Chicago-based Sphera, a provider of environmental, social, and governance (ESG) performance and risk management software, data, and consulting services, has recently acquired California-based SupplyShift, a supply chain sustainability software company. This acquisition is set to bolster Sphera’s capabilities in ESG tracking and reporting. Paul Marushka, CEO and President of Sphera, commented on the acquisition, noting the significant growth of SupplyShift and its software solutions. These solutions facilitate direct communication with suppliers and customers, allowing for the efficient collection of Scope 3 emissions data.
This data collection is crucial for suppliers looking to enhance their supply chain ESG performance. Marushka emphasized that as regulatory demands for transparency increase, SupplyShift’s software will become essential for meeting global regulatory requirements and stakeholder expectations. The integration of SupplyShift into Sphera is expected to expand Sphera’s existing offerings, providing improved capabilities for Scope 3 and ESG tracking and reporting. Marushka expressed enthusiasm for welcoming SupplyShift’s customers, colleagues, and solutions into the Sphera family.
He highlighted the goal of assisting the combined customer base in accurately tracking and reporting Scope 3 emissions and ensuring compliance with relevant regulations. SupplyShift boasts a network of over 100,000 suppliers, wherein buyers and suppliers can swiftly exchange information. This network is designed to manage risk effectively, facilitate supplier regulatory compliance, and provide supply chain transparency. It also offers services such as supplier mapping at any tier, data analytics, supplier scoring, and traceability. This acquisition marks a significant step in Sphera’s efforts to enhance its supply chain sustainability and ESG offerings.
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