) Global Compact

In an announcement made by Ivalua, the leading provider of global spend management cloud solutions has joined the United Nations (UN) Global Compact. 

By joining the world’s largest voluntary corporate sustainability initiative, Ivalua will translate its beliefs into a comprehensive and actionable framework, and extend its commitment by aligning its operations and strategies with the UN’s ‘10 Principles’ relating to human rights, labour, environmental practises, and anti-corruption.

This initiative will also see Ivalua committing to taking strategic actions towards the advancement of broader societal goals outlined by the UN Sustainable Development Goals (SDGs). 

 

“At Ivalua we strive to make a positive social and economic impact, not just through our core business, but also through the way we operate, viewing these as interconnected objectives,”  said David Khuat-Duy, Ivalua’s founder and CEO. 

“Joining the UN Global Compact provides Ivalua with a proven framework to guide our ESG strategy. As we strengthen our global sustainability platform, Ivalua’s most impactful contribution will emerge from the successful implementation of our spend management solutions with some of the world’s leading brands. The way we spend matters, and we are collectively committed to long-term sustainable growth.”

Ivalua’s commitment to ESG

Embedded in the DNA of Ivalua, environmental, social, and governance (ESG) principles are at the heart of Ivalua’s business strategy to drive value for customers and achieve sustainable growth.
Ivalua believes that digital transformation will make supply chain and procurement more efficient, sustainable, and resilient, as well as unlock the power of collaboration with suppliers. 

“As we strengthen our global sustainability platform, Ivalua’s most impactful contribution will emerge from the successful implementation of our spend management solutions with some of the world’s leading brands. The way we spend matters, and we are collectively committed to long-term sustainable growth,” said Khuat-Duy. 

Ivalua’s ESG commitments include: 

  • Environment: committing to make every effort to reduce the impact on the environment by reducing energy usage/emissions, ensuring sustainable waste management, enforcing its sustainable procurement policy worldwide, and being carbon conscious with business travel.
  • Social: having an inclusive and diverse employee base, recognising the value people-powered diversity brings to customers and the community. 
  • Governance: ensuring strong governance for its ESG policies and practices, making them impactful and meaningful. 
Share

Featured Articles

Unlocking autonomous networks with intent-based automation

Yuval Stein, AVP Technologies at TEOCO discusses intent-based automation and the evolution of AI Technology

Talent in procurement needs to be retained, not acquired

Jessica Day, Senior Director for Marketing Strategy at Dialpad, offers thoughts on recruitment in a Future of Sourcing publication. But retain or acquire?

Report: Co2 utilisation necessary for circular economy

A new National Academies finds that Industry and Government should begin planning carbon dioxide utilisation in the Circular Economy

How public procurement exposes conflicts in processes

Procurement Strategy

Experts reveal factors contributing to staff turnover

Procurement Strategy

Public procurement and the protection of SMEs

Procurement Strategy