Kloopify and ISM Announce Strategic Partnership to Unlock Sustainable Procurement
The Institute for Supply Management, the leading global supply management organization, has announced a strategic partnership with Pittsburgh-based Kloopify, a trailblazer in sustainable procurement solutions. This collaboration aims to revolutionize how businesses measure and manage their environmental impact, enhancing sustainability across supply chains.
Kloopify's AI-driven platform assesses the environmental impact of each transaction in the supply chain, integrating data specific to materials and suppliers. This enables a thorough and traceable analysis for global supply chains at a product, SKU, and service level, aligning with Scope 2 and 3 greenhouse gas (GHG) emissions tracking.
According to ISM's 2024 Sustainability Research report, 40 percent of organizations have sustainability tied to their company's performance goals. Thought leadership as well as execution of sustainability measures is led by supply chain teams. However, the report notes that only 33 percent are collecting and reporting Scope 1, 2 and 3 GHG data by the end of 2024. This data gap is a notable pain point and need, particularly for organizations impacted by global sustainability regulations.
"This partnership is pivotal in advancing sustainable procurement practices on a global scale. ISM's commitment to education and providing a solid foundation aligns perfectly with our mission to make sustainable procurement scalable. We firmly believe that technology, when combined with the right processes, training, and systems, yields tangible results," said Kloopify Founder/CEO, Daniela Osio.
The alliance features a 10-city roadshow across the United States with workshops hosted by key accounts in each city, bringing together supply chain and sustainability leaders to have hands-on experiences using Kloopify's technology. In addition to the roadshow, ISM members will benefit from substantial discounts on Kloopify's subscription services and a series of educational initiatives, including quarterly webinars and sustainability-focused content.
This partnership underscores the importance of integrating technology with comprehensive training and robust processes, laying the groundwork for impactful reductions in environmental footprint," said Osio. "Together, we are not only driving sustainability forward, leveraging and unlocking the potential for sustainable procurement to become a revenue-generating opportunity for businesses worldwide."
The strategic alliance between ISM and Kloopify marks a significant step forward in the integration of sustainability into core procurement processes. For supply chain and sustainability leaders, particularly those at innovative companies, this partnership offers essential tools and insights for achieving environmental objectives while driving business value.
To learn more about ISM’s alliance with Kloopify, visit ismworld.org/lp/kloopify.