The accolade underscores how SpheraCloud Integrated Sustainability enables organizations to navigate the complex data collection, assessment and reporting responsibility for Scopes 1, 2 and 3
CHICAGO, IL (April 22, 2024) – Sphera, a leading global provider of environmental, social and governance (ESG) performance and risk management software, data and consulting services, today announced it has won a Top Product of the Year award for SpheraCloud Integrated Sustainability in the 2024 Environment + Energy Leader Awards, which celebrate the exceptional advancements made in the realms of environmental, sustainability and energy management.
With increased regulatory, investor and consumer pressures, transparency is paramount to the success of sustainability objectives. The rapidly evolving regulatory environment globally is especially challenging for companies, and businesses need to be able to stay on top of regulatory updates and manage compliance data across the enterprise. The SpheraCloud Integrated Sustainability platform goes beyond simple data collection and calculations, providing the tools that unlock supply chain transparency, drive meaningful sustainability progress and build stakeholder trust while managing compliance and regulatory reporting.
One judge commented that “data collection, analysis and integrity are central to Sphera’s whole proposition, and here it does not compromise.” Another judge added, “By automating data collection and analysis, companies can make informed decisions more swiftly, improving responsiveness to market dynamics and regulatory requirements. This agility is crucial in today’s fast-paced business environment, where efficiency and adaptability are key drivers of success.”
“We are honored to be recognized with a Top Product of the Year award from Environment + Energy Leader for our solution that provides an integrated approach to sustainability management,” said Paul Marushka, Sphera’s CEO and president. “As businesses work to achieve their sustainability goals and compliance with ever-changing regulatory requirements around the world, many struggle to connect disparate data throughout their organizations and their Scope 3 value chains. SpheraCloud Integrated Sustainability facilitates collaboration between executive leadership in various departments, including sustainability, product, supply chain and finance and allows stakeholders to leverage multiple, complementary data sources. This enables organizations to gain a complete picture of their emissions and efficiently produce measurable, actionable and auditable results across Scopes 1, 2 and 3.”
Scope 3 emissions are those that come from a company’s value chain. SpheraCloud Integrated Sustainability enables buyers and suppliers to collect data for Scope 3 emissions reporting and identify potential ESG risks. Sphera offers the only solution that provides access to the most comprehensive industry-based, annually updated life cycle assessment (LCA) database verified by DEKRA. Additionally, Sphera’s Managed LCA Content database allows access to third-party databases. With the solution, companies are able to quantify the environmental footprint of product portfolios in a fraction of the time it takes to conduct LCAs product by product.
Sphera’s SaaS-based platform features a responsive, configurable and intuitive cloud-based user interface and is built on proven best practices designed to empower companies in operationalizing compliance and sustainability throughout their organization. As one judge noted, “By leveraging Sphera’s Integrated Sustainability platform, companies have achieved significant cost savings, emissions reductions, streamlined processes and minimized risks, likely contributing to a safer, more sustainable and productive world.”
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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 (ORM), Product Stewardship and Supply Chain Risk Management (SCRM). For more than 30 years, we have served over 8,400 customers and a million-plus users in 95 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.
About the Environment + Energy Leader Awards
For well over a decade now, the Environment + Energy Leader Awards program has celebrated the exceptional advancements made in the realms of environmental, sustainability and energy management. The awards recognize those who contribute and set new standards in the industry, setting a high standard for others to follow. Winners of the awards are seen as Leaders in environmental initiatives and energy management, with their achievements serving as benchmarks for excellence across the globe.
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Amanda Meador / Alaina Caruso, pro-sphera@prosek.com