JAGGAER's ESG Impact Report: Strides in Sustainability and Engagement

JAGGAER's Commitment to Environmental and Social Governance

JAGGAER, a leading name in enterprise procurement, has recently unveiled its third Environmental, Social, and Corporate Governance (ESG) Impact Report for the year. As a global leader in supplier collaboration and procurement automation, JAGGAER is at the forefront of helping businesses streamline complex processes while achieving their ESG goals. The company embeds these essential principles into its software solutions, promoting better practices among its customers and stakeholders.

CEO's Vision for Enhanced ESG Practices

In his introduction to the report, CEO Andy Hovancik expressed his enthusiasm for being a catalyst in driving positive business outcomes alongside JAGGAER's global clients. He shared insights about how the latest ESG Impact Report not only highlights the improvements made but also emphasizes the company’s commitment to fostering an inclusive environment for its workforce and setting ambitious environmental targets for the coming years.

Hovancik also pointed out the critical role technology plays in nurturing positive impacts on the environment and society. The transparency it brings to supply chains helps customers enhance the governance of their operations, ensuring they meet evolving sustainability benchmarks.

External Recognition of Sustainability Efforts

In 2023, JAGGAER received external validation from EcoVadis, a prestigious corporate sustainability rating agency. The company was awarded a Silver Medal for its sustainability efforts, placing it in the top 9% of its industry. Such acknowledgment not only enhances JAGGAER's reputation but also shines a light on its commitment to responsible business practices.

Environmental Goals and Achievements

One of the highlights of JAGGAER's ESG report is its progress toward its Plan Zero emissions targets, which have been thoroughly verified through the Science Based Target initiative (SBTi). Notably, the company has achieved a significant 28% reduction in Scope 1 and Scope 2 emissions since 2021. A remarkable aspect is the reduction in Scope 3 emissions, which make up 92% of the total emissions. This decrease has been aided by shifting JAGGAER services to a third-party cloud hosting provider, enhancing operational efficiencies and reducing carbon footprints.

Social Impact and Community Engagement

The ESG Impact Report isn't just about numbers; it also sheds light on JAGGAER's ongoing community engagement and employee development initiatives. Each JAGGAER team member is encouraged to spend two paid days annually volunteering, fostering a spirit of giving back. The uptake of this initiative skyrocketed by 156% this year, resulting in over 300 hours dedicated to various local community projects.

JAGGAER is also proactive in promoting employee well-being, having embraced numerous initiatives that enhance organizational culture. This commitment has been recognized with the title of a Gallagher Best-in-Class Employer for 2023 in North America, further validating the company’s efforts in diversity, equity, and inclusion (DEI). Women now represent 42% of JAGGAER's global workforce and 43% of the Executive Leadership Team, showing remarkable growth from the previous year.

Governance Structures and Future Directions

In 2023, JAGGAER made significant strides in fortifying its governance structures. CFO and ESG Sponsor, Jeff Laborde, noted his active collaboration with the Executive Leadership Team alongside the ESG Task Force. This collective effort aims to address ESG issues holistically, adapting swiftly to the changing business environment, customer demands, and regulatory frameworks.

With Information Security and Data Privacy being paramount for JAGGAER, transparency surrounding these best practices remains a priority. The 2023 ESG report highlights the company's numerous Security and Compliance Certifications and Assurance, underscoring a strong commitment to mandatory compliance training and other connected objectives.

Adapting to Future Trends

As the landscape of technology evolves, so do the practices at JAGGAER. The rise of artificial intelligence necessitated an update in security policies, prompting the company to define responsible AI use aligned with the NIST AI Risk Management Framework. JAGGAER’s team is closely observing regulatory developments, embracing innovative approaches to ensure both productivity and responsibility in this new frontier. The proactive stance taken by JAGGAER reflects a top-down approach to integrating responsible AI use into its Information Security Policy, further enhancing its governance.

About JAGGAER

JAGGAER continues to lead the way in enterprise procurement by facilitating robust supplier collaboration methods aimed at optimizing decision-making processes for businesses. With a plethora of AI-powered, industry-specific solutions designed to cater to diverse organizational needs, JAGGAER One serves as a vital resource for both direct and indirect sourcing. With a dedicated team of 1,200 employees, JAGGAER is focused on helping organizations maximize value, transform operations, and accelerate their journey toward Autonomous Commerce.

Frequently Asked Questions

What is the purpose of JAGGAER's ESG Impact Report?

The ESG Impact Report is released to inform stakeholders about the company's advancements in environmental, social, and governance practices, showcasing its commitment to sustainable operations.

What achievements did JAGGAER highlight in its environmental section?

JAGGAER reported a 28% reduction in Scope 1 and 2 emissions, and significant improvements in Scope 3 emissions through its migration to a cloud hosting service.

How does JAGGAER support its employees in community service?

The company provides employees with two paid volunteering days each year, encouraging an increase in community engagement.

What recognition did JAGGAER receive in 2023?

JAGGAER was awarded a Silver Medal by EcoVadis for its sustainability efforts, placing it among the top companies in its industry for responsible practices.

What initiatives does JAGGAER undertake for employee well-being?

JAGGAER has implemented various global initiatives and was named a Gallagher Best-in-Class Employer, reflecting its investment in a positive organizational culture and diversity efforts.

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