Green Quadrant: Supply Chain Sustainability Software 2024

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Executive Summary

This report provides a detailed, fact-based comparison of the 15 most prominent supply chain sustainability software vendors in the market. Based on the proprietary Verdantix Green Quadrant methodology, our analysis encompassed two-hour live briefings, desktop research and vendor responses to a 54-point questionnaire, covering nine categories of capabilities and 14 categories of market momentum. Although different components of supply chain sustainability software have been on the market for over 15 years, Verdantix analysis finds that the level of customer demand and the number of vendor solutions that serve firms’ supply chain sustainability needs have both grown substantially over the last three years. This is largely due to heightened regulatory obligations and increased exposure to environmental, social and governance risks, resulting in new use cases and better functionality to improve the transparency of firms’ ESG performance and impact in the supply chain. Among the software vendors featured in this Green Quadrant, 10 firms – Achilles, Avetta, Assent, Benchmark Gensuite, EcoVadis, EiQ by LRQA, IntegrityNext, QIMA, Sedex and Sphera – demonstrated the most advanced supply chain sustainability software capabilities.  

Table of contents

Summary for decision-makers
State of the supply chain sustainability software market

Supply chain sustainability software is its own distinct category
Supply chain risk and pressing regulations drive a competitive market
Green Quadrant for supply chain sustainability software 2024
Green Quadrant methodology
Evaluated firms and selection criteria
Evaluation criteria
3E Overview
Analyst insight: 3E supports firms’ compliance with supply chain product sustainability obligations
Achilles overview
Analyst insight: Achilles offers AI-enabled supplier risk intelligence tools and on-site verification
Assent overview
Analyst insight: Assent helps manufacturers satisfy and de-risk supply chain sustainability regulatory obligations
Avetta overview
Analyst insight: Avetta offers configurable ESG performance assessment based on supplier attributes
Benchmark Gensuite overview
Analyst insight: Benchmark Gensuite facilitates the integration of ESG factors into supply chain performance
EcoVadis overview
Analyst insight: EcoVadis promotes industry benchmarking of suppliers’ ESG risk and performance
EiQ by LRQA overview
Analyst insight: EiQ by LRQA offers supplier due diligence solutions for mandated ESG regulations and ESG risk management
Ethixbase360 overview
Analyst insight: Ethixbase360 assesses suppliers’ ESG performance for regulated due diligence obligations
IBM overview
Analyst insight: IBM offers granular environmental impact data throughout the supplier network
IntegrityNext overview
Analyst insight: IntegrityNext supports firms’ ESG risk and performance management
iPoint-systems overview
Analyst insight: iPoint-systems assist with product and sustainability performance and compliance across the supply chain network
Position Green overview
Analyst insight: Position Green offers a suite of ESG software to support supply chain sustainability compliance
QIMA overview
Analyst insight: QIMA provides supplier network analysis to complement its on-site testing and certification
Sedex overview
Analyst insight: Sedex helps firms elevate suppliers’ sustainability practices into supply chain processes
Sphera overview
Analyst insight: Sphera adopts a holistic approach to supply chain ESG risk and performance management
 

Table of figures

Figure 1. Example investments and M&As in supply chain sustainability software 2022-2024
Figure 2. Capabilities criteria for supply chain sustainability software
Figure 3. Momentum criteria for supply chain sustainability software
Figure 4. Vendor category scores: capabilities
Figure 5. Vendor category scores: momentum
Figure 6. Green Quadrant for supply chain sustainability software 2024

Organisations mentioned

3E, Accenture, Achilles, ADM, aDolus Technology, Amazon, American Tile Distributors (ATD), Amphenol, Arc Infrastructure, Arcadis, Assent, Astorg, Avetta, Benchmark Gensuite, BeyondNetZero, Blackstone, BlueNode, Boeing, Bridgepoint, CaixaBank, Capgemini, Caterpillar, CDP, CDPQ (Caisse de dépôt et placement du Québec), Celonis, CGE partners, ChainPoint, Circular, Circularity Capital, Cloverly, Cognizant, Creandum, Cushman & Wakefield, Deloitte, Dometic, DuPont, E14 Fund, Eclipse, EcoVadis, EiQ, ELEVATE, E-Merge tech, Energize Ventures, Envizi, EQT Group, ERM, Ethical Trading Initiative (ETI), Ethixbase360, Everstream Analytics, Excitec, Fair Factories Clearinghouse (FFC), Farmer Connect, Financial Crime Compliance (Exiger), Foodsteps, Foresight Group, General Electric, Getinge, GRI (Global Reporting Initiative), GRO Capital, Halliburton, HCLTech, Hedosophia, Highland Europe, Hitachi, Honda, IBM, Ideagen, IntegrityNext, International Living Future Institute (ILFI), International Organization for Standardization (ISO), iPoint-systems, Johnson & Johnson, Kavida, Keppel, Klinkby Enge, Kohler, KPMG, Kroger, L’Oréal, LDC (Lloyds Development Capital), Lightsource bp, Logitech, LRQA, LSEG, Maniv, Metro, Morgan Stanley, MSCI, Norton Rose Fulbright, Norvestor, Nuveen, Onepak, Oritain, Oxygea, Pacific National, Partech, PEFC (Programme for the Endorsement of Forest Certification), Position Green, Prewave, Puma, PwC, QIMA, Ramboll, RBA, Reckitt, Registrar Corp, Retraced, riskmethods, Saint-Gobain, SAP, Science Based Targets initiative (SBTi), Sedex, SHEIN, Siemens, Simple Mills, Skanska, Source Intelligence, Sourcemap, Sphera, SupplyShift, SustainX, Swiss Re, Takeda Pharmaceuticals, Tata Consultancy Services, Tcompliance (formerly TRACE), Tele2, Tesco, Thyssenkrupp, Tiffany & Co., Toxnot, TRILUX, TrusTrace, Ulula, Unilever, US Department of Energy, Vista Equity Partners, Walmart, Westcon-Comstor, Whirlpool, Woolworths Group, Workiva, Worldly

About the authors

Elisa Molero

Industry Analyst
Elisa Molero is an Industry Analyst in the Verdantix ESG & Sustainability practice. Her current research agenda focuses on emerging solutions and global market trends around supply chain sustainability. Her background is in Economics, Leadership and Governance (BSc, University of Navarra). Prior to joining Verdantix, Elisa worked as a research analyst at the Centre For Economic Performance at the London School of Economics, where she completed a Master’s degree in Global Politics, with Distinction.

Guy Lewis

Industry Analyst
Guy is an Industry Analyst in the Verdantix ESG & Sustainability practice. He currently leads research on circular economy software and services and supports research across several other ESG and sustainability themes. Prior to joining Verdantix, Guy was an energy specialist helping to optimize member experience, through which he gained knowledge of both operations and smart technologies. Guy holds a BA in Geography from the University of Manchester, with a placement year at the University of Queensland.

Kim Knickle

Research Director, ESG & Sustainability
Kimberly Knickle is Research Director of the ESG & Sustainability practice at Verdantix. Her research areas encompass ESG regulations and reporting, ESG risk, supply chain sustainability, circular economy, social impact, and sustainable finance. Kim has worked for more than 20 years in the IT industry, providing research and analysis to help companies invest wisely in new technologies. Before joining the analyst industry, she held various roles in IT services, engineering and product safety testing, beginning her career at Underwriters Laboratories, Inc. Kim holds an MBA from Boston University and a BS in Electrical Engineering from Cornell.

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