Coupa's 2024 ESG Report features the company's
sustainability multiplier effect and global Coupa Community
impact
FOSTER
CITY, Calif., July 30,
2024 /PRNewswire/ -- Coupa's commitment to
operating sustainably, equitably, and ethically is featured in its
2024 Environmental, Social, and Governance (ESG) Report, which
published today. Driven by a values-based culture dedicated to
serving people and communities around the globe, Coupa's ESG report
focuses on how the company's platform, principles, innovation, and
people & community create a better planet.
"Coupa is focused on becoming a generational company that
thrives as a global business and an exceptional place to work. Core
to that is embracing the responsibility we have to future
generations and serving the greater societal good, which our ESG
strategy ensures we do," said Leagh
Turner, Coupa CEO. "I extend my gratitude to every member of
the multiple teams that have been part of the work outlined in this
report. I'm grateful to the Coupa community who are partnering on
this journey with us. We're co-innovating new platform solutions
with our customers to improve margins while decreasing climate,
supply, and social risks, creating positive change across their
businesses and communities."
2024 ESG Report Highlights
- Platform Innovation that Drives Growth and
Sustainability: Coupa's AI-driven total spend management
platform incorporates ESG data into spend and supply decisions. We
added new ESG features that resulted in customers spending millions
of dollars with diverse suppliers; curtailing carbon emissions
through supply chain efficiencies; and complying with regulatory
requirements.
- Coupa helped Wawa, a national convenience store chain, create a
central database for supplier diversity. Wawa tracks and increases
diverse spend across all of its operations.
- Commitment to a More Sustainable Planet: Coupa is
reducing its environmental impact by pursuing climate targets that
were approved by the Science Based Targets initiative (SBTi) this
month. We are committed to mitigating climate impact and achieving
net zero by 2040 (FY 2041) by:
- Sourcing 100% renewable electricity annually
- Implementing energy efficiency projects across global
facilities to reduce Scope 1 & 2 emissions
- Collaborating with suppliers to reduce our Scope 3
emissions
- People, Community, and Societal Impact: Coupa supports
employees by fostering an environment of inclusion, equity, and
growth. We provide meaningful opportunities for mentorship,
learning, and connection; and volunteerism, philanthropy, and
strategic pro bono service. Project highlights include:
- We launched three new Employee Resource Groups (ERGs):
enCourage supports global veterans, active military members, and
their allies; Exceed serves Asian Pacific Islander (API) employees,
the API community, and allies; and ABLE supports the disabilities
and abilities community and allies.
- Coupa and Salesforce teams partnered together – dedicating
1,000 hours – to support nonprofits working toward environmental
justice.
- De-Risking Operations with Principles &
Ethics: Coupa applies strong governance practices across
our operations to ensure a safe, secure, and ethical work
environment.
- We launched a cross-functional AI Committee to educate and
support colleagues on AI ethics and implementation. The committee
created AI guidelines and is actively working to implement the
National Institute of Standards and Technology (NIST) AI Risk
Management Framework to ensure customer data protection.
View Coupa's 2024 ESG Report here.
About Coupa
Coupa makes margins multiply through its
community-generated AI and industry leading total spend management
platform for businesses large and small. Coupa AI is informed by
trillions of dollars of direct and indirect spend data across a
global network of 10M+ buyers and suppliers. We empower you with
the ability to predict, prescribe, and automate smarter, more
profitable business decisions to improve operating margins. Coupa
is the margin multiplier company™. Learn more at coupa.com and
follow us on LinkedIn and X (Twitter).
View original content to download
multimedia:https://www.prnewswire.com/news-releases/coupas-climate-targets-approved-by-the-science-based-targets-initiative-sbti-302209005.html
SOURCE Coupa Software