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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.
Our findings highlight the asymmetric impact of climate risks on financing costs, particularly for high-risk countries, and emphasize the critical role of investments in climate preparedness, resilient infrastructure, and economic diversification.
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?
MITRE, the federally funded operator of research and development centers on behalf of agencies, unveiled plans this week to train three new artificial intelligence foundation models in critical infrastructure, weather modeling and sustainable social services.
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.
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.
There’s never been a better time to explore creative solutions for stretching budgets further and turning federal infrastructure funding into transformative investments in efficient and sustainable water management. Here are 4 a-ha moments from their conversation that should be on the mind of every finance professional.
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.
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.
A crucial question is how to translate that finance into more effective projects and investments on the ground and prevent leakages against governance risks. The project required working with Assam’s Finance Department to structure and standardize data on all flood-related procurement from the last five years. Now, an estimated 6.5
By bridging their finance gaps, their business as seen significant growth and expansion. . To eliminate unnecessary steps and control deliveries, Amrest needed an automation tool to connect their operations with the finance department. Part of procurement, driven by finance–payment is a key part of the supply chain partnership. .
L'articolo Non-final tax assessments and participation in public procurement tenders: in the Official Journal the long-awaited clarifications of Ministry of Economy and Finance proviene da PwC TLS Blog. Implementing Article 80, paragraph 4 of the Legislative Decree no.
This made it possible for the Committee of Internal Public Audit of the Ministry of Finance (CIPA) to block attempts to conduct single-source procurement, without proper justification, even at the procurement planning stage. In 2022, according to the Ministry of Finance, single-source purchases reduced from 39% to 25% in comparison with 2021.
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!
It’s why all city leaders, not just those in finance, must be well-versed in the different types of budgetary concerns and how to navigate them. Recommendations for city governments In the face of looming fiscal challenges, city governments must adopt strategic measures to ensure financial stability and sustainability.
Clearly, reforms are needed to sustain this critical program, which IRS leadership has also acknowledged,” writes NWC. On April 14, the National Whistleblower Center (NWC) wrote about the IRS Whistleblower Program in their Sunday Read series , touching on the program’s success but also recent challenges which have undermined the program.
At 2 am on Saturday morning, the day after the 10th Conference of the States Parties to the UN Convention against Corruption (UNCAC) was meant to end in Atlanta, exhausted negotiators finally adopted a resolution on “ Promoting transparency and integrity in public procurement in support of the 2030 Agenda for Sustainable Development ”.
Darius Nassiry Vice President of Climate, Resilience and Sustainability, WSP Darius Nassiry’s team recently joined WSP USA, one of the world’s leading professional services firms, providing strategic advisory, engineering and design services.
The deployment of CGIT, financed by USAID, is enabling Armenia to mitigate risks by mapping their continuity goals to an appropriate technology path and ensuring foundational policies are in place to support their digital transformation goals.
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.
Featuring leaders and senior stakeholders from across Scotland’s procurement community and beyond, it’s where delegates can learn and be inspired by what is happening now – and what’s planned for the future: all with the aim of improving public sector service delivery and delivering a better Scotland for all.
This objective implies two major challenges for finance ministries. Spending, taxation, public investment, debt management and financing policies can contribute to transform the behavior of different economic actors. C as possible. The following is a summary of the main opportunities found in this new publication.
REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. About Ivalua.
Treasury bond markets play a pivotal role in the economic development and fiscal management of fragile countries, as they allow governments to secure funds from both the public and institutional investors, reducing the pressure on governments to print out money to finance their budgets. of GDP from 0.3% percent of GDP in 2023 from 2.9
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.
More recently, and in line with developments in other jurisdictions, procurement has been increasingly singled out as a tool to promote environmental and sustainability goals, as well as social goals, or as a tool to foster innovation. Overall, EU procurement law offers a diverse toolkit for public buyers to embed sustainability requirements.
The Handbook should be read in conjunction with Scottish Procurement Policy Notes , legislation, guidance and other supporting documents, such as the Scottish Public Finance Manual (SPFM).
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.
Defense officials said the project helps meet the government’s energy sustainability goals, and – in combination with on-base microgrids – makes the five bases more resilient against disruptions to off-site power supplies. ( The Federal Election Commission is also getting funding to improve online services for political campaign filers.
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.
the subcommittee’s ranking member, noted that her sustained push for a regulatory framework for digital assets has “some parallels” with the need for oversight on AI in housing. “We “But they also have the potential to bake in existing inequities and to reduce accountability and even limit opportunity.” Cynthia Lummis, R-Wyo.,
The Complex Interplay Between Climate Law and International Investment Law The second panel, moderated by Stefano Cappiello (Italian Ministry of Economy and Finance), focussed on how climate change and environmental protection considerations are shaping international investment arbitration.
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. It does not matter if it is climate change-related or man-made.
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.
Drivers for data regulation enforcement include: a) increases in cyber-attacks on research data; b) growth of large datasets and artificial intelligence (AI) in research, which needs more complete datasets, and c) more healthcare, finance, and manufacturing datasets, which introduce domain-specific requirements.
Adildik Joly alerted the suppliers that they’d been caught out, and with sustained pressure, the companies voluntarily returned the stolen funds. In total, 170 million tenge (about US$400,000) was returned to the state budget and a proposal to close the loophole was submitted to the Ministry of Finance ( see full case study here ).
Audrey IZARD, Chief Purchasing Officer for Indirect Sourcing for the L’Oréal Group , will address the audience with her ESG-inspired keynote “Partnering for a More Sustainable World”. . This year, we’ve invited industry thought leaders to join 5 expert panels covering data, supplier collaboration, procurement finance, and vendor management.
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.
In 1999, he joined HP in Belgium, working for the Finance department after his national service at the French Embassy in Rome. Vitold has a true passion for innovation and for the sustainable growth topics. Before, amongst other roles at HP, he has managed the worldwide hotel and card programs. He is based in Montreal.
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.
Adding to this challenge is the current international scenario, including the war in Ukraine, global supply chain disruptions and rising interest rates to combat inflation, which can affect investor appetite for investing in the region and financing its debt. The direct impact is related to how governments use the proceeds from debt sales.
Unsurprisingly, sustainability is the top priority, with 67% of respondents actively measuring CSR performance. However, only 33% have defined official sustainable policies and targets. Social and ethical priorities are close behind but still lag. This is followed by a lack of systems to enable effective, scalable collaboration.
Procurement is perfectly placed to help manage this growing risk landscape, support innovation and create sustainable cost savings. Two-thirds of businesses still reliant on manual and paper-based processes . However, the lack of digitisation is holding Procurement teams back. please visit: [link]. About the study.
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