{"id":14891,"date":"2024-01-10T10:19:28","date_gmt":"2024-01-10T10:19:28","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14891"},"modified":"2024-01-10T10:19:30","modified_gmt":"2024-01-10T10:19:30","slug":"sphera-acquires-supply-chain-sustainability-software-provider-supplyshift","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/sphera-acquires-supply-chain-sustainability-software-provider-supplyshift\/","title":{"rendered":"Sphera Acquires Supply Chain Sustainability Software Provider SupplyShift"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-14891\" data-postid=\"14891\" class=\"themify_builder_content themify_builder_content-14891 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Blackstone-backed ESG performance and risk management software, data and services provider Sphera announced today the acquisition of supply chain sustainability software company SupplyShift, in a move aimed at enhancing its supply chain offering with expanded supplier mapping, scoring and traceability capabilities.<\/p>\n\n\n\n<p>Founded in 2012 by Climate Science and Environmental Economics PhDs Alex Gershenson and Jamie Barsimantov, Santa Cruz, California-based SupplyShift provides a cloud-based end-to-end supply chain data management, responsible sourcing, and supplier engagement platform aimed at enabling businesses to build transparent, responsible, and resilient supply chains, and to measure, monitor and improve their environmental, social and economic impact across the supply chain.<\/p>\n\n\n\n<p>SupplyShift\u2019s supply chain network encompasses over 100,000 suppliers, with the platform enabling buyers and suppliers to share information in order to manage risk and facilitate supplier regulatory compliance.<\/p>\n\n\n\n<p>SupplyShift CEO and co-founder Alex Gershenson said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cSupplyShift was founded on the idea of leveraging software to drive sustainability initiatives, and for 11 years we have been empowering companies to understand their supply chain ESG risk and performance. We are excited to join the Sphera family and take data availability to a new level through the combination of Sphera\u2019s industry-leading ESG data and SupplyShift\u2019s Scope 3 data collection abilities.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>The transaction marks the latest move by Sphera to boost its supply chain sustainability capabilities, and follows its 2022 acquisition of supply chain risk management (SCRM) software company <a href=\"https:\/\/www.esgtoday.com\/esg-software-company-sphera-acquires-supply-chain-risk-management-solutions-provider-riskmethods\/\">riskmethods<\/a>. The acquisitions come as companies globally face increasing regulatory pressure to report on supply chain sustainability metrics, and particularly on their scope 3 emissions, with emerging sustainability reporting standards including the EU\u2019s CSRD and the IFRS\u2019 ISSB standards requiring scope 3 disclosure.<\/p>\n\n\n\n<p>Sphera CEO and President Paul Marushka said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cSupplyShift has seen tremendous growth with its software solution that allows for direct communication with suppliers and customers and enables the seamless collection of their Scope 3 emissions data, which helps suppliers improve their supply chain ESG performance. As more regulations are passed that demand transparency, the SupplyShift solution will become indispensable in meeting global regulatory requirements and stakeholder expectations.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Founded in 2016, Sphera offers SaaS software, proprietary data and consulting services, helping organizations around the world to surface, manage, and mitigate ESG risk in the areas of Environment, Health, Safety &amp; Sustainability, Operational Risk Management and Product Stewardship. The company&nbsp;<a href=\"https:\/\/www.esgtoday.com\/blackstone-integrates-carbon-accounting-solutions-from-sphera-to-help-decarbonize-portfolio\/\">was acquired in 2021<\/a>&nbsp;by alternative investment manager Blackstone in a deal valuing Sphera at $1.4 billion.<\/p>\n\n\n\n<p>Eli Nagler, Senior Managing Director, and Kelly Wannop, Managing Director, at Blackstone, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cWe are excited to welcome SupplyShift to Sphera and continue investing in this company\u2019s innovative solutions. This planned acquisition supports our commitment to Sphera\u2019s accelerated growth and will bolster the company\u2019s supply chain capabilities for its customers moving forward.\u201d<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Blackstone-backed ESG performance and risk management software, data and services provider Sphera announced today the acquisition of supply chain sustainability software company SupplyShift, in a move aimed at enhancing its supply chain offering with expanded supplier mapping, scoring and traceability capabilities. Founded in 2012 by Climate Science and Environmental Economics PhDs Alex Gershenson and Jamie [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":14892,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[38],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sphera Acquires Supply Chain Sustainability Software Provider SupplyShift - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/sphera-acquires-supply-chain-sustainability-software-provider-supplyshift\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sphera Acquires Supply Chain Sustainability Software Provider SupplyShift - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Blackstone-backed ESG performance and risk management software, data and services provider Sphera announced today the acquisition of supply chain sustainability software company SupplyShift, in a move aimed at enhancing its supply chain offering with expanded supplier mapping, scoring and traceability capabilities. 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