The Institute for Supply Management (ISM), the first and leading not-for-profit professional supply management organization worldwide, has announced a strategic alliance with Kloopify, a sustainability solution provider. This partnership is designed to empower procurement and supply chain managers with the ability to measure, manage, and reduce their environmental impact without sacrificing price, quality, or delivery.
Kloopify’s AI-driven platform meticulously assesses the environmental impact of each transaction, seamlessly 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. Leveraging vetted private, public, and Kloopify curated third-party data alongside universally recognized accounting standards like the Greenhouse Gas Protocol, Kloopify ensures the delivery of high-quality analyses and actionable insights.
ISM members receive a 30 percent discount on Kloopify’s subscription services to improve their supply chain’s sustainability performance and to operationalize sustainability. Built by and for procurement and supply chain practitioners, this tool provides visibility to sustainability impact data at the transaction level and tracks the overall progress of supplier sustainability. This alliance and exclusive offer for ISM’s members will enable a more proactive and strategic approach to sustainable sourcing.
Kloopify and ISM will partner on quarterly webinars on sustainability-related topics and contribute to sustainability content and education for the community. 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.
In addition to the Kloopify solution, ISM encourages organizations on a sustainability journey or those with specific goals to assess their talent and team leveraging ISM’s Sustainability Assessments. In tandem with Kloopify, these insights, along with ISM’s sustainability education, can empower procurement and supply chain teams with data-driven insights and resources.
This partnership underscores the importance of integrating technology with comprehensive training and robust processes, laying the groundwork for impactful reductions in environmental footprint. Together, ISM and Kloopify are not only driving sustainability forward, but also leveraging and unlocking the potential for sustainable procurement to become a revenue-generating opportunity for businesses worldwide.
