Vizibl has announced the launch of its Science-Based Targets Initiative (SBTi) Framework aimed at helping large organisations get supplier engagement for sustainability programmes ready to launch within four weeks.
The new configuration will allow companies to get started with their supplier raw spend data, which Vizibl first intakes.
The move will also see data cleansed, normalised and enriched, mapped and loaded onto Vizibl’s sustainability launchpad for emissions.
Organisations can also use the launchpad to quickly visualise emissions hotspots or which suppliers have committed to a SBTi.
Companies can quickly select cohorts of suppliers to add to supplier engagement programmes and start taking action after four weeks.
The new configuration will also allow all the supplier engagement action that’s been taken to decarbonise their supplier base, in one central location using the Vizibl platform, to mitigate against the rising tide of risk from upcoming and existing ESG regulations.
This process follows SBTi’s supplier engagement guidance steps and leads the organisation through the process.
It will also mean automating key steps of the framework that would otherwise be administratively intensive spreadsheets.
The programme ready to launch is aligned to a UN-backed global sustainability standard for supplier engagement in the SBTi.
It supports Vizibl customer’s evidence of the collaborative actions associated with upcoming mandatory ESG regulations around scope 3 reduction.
It is also underpinned by a library of supporting content specifically to guide the organisation further to achieving science-based targets.
Once the programme is ready to launch, the Vizibl team is ready to walk the organisation through the launch process.
The team also supports the ongoing programme rollout and maintenance, continuously monitoring progress to ensure the programme meets agreed objectives.
“With mounting ESG regulatory pressure on businesses, ensuring our customers have the tools they need to quickly and accurately assess and improve sustainability performance across their supply base is key to Vizibl,” commented Richard Hogg, CEO at Vizibl.
“Ensuring that our customers can build a body of evidence that shows the efforts they’re taking, both at speed and at scale, to engage their suppliers to decarbonise their supply chains, is critical to meeting net-zero targets.”