Coupa, the leading AI platform for total spend management, has officially published the results from its annual FY25 Sustainability Report, which was structured to showcase the company’s commitment towards building more resilient and purpose-driven organizations.
Going by the available details, this particular report effectively highlights how customers are using Coupa’s leading AI total spend management platform to deliver on their own sustainability goals, while simultaneously unlocking procurement and supplier efficiency, mitigating risks, decreasing carbon emissions, as well as ensuring compliance and long term business resiliency.
For better understanding, Coupa’s platform has made a name for itself by scaling resiliency and driving growth, improving margins, advancing sustainability, and ensuring compliance. The platform, in essence, leverages proprietary, community-generated data from customers, suppliers, and partners to surface sustainability data into the spend and supply visibility workflow.
As a result, businesses can use the AI-driven platform to reduce environmental impacts, support supplier diversity, increase supply chain transparency, and stay compliant.
Talk about some of the business Coupa has aided in its sustainability drive, the list includes Tetra Pak, a multinational food processing and packaging company which is using Coupa to reduce supplier risk, manage logistics categories, and meet its goal to be net zero by 2050.
Next up, there is Saint-Gobain, a global manufacturer, who leverages Coupa to analyze routes across various business units and optimize transportation, reducing emissions by 40-60% across several of its brands.
Another company worth a mention would be Mastercard, who banks upon Coupa to pursue achieve its net zero goals by 2040, improve ESG data collection to better identify suppliers in scope, enhance supplier onboarding, and capture sustainability data with RFP modules.
“At Mastercard, environment and social impact are core to our business. With the right data and technologies, we are able to more effectively manage greenhouse gas emissions that come from our supply chain. We aim to build a transparent, resilient supply base that supports our mission to create a sustainable autonomy where everyone can prosper,” said Ryan Loock, Mastercard Vice President, Global Supply Chain Management.
Among other things, it ought to be acknowledged that Coupa has spent, over the past one year, 54,000+ hours on professional development. Furthermore, the company has launched Todos, a new employee resource group (ERG) to support Latinx and Latino communities.
Not just that, it also launched, the ERG Leadership Academy to align leaders on strategy, enhance collaboration, and strengthen impact.
Moving on, the company markedly expanded its core values to include “Cultivate Belonging,” ensuring employee voices are heard and valued.
Coupa even conducted its first climate risk scenario analysis in line with the framework established by the Task Force on Climate-related Financial Disclosures (TCFD). You see, rge company would go on to decrease energy use through renewable electricity and automatic power management across global office, and in case that wasn’t enough, it also clocked an estimated 21% decrease in Scope 3 emissions intensity year-over-year.
To go along with that, Coupa had its employees volunteer for more than 3,500 hours with 850 organizations, such as Dublin Society for Prevention of Cruelty to Animals, SuitUp, Change Please Foundation and more.
The company’s workforce would even run or cycle fo 3,500+ miles as a part of ,the Coupa Challenge, raising donations to Guide Dogs for the Blind, the American Red Cross, and World Vision.
Founded in 2006, Coupa’s rise up the ranks stems from packaging autonomous AI agents, a network of 10M+ buyers and suppliers, and leading apps together on one unified platform to seamlessly automate the buying process and connect with customers in a whole new way. The company even enjoys a trusted, community-generated, $8 trillion dataset.
“We have always believed that business can and should be a force for good. We want global trade to be fairer, more effective, and more sustainable. This belief shaped our vision nineteen years ago when we asked customers to share their data with us, leading to responsible, community-generated stewardship of their data that informs our AI and helps organizations around the globe become more efficient, productive, and sustainable,” said Leagh Turner, CEO of Coupa. “Looking ahead, our commitment is clear: we will continue to work hand-in-hand with our entire Community of employees, customers, partners, and suppliers.”
