Company: SnappConner PR, Lehi, UT for Impartner and Avetta
Company Description: On behalf of its clients, Impartner and Avetta, SnappConner PR has submitted entries into the American Business Awards.
Nomination Category: New Product & Service Categories - Business Technology
Nomination Sub Category: Supply Chain Management Solution
 Nomination Title: Avetta's Avetta One Platform
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
Updated solution with ESG functionality February 2022
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 342 words used.
Avetta, the largest provider of workforce and supply chain risk management solutions, expanded its Avetta One™ platform with a sustainability and Environmental, Social and Governance (ESG) risk mitigation solution that provides a holistic view of ESG status across the entire supply chain. Avetta is the only supply chain company to provide an ESG scoring system that considers individual company goals and global standards in 20 industry trades.
For multinationals, up to 90% of their environmental footprint is in the supply chain. But most companies do not have visibility into each supplier’s sustainability status. This situation increases the risks of unknowingly taking on unethical work practices, using protected resources, contributing to global climate change, leading to potential regulatory penalties, civil and criminal liability and brand and reputation damage.
Companies are setting aggressive sustainability and ESG goals to become more accountable and responsible. Now comes the hard part—delivering on these promises. With Avetta One, boards and executives now have a unified view across their companies and suppliers to manage risk and improve compliance.
Avetta has added Sustain.Life as an Avetta Marketplace Partner, offering suppliers an affordable solution to calculate and track their carbon emissions for free and utilize expert guidance and tools to reduce those emissions.
Key features of the solution include:
1)Scoring ESG maturity: Avetta calculates an ESG Index that characterizes supplier levels of awareness and understanding by measuring ESG compliance across a range of global and specific company standards in 20 industries.
2)Accurately measure and remediate ESG compliance: A scorecard shows the status and progress toward improvement. These capabilities enable companies to accurately measure and quickly remediate ESG compliance issues, reducing immediate risks while achieving long-term goals. Clients can then collaborate with suppliers to remediate gaps.
3)Enable data-driven decisions: The platform uses almost two decades of data from millions of collected data points to provide real-time views on risks and delivers alerts on deviations from baseline measures. It leverages detailed analytics to target areas of concern, highlights achievements and facilitates better corporate reporting and ongoing development of ESG and sustainability performance.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 350 words used.
Avetta One contributes to the advancement of clients’ sustainable growth by protecting supply chains from a range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and more. It has been proven to reduce supply chain accidents and environmental incidents by 40% to 70% compared to industry averages. Customers and their suppliers also improve by 7-8% per year and reduce administrative expenses by 75%. The product has industry-leading customer retention rates of 90.4%. Suppliers using Avetta One can showcase their maturity in the ESG space, making them reliable partners to work with, as well as discoverable and attractive to clients from a financial investment standpoint.
Customer Case Studies from Fortune 500 companies:
Largest e-commerce company in the world
- Manages over 5,000 suppliers
- Reduced safety incidents by 32%
- Suppliers outperform OHSA standards by 33%
- Saves $12 million in accident avoidance, program management and software development costs
Large food manufacturer in the U.S.
- Manages 4,500 suppliers
- Reduced safety incidents by 34%
- Suppliers outperform OSHA standards by 52%
- Saves $12 million in accident avoidance, program management and software development costs
Global leader in sustainable building solutions
- Manages 9,000 suppliers with sustainability assessments
- 7,000 supplier sustainability ratings
- Almost 1,000 different trades rated
Testimonial:
As a part of its Supplier, Diversity, Inclusion & Sustainability (SDI&S) strategy, Entergy, the Fortune 500 integrated energy company, partnered with Avetta to develop a robust supply chain ESG monitoring system addressing its challenges with reporting and external auditing of ESG supply chain data by developing ESG KPIs for supply chain, adding sustainability KPIs to its vendor scorecards and building an integrated supply chain scorecard.
“Entergy worked with Avetta to establish an API between Avetta and Entergy’s Data Lake. This allowed for the Avetta compliance status of our contractors to be visible in the Maximo platform. It also allows for seamless system interfaces that enable users to work more efficiently using one system, built-in workflows to ensure consistency, compliance and sustainability across the fleet, the elimination of barriers, and improved decision making.” —Oryvie Johnson, Corporate Safety Specialist
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 63 words used.
- White Paper: ESG Success Stories From Industry Leaders
- White Paper: Benchmarking Organizational Commitment to ESG
- Press release: Avetta Launches Supply Chain Sustainability and ESG Risk Mitigation Solution on the Avetta One Platform
- Press release: Avetta Survey Finds More Executives are Prioritizing Environmental, Social and Governance (ESG) Efforts
- Avetta Sustainability and ESG Risks Data Sheet (Dropbox)
- Avetta Insights Report #1
- Avetta Insights Report #2
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