JAGGAER, a global leader in enterprise procurement and supplier collaboration, has released its third Environmental, Social and Corporate Governance (ESG) Impact Report for 2023. JAGGAER helps its customers to manage and automate complex processes while enabling their highly resilient, accountable, and integrated supplier base. By simplifying and streamlining procurement, JAGGAER helps these customers and other stakeholders to achieve their ESG objectives by embedding ESG in its software and solutions.
The company also recognises that in addition, it must take a lead in pursuing its own ESG best practices internally. Introducing the report, JAGGAER CEO Andy Hovancik states, “I’m thrilled to serve as a catalyst for accelerating business outcomes with JAGGAER’s thousands of global customers and partners. Our latest ESG Impact Report recognises enhancements to our best-in-class ESG offering for customers, engaging environment for our talent, and ambitious environmental targets in 2023.”
Hovancik added, “Our technology is playing an increasingly important role in helping customers make a positive impact on the environment and society and improve governance through greater transparency.” The following are some highlights from this latest ESG report:
Environmental
JAGGAER reports that it is on course to meet its Plan Zero emission targets, which have been verified by the Science Based Target initiative (SBTi). JAGGAER has achieved a 28% reduction in overall Scope 1 and Scope 2 emissions compared to 2021.
Social
The Impact Report highlights JAGGAER’s achievements in community engagement and talent management. Every JAGGAER employee is offered two days of paid volunteering time each year. In 2023, the company saw an increase in uptake of 156% across the organisation. Progress was also made on diversity, equity, and inclusion (DEI). Women account for 42% of the global workforce and 43% of the Executive Leadership Team, up from a third in the previous year.
Governance
JAGGAER took steps to strengthen its governance structures in 2023. As Data Privacy and Information Security is one of the most material topics for JAGGAER, the company remains transparent around its best practices to ensure data privacy and information security. JAGGAER is also currently defining the responsible use of AI in alignment with the NIST AI Risk Management Framework, part of NIST’s Trustworthy & Responsible Artificial Intelligence programme. Moreover, the company is monitoring regional and governing body developments, such as the latest ISO 42001 standard.
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