Sidetrade Sets New Standards for Responsible AI and CSR Growth

Sidetrade Champions Responsible AI in 2024 CSR Report

In a rapidly evolving digital environment where AI capabilities surge, Sidetrade, a trailblazer in AI-enhanced cash flow management, reinforces its position as a leader in responsible innovation. The release of its 2024 Corporate Social Responsibility (CSR) Report signifies a dedicated commitment to sustainable practices, ethical governance, and inclusive expansion.

Milestones of Success: Growth Coupled with Sustainability

The 2024 report, crafted in line with the CSRD VSME framework, uncovers a compelling narrative within the tech sector: Sidetrade achieved an impressive revenue increase of 26% while simultaneously reducing its carbon footprint by 3.3%. This dual achievement illustrates Sidetrade's core objective: disentangling business growth from ecological detriment.

CEO Insights on Future Standards

“Cash is still the oxygen that fuels business growth. Yet, that growth must no longer come at any cost. We’ve established a new benchmark—one that aligns performance with purpose,” stated Olivier Novasque, CEO and founder of Sidetrade. “Our intelligent AI, Aimie, is designed to be productive, efficient, and impactful, contributing value to businesses while fostering operational excellence and societal benefits.”

Innovative Digital Sobriety Initiatives

In a remarkable initiative for 2024, Sidetrade introduced a pioneering digital sobriety program. The company boasts a 95.6% virtualization rate, operates data centers powered by renewable energy in both Europe and North America, and maintains an impressive Power Usage Effectiveness of 1.39—significantly lower than the EU average. This commitment is setting new standards within the Software as a Service (SaaS) industry.

Recognition and Achievements in CSR

Sidetrade has also excelled in non-financial accolades, earning a Platinum Medal from EthiFinance and a Silver Medal from EcoVadis, placing it among the elite 15% of rated companies across Europe. These recognitions affirm Sidetrade’s successful carbon reduction strategies and robust CSR governance, supported by a dedicated committee that reports directly to leadership.

Driving Ambition: Aiming for Excellence

“Excellence and ambition are the dual engines of our CSR journey,” remarked Philippe Gangneux, CFO and CSR Ambassador at Sidetrade. “Excellence ensures that we maintain discipline in our commitments, while ambition drives us to reach for new heights and create a lasting impact.”

Aligning with Global Goals

As a proactive member of the United Nations Global Compact, Sidetrade has intertwined its strategic objectives with 10 of the UN’s Sustainable Development Goals. These include climate action, workplace equity, ethical governance, and fostering digital resilience, creating a comprehensive framework for sustainable business practices.

Accessing the Detailed CSR Report

The complete Sidetrade 2024 CSR report, which includes comprehensive performance metrics, is accessible for interested stakeholders. This report serves as a testament to Sidetrade's ongoing commitment to transparency and accountability in its CSR endeavors.

Investor and Media Contact Information

For inquiries, media relations can reach out to Sidetrade: Christelle Dhrif at +33 6 10 46 72 00 or via email at cdhrif@sidetrade.com.

About Sidetrade

Sidetrade (Euronext Growth: ALBFR.PA) is an innovative SaaS provider reshaping cash flow management. With its advanced AI technology, Aimie, the company analyzes $7.2 trillion worth of daily B2B payment transactions within its cloud infrastructure. This allows Sidetrade to predict customer payment behaviors and assess the risks associated with 40 million buyers globally. Sidetrade’s international team, composed of over 400 skilled professionals, operates across Europe, the United States, and Canada, supporting businesses in more than 85 countries. Its esteemed clients include AGFA, BMW Financial Services, and Siemens.

Frequently Asked Questions

What is the purpose of Sidetrade's 2024 CSR report?

The report outlines Sidetrade's commitments to sustainable technology and ethical governance while showcasing its growth and carbon footprint reduction.

How did Sidetrade achieve its remarkable revenue growth?

Through innovative AI solutions and efficient cash flow management systems, Sidetrade successfully increased its revenue by 26%.

What notable recognition did Sidetrade receive for its CSR initiatives?

Sidetrade earned a Platinum Medal from EthiFinance and a Silver Medal from EcoVadis, reflecting its position among the top 15% of rated companies in Europe.

What goals has Sidetrade aligned with the United Nations?

Sidetrade has aligned its initiatives with 10 of the UN’s Sustainable Development Goals, focusing on climate action, ethical governance, and digital resilience.

Who can be contacted for investor relations at Sidetrade?

Investors can contact Christelle Dhrif at +33 6 10 46 72 00 or via email at cdhrif@sidetrade.com for inquiries.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

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