With InvoiceNOW, corporate buyers can continuously incentivize the supply chain’s contribution to the implementation of ESG-concepts across entire supply chains. All aspects of Environmental, Social and Governance (ESG-) initiatives and requirements throughout the supply chain can be centrally measured and indexed.
This index will then be used to offer a quantifiable cash-based bonus for the supplier at no expense for the corporate buyer.
This bonus represents the buyer’s investment in ESG initiatives, and the respective supplier-invoices can be identified as “green”-invoices.
InvoiceNow can be used to encourage suppliers to engage in ESG-programs not only by indexing and incentivizing but also by showcasing successful models and sharing case-studies in the InvoiceNow
IMPLEMENTING ESG CONCEPTS ACROSS SUPPLY CHAIN