Through its successful circular business model project for Lorenz Meters, Sphera was awarded a Verdantix Innovation Excellence Award
CHICAGO, IL (March 24, 2022) – Sphera®, a leading global provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services, today announced that the company and its customer, Lorenz Meters, were recipients of a 2022 Innovation Excellence Award at the Verdantix Innovating for Sustainable Operations virtual summit.
The award recognizes outstanding achievements in Environment, Health and Safety (EHS), ESG, sustainability and operations with winners selected by an independent panel of judges. Lorenz Meters won in the Circular Economy Tech Enablement category for their circular business model project that utilized a life cycle assessment (LCA) performed by Sphera’s Sustainability Consulting team.
Lorenz Meters partnered with Sphera to perform comparative life cycle assessments (LCA) of new and remanufactured water meters. As a result of the LCA developed by Sphera’s Sustainability Consulting team, Lorenz Meters was able to demonstrate clear environmental and economic benefits of its business model based on fact-based, data-driven LCA and life cycle costing (LCC) results.
“We were pleased to partner with Lorenz Meters and are excited that their efforts building a data-driven business model that ultimately resulted in a lower carbon footprint and reduced costs have been recognized,” said Paul Marushka, Sphera’s CEO and president. “With ever-growing importance and scrutiny being placed on sustainability efforts and carbon accounting, we are proud of the commitment Lorenz Meters made to this project and of the contributions of our sustainability consulting team. Enabling our customers to make better-informed decisions is crucial to supporting our mission of creating a safer, more sustainable and productive world.”
Sphera’s customer ista was shortlisted in the ESG Metrics and Reporting category. Ista partnered with Sphera to implement SpheraCloud Corporate Sustainability software. This project enabled ista to collect sustainability data from all sites worldwide in a more efficient, accurate and verifiable way.
As a result of these projects, both Lorenz Meters and ista were able to advance the ESG performance of their organizations by enhancing their brands and providing data-driven proofs of the environmental benefits of their product solutions and service. Additionally, these projects paved the way for both Lorenz Meters and ista to further develop and improve their sustainable business models.
Sphera’s vision for all businesses to view ESG and sustainability strategies as not just a compliance exercise, but as a tool for innovation, is bolstered by its strategic partnerships with Lorenz Meters and ista. Sphera previously received the smart innovators badge for corporate ESG and sustainability software in the Verdantix “Smart Innovators: Corporate ESG & Sustainability Software” report and was recognized as a leader in EHS software in the Verdantix “EHS Software Benchmark: Environment and Sustainability Management” report, which supports Sphera’s effectiveness at helping companies be a catalyst for positive action.
David Metcalfe, CEO at Verdantix said, “The Verdantix Innovation Excellence Awards celebrate technology pioneers that define best practices through applied innovation. By providing a platform that recognizes their hard work, we hope to share successes that can be adopted by other organizations seeking to enhance their EHS, Sustainability and Operations strategies to deliver superior results. The partnership between Sphera and their customers Lorenz Meters and ista are clear demonstrations of robust applications of innovative technologies.”
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About Sphera
Sphera is the leading provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services focusing on Environment, Health, Safety & Sustainability (EHS&S), Operational Risk Management and Product Stewardship. For more than 30 years, we have served over 3,000 customers and a million-plus users in 80 countries to help companies keep their people safe, their products sustainable and their operations productive.
Learn more about Sphera at www.sphera.com. Follow Sphera on LinkedIn.
For media inquiries, please contact:
Denise Jones, Marketing Communications Manager, Sphera, djones@sphera.com