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Ivalua's Continuous Commitment to Sustainability

Ivalua, a global frontrunner in spend management solutions, has proudly announced that it has been awarded the EcoVadis Silver Medal for the second consecutive year, signifying its ongoing dedication to sustainable business practices. This recognition places Ivalua among the top 15% of all companies assessed by EcoVadis, which evaluates over 130,000 organizations worldwide on their sustainability and corporate social responsibility (CSR) efforts.

EcoVadis is renowned as the largest provider of sustainability ratings, utilizing a rigorous methodology designed to measure how well companies incorporate sustainability principles into their entire operational strategy. This includes various facets of business such as environmental policies, labor practices, ethical standards, and sustainable sourcing initiatives.

Notably, Ivalua's improved rating is a reflection of enhancements made in key areas: environmental management, labor and human rights, ethical operations, and sustainable procurement practices. A critical component of Ivalua's progression was the completion of a comprehensive double materiality assessment that effectively identifies impacts, risks, and opportunities tied to sustainability.

In its pursuit of excellence, Ivalua has embarked on several initiatives to foster internal awareness about sustainability, focusing significantly on employee well-being and safety, alongside robust information security risk assessments. Furthermore, the introduction of a new Supplier Code of Conduct exemplifies Ivalua's commitment to responsible sourcing practices, ensuring that its suppliers are also held to high sustainability standards.

David Khuat-Duy, the Founder and CEO of Ivalua, expressed his satisfaction with the Silver Medal acknowledgment, stating, "We are delighted to receive the EcoVadis Silver Medal with an improved score which recognizes the progress we have been making through practical measures and enhanced reporting. ESG principles are integral to Ivalua's strategy, and we believe in the power of technology to make supply chains more efficient and sustainable. We look forward to continuing our journey of sustainable growth with our customers and partners."

This award not only highlights Ivalua's advancements in sustainable practices but also reinforces its dedication to leveraging technology to enhance efficiency within supply chains while minimizing environmental impact.

As Ivalua continues to improve its sustainability practices and reporting mechanisms, it stands poised to lead by example in the business world, inspiring other companies to undertake similar journeys towards sustainability. Its cloud-based, AI-driven Spend Management software is designed to empower businesses to manage every facet of their spending effectively while enhancing profitability and lowering risks for a more sustainable future.

For further insights on the EcoVadis assessment methodology and Ivalua's offerings, interested parties can learn more by visiting Ivalua's official website. Through innovation and commitment, Ivalua is not just achieving its sustainability goals; it is also driving the business environment towards greater responsibility and effectiveness in managing resources for a healthier planet.