Log in

Basware helps its customers reduce their carbon footprint

Monday 29th April, 2024

Basware has released its first Sustainability Report, outlining how it is helping customers reduce their carbon footprint and embrace sustainable practices.

With incoming regulations anticipated from the European Sustainability Reporting Standards (ESRS) and the SEC in the US, ESG has become a critical priority for finance teams worldwide. A survey with Forrester found that 90% of accounts payable (AP) decision-makers in the EU and 74% in the US are considering enhancing their ESG footprint as a top priority over the next two years.

Basware’s Touchless Invoice Processing dashboard helps customers identify and remove manual touchpoints in the invoice process, enabling them to save on the human resources required and CO2 emissions associated with legacy manual processes.

Basware Analytics includes an Invoice Carbon Footprint Index Dashboard to empower customers to further reduce their emissions. This tool calculates CO2 emission savings, as well as the number of trees and water saved by switching to electronic invoices rather than paper.

Basware is also driving its own sustainability initiatives, with 47% of the company’s offices currently using renewable energy. Basware has launched a series of learning and development programs for staff, implemented a comprehensive DEI&B framework, and participated in global charity schemes.

Jane Broberg, Chief HR Officer at Basware, commented on the launch of Basware’s first Sustainability report: "ESG is a top priority at Basware. Our first sustainability report holds us accountable for our ESG strategies and ensures that we make progress towards collective climate goals, social responsibility targets, and governance policies. Our actions impact the wider industry, and it's crucial to be transparent with our customers, partners, and prospects. As regulation around tax laws also increase, Basware is committed to being a leader in global e-invoicing, addressing compliance at both the global and local levels for its customers."

As e-invoicing mandates also drive urgency, countries worldwide are realizing the benefits of digital invoicing, not only for sustainability but also for fraud prevention and compliance with tax and trade laws.

In 2023, Basware was awarded a Silver Medal for its ESG efforts by independent regulator EcoVadis, placing its sustainability management system among the top 25% of assessed companies.

Please fill in the form below to access our exclusive Focus Week videos

Please fill in the form below to access our exclusive Focus Week videos

Please fill in the form below to access our exclusive Focus Week videos

Please fill in the form below to access our exclusive Focus Week videos

Please fill in the form below to access our exclusive Focus Week videos

Avalara

Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, eCommerce and other financial management system providers, Avalara delivers cloudbased compliance solutions for various transactional taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Canada, the U.K., Belgium, Brazil, and India.