supply chain sustainability net zero
Asia Fintech for Good Trending

STACS Enhances ESGpedia Platform to Enhance Corporate Supply Chain Sustainability and Net Zero Aims

In an effort to help corporates’ net zero journey, the Asia-based environmental, social, and governance (ESG) data and technology solutions company STACS has collaborated with International Accreditation Forum (IAF). 

By collaborating with the IAF, STACS has enhanced its ESGpedia platform to help corporates achieve net zero goals by better managing supply chain sustainability – by ensuring that suppliers hold accredited ISO certifications.

The latest progress involves collaboration IAF’s global certificate database IAF CertSearch which is powered by Quality Trade, the business-to-business (B2B) marketplace for ISO-certified companies.

Some firms have already seen success when using the platform. Solar innovation and channels firm, Maxeon Solar Technologies, is onboard as a corporate representative in the live use case. Maxeon first commenced utilising holistic data and digital solutions on ESGpedia to monitor the sustainability performance of suppliers in its end-to-end supply chain last October 2022.

The ESGpedia platform enables Maxeon to ensure that suppliers within its supply chain meet its corporate sustainability requirements of being ISO-compliant.

Lindsey Wiedmann, chief legal and sustainability officer at Maxeon, said: “As part of our company’s purpose of Powering Positive Change™, Maxeon screens suppliers carefully and requires them to be ISO-certified. The goal of our partnership with ESGpedia by STACS is to achieve a one-stop holistic view of all relevant ISO certificates of current suppliers in one portfolio on a single data registry.”

ESGpedia supporting net zero journeys
Sharon Yuen, CCO at STACS
Sharon Yuen, CCO at STACS

Sharon Yuen, chief commercial officer at STACS, explained: “With ESGpedia, we support corporates’ net zero journey and help them manage their supply chain sustainability and scope 3 emissions, to stay ahead of regulations, future-proof, and strengthen their competitive edge.

“A digital solution is especially key for companies like Maxeon with more complex supply chains and regional suppliers. We are therefore delighted to be collaborating with International Accreditation Forum and Quality Trade, and furthering our partnership with corporates like Maxeon through ESGpedia, to help them ensure the overall green-ness of their supply chains.”

Emanuele Riva, chair of the International Accreditation Forum, added: “The IAF CertSearch database helps businesses, asset owners and regulators know exactly which organisations in their supply chains, portfolios and networks hold valid accredited certifications.”

Rajesh Maheshwari, IAF database management committee chair, commented: “There has never been a more important time to know your suppliers, customers, and investees meet international standards, particularly in the area of ESG. The database quells fears of greenwashing as it records and provides transparency of the validity of certifications.”

Nigel Johnston, chief executive officer at Quality Trade, said: “Businesses, asset owners and regulators require swift and reliable exchange of information to operate in today’s digital environment. We look forward to working with STACS to ensure valid accredited certification information can be aggregated and easily accessed on ESGpedia, helping organisations such as Maxeon to achieve their sustainability goals.”

Author

Related posts

The Biggest ‘Blockers’ to Blockchain’s Success

Mark Walker

This Week in Fintech: TFT Bi-Weekly News Roundup 07/01

Claire Woffenden

Consumers Caught in Data Sharing Catch 22: Fintechs Must Do More to Gain Trust

Francis Bignell