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Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
Every dollar that isn’t transparently invested in achieving sustainable development outcomes risks being invested in democratic decline. We can’t afford to see high standards of transparency, integrity and public participation in development finance as a compliance bolt on or a nice-to-have.
79% found our resources very useful, too, and you asked us for more case studies and opportunities to exchange and collaborate. We will also be making the case for better public procurement as a cross-cutting priority public financial management reform for the SDGs at the Financing for Development Conference in Spain.
Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. What is Smart Public Procurement? In contrast, relational contracting emphasizes cooperation for mutual benefit.
Following the global climate protests that swept the world in 2019, sustainability rose to become a business priority. In our latest study of UK-based procurement, supply chain and finance professionals, we found that 60% of UK businesses have decreased investment in sustainability initiatives as a result of the coronavirus outbreak.
During her visit to Armenia on July 10, 2024, Samantha Power, the United States Agency for International Development (USAID) Administrator, announced $5 million in funding for a new public-private collaboration between USAID, the Government of Armenia, and Amazon Web Services (AWS).
16th July 2020, London – Research from Ivalua, a leading provider of spend management cloud solutions, has shown that six-in-ten (60%) UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic. A lack of digital maturity and a focus on supplier cost and quality are also limiting green practices.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!
There is no turning back now, the ministries of economy and finance are at the heart of climate action. What are finance ministries doing and discussing to advance green fiscal management? 2- Sovereign thematic issuances are increasingly relevant Sustainable debt instruments are becoming increasingly relevant in the capital markets.
Collaboration is beneficial, but typically hard to do in big enterprises. There is a lot of talk these days about the benefits of collaboration for manufacturers. However, making collaboration actually happen is difficult, especially in large enterprises. So much for collaboration. Let’s face it. Focus on the outcomes.
The Handbook has been developed in collaboration with stakeholders from across the Scottish public procurement landscape as well as policy experts within the Scottish Government. Today marks the publication of the updated Procurement Policy Handbook, which replaces the previous Handbook published in 2008.
Later this year, the CESER office will convene with big cloud service providers and the clean-energy sector to collaborate on cybersecurity requirements. Energy’s Office of Cybersecurity, Energy Security and Emergency Response (CESER) is working to set security expectations for using the cloud.
The cloud is accelerating research insights by reducing data analysis and processing times, enabling researchers worldwide to collaborate on solving universal problems from drug discovery to climate challenges. How can we maintain open and collaborative research networks, while also meeting security and compliance regulations?
Access to Capital and Funding Securing financing and investment can be challenging for any small business owner, but studies show that women entrepreneurs encounter additional hurdles in accessing capital. Moreover, WOSB certification enhances credibility and trustworthiness when seeking private investment.
We want to enable one billion people to live in more equitable, prosperous and sustainable communities by 2030 by improving US$2 trillion in public procurement spending. We want to unlock its power to improve economic inclusion and sustainability, rebuild integrity and trust, and deliver the quality public services that we all deserve.
Collaboration is beneficial, but typically hard to do in big enterprises. There is a lot of talk these days about the benefits of collaboration for manufacturers. However, making collaboration actually happen is difficult, especially in large enterprises. So much for collaboration. Let’s face it. Focus on the outcomes.
Some keyways in which the SBA supports small businesses include: Access to Capital: The SBA provides loan guarantee programs, including the 7(a) Loan Program, 504 Loan Program, and Microloan Program, to help small businesses secure financing when they might not qualify for traditional loans.
The ‘rise in legislation’, including the EU Corporate Sustainability Reporting Directive and the EU Corporate Sustainability Due Diligence Directive (see here for previous coverage), impose new duties and potential liabilities on businesses.
35% of respondents are lacking systems to enable effective, scalable collaboration to empower supply-chain partners in support of their CSR strategies and policies. Unsurprisingly, sustainability is the top priority, with 67% of respondents actively measuring CSR performance. To read the full study, please visit: [link].
In addition, a dedicated Sustainable Public Procurement (SPP) Competence Center was established in the LPPO to lead implementation and to support contracting authorities and suppliers in their adoption of green criteria. In 2023, the LPPO added a set of key sustainability performance indicators to its procurement dashboard.
Agenda Learning Objectives Complimentary Registration Live Captioning CART Agenda Join us as thought leaders from government and industry look in depth at current AI initiatives, their implications, and the future of AI and government-industry collaboration. Singh is passionate about process and project management.
The captivating venue reinforces our “Stronger Together” theme, with the inspiring art and stories reflecting shared collaboration, innovation, and exploration of new horizons. This year, we’ve invited industry thought leaders to join 5 expert panels covering data, supplier collaboration, procurement finance, and vendor management.
More recently, as EU procurement policy increasingly seeks to promote cross-border collaboration, procurement is also becoming a driver (or an irritant) for the transnational regulation of administrative processes and a living lab for experimentation and legal innovation.
Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. Financing, hedging, and currency plays. Strategic Sourcing Requires Collaborative Working Arrangements with Key Suppliers. alternatives.
The framework aims to leverage digital technologies to enhance public service delivery, promote inclusivity, and achieve sustainable development goals. This framework emphasizes an ecosystem approach, focusing on good governance, inclusivity, and security.
Central to the event were the themes of generative AI, sustainability, security, and—importantly for Europe—digital sovereignty. They launched Falcon LLMs , three foundational large language models, to facilitate research in healthcare, finance, education, and more.
In response to these consequences, the ASCE released the Sustainable Infrastructure Standard, ASCE 73-23, a tool that provides guidance for infrastructure owners to develop and implement sustainable solutions throughout a project’s entire life cycle. The future is bright if we collaborate! Take a minute and check it out.
Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Large corporations are focusing more on sustainable sourcing and sustainablefinance and ethical sourcing and the integration of ESG into every day business practice.
– Enhanced collaboration as the software allows Procurement, stakeholders and suppliers to exchange information quickly, but also to work jointly on certain item. For example, you could check the sustainability score of a supplier through Ecovadis before ordering a certain product.
Sustainability. Embracing sustainability as a goal and metric that you scorecard suppliers on is a good place to start to get ready for this trend that will become a staple in how successful companies do business. Does your organization collaborate well internally across functional teams? Think of the brand Tom’s shoes.
Public procurement, one-third of spending or more of every country, is critical to economic development and sustainability. Sustainability needs to be seen as a wider issue, not just green purchasing and the environment, but also supporting women businesses and local economic development.
Challenge : The City of Des Moines in Iowa wanted to leverage procurement to improve equity and sustainability, but knew its current procurement processes and tools were insufficient. City employees are now able to collaborate on procurement more efficiently, and better plan and track their aspirations around equity and sustainability.
Read our FAQ to get acquainted with our newest C2FO Partner collaboration! They can also set up agreeable terms for suppliers who align with their overall diversity and sustainability missions. The Finance team can focus on the release of low-cost finance and target yield-based saving programs. It Pays to Partner!
The analogy that I like to give is when our finance teams went from ledgers to spreadsheets, no one really had an issue with them doing that. That, I think, is the soul of the collaboration, and its just been really key to not being afraid to dig in. I am still the human at the end of the process that has the signature responsibility.
Ivaluans, customers, sponsors, and prospects gathered at the exquisite Musée du quai Branly – Jacques Chirac to meet, exchange ideas, and collaborate in-person! The goal is to sustainably create value and share that value with the Group’s entire ecosystem.”. Audrey Izard, L’Oréal . Day 1 Closing Remarks.
This year, we’ve invited a wide array of industry thought leaders to join 6 expert panels covering Data Integrity, Sourcing Optimization, Sustainable Procurement, Finance Procurement, Public Procurement, and Federal Procurement. . Breakout Sessions. The interactive sessions will also dedicate time for peer discussion and Q+A’s. .
The beautiful Pavilion Gabriel provided an exquisite backdrop to bring together customers, prospects and sponsors in person- what better way to collaborate? Eloise graduated from Providence College with a dual degree in Finance and Political Science. Read More : 2023 Ivalua NOW Paris: Recap + Photos!
DREAM development: the power of civic collaboration The idea of DREAM was conceived within the first months of the war, when civil society organizations started thinking about the country’s reconstruction and how to put Ukraine’s open government and open data ecosystem to work. The system will be scaled during 2024.
Fostering collaboration between government and the private sector will be crucial to maximizing the benefits of AI and ensuring inclusive growth across LAC. To help government further leverage AI for macro-fiscal policymaking, the IDB launched in 2022 FISLAC(Fiscal Sustainability for Latin American and Caribbean Countries).
Trust plays a central role where past collaboration and experiences often jeopardize trust levels. With establishing end-to-end process ownership at Procurement and structuring cross-functional collaboration between Businesses, Procurement, and Finance, it is also time to revitalize your performance measures.
As financing and cash flow is uncertain, cash is once again king and Procurement and AP leaders are being asked to forecast and preserve cash wherever possible. Companies that maintained zero-sum, hard negotiation relationships with suppliers cannot suddenly reset those in a more collaborative mold. Collaborate.
Attendees will have the chance to connect with government officials and industry peers to share best practices, collaborate, and discuss the latest developments in cybersecurity. We strongly encourage you to nominate a deserving colleague or collaborator who has demonstrated their commitment and expertise in the Federal procurement space.
There already are use cases demonstrating hundreds of hours saved across multiple disciplines, from finance to human resources to IT. In 2014, Dr. Crosby supported MARFORCOM G-6 before transitioning to HQMC DC, Plans, Policies, & Operations to as their SharePoint and Collaboration subject matter expert. DLA is the U.S.
Attendees will have the chance to connect with government officials and industry peers to share best practices, collaborate, and discuss the latest developments in cybersecurity. We strongly encourage you to nominate a deserving colleague or collaborator who has demonstrated their commitment and expertise in the Federal procurement space.
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