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ONE STEP FORWARD… MANY FOOTSTEPS BACK

Basware is committed to minimizing the environmental impacts of our activities worldwide. We aim to foster environmental awareness and responsibility among our employees, customers and suppliers. We have a corporate environmental policy, which outlines how we account for environmental challenges in our business operations.

“Basware is committed to playing a part in helping protect our environment now and for our future generations,” states Klaus Andersen, CEO, Basware.

SUSTAINABILITY MADE SIMPLE

The environmental impact of invoicing is often overlooked. But the sad truth is when paper reaches the end of its life cycle, it is sent to a landfill or incinerated, thus producing greenhouse gases like carbon dioxide (CO2) as it breaks down. When we, as a society, produce and dispose of these paper products at a faster pace than the plants and trees can consume the CO2, we create an overabundance of CO2 in our atmosphere.

Basware carbonfootprint

And the disproportionate amount of energy required to produce these invoices equals the annual energy consumption of 20 million households.

Shrink Your Footprint with E-Invoicing

Basware solves this issue with automation via its Basware electronic procure-to-pay (P2P) services. By adopting electronic invoicing (e-invoicing), you can not only reduce the amount of paper used within your organization, but also reinforce your green credentials by reducing CO2 emissions. This means we make it easier for you to quit paper, automate more of your process, and adhere to sustainable business practices.  

Make it Easy to Be Sustainable

Plus, we are committed to continually evaluating ways to help our customers adopt sustainability practices. As such, in 2020, we introduced an invoice carbon footprint index to our industry-leading Analytics solution. 

Using the CO2 dashboard, you can follow the development of your total emissions over time and benchmark your index against peer companies. You can also track the improvement of CO2 emissions per month as you onboard more suppliers to e-invoicing

“By presenting the environmental impact, in addition to efficiency and savings when they develop their procurement and finance processes, users have a constant and visible reminder of how even our small actions add up to big savings.”

Track Suppliers’ Sustainability

Automation also unlocks Visible Commerce, allowing your business to be more environmentally sustainable. How? Because your finance and procurement professionals will gain the visibility needed to make informed decisions about who you do business with based on the impact they have on the environment and society. Track suppliers' credentials on greenhouse gas emissions, use of conflict minerals, water conservation, and many other metrics.

Start Making a Difference

Learn about the ways you can feasibly send and receive electronic invoices to reduce your CO2 emissions here: 

RECOGNITION OF SUSTAINABILITY LEADERSHIP

SDCE Green Supply Chain

SDCE Green Supply Chain

2020 recipient of the SDCE award which recognizes providers of supply chain solutions and services assisting their customers in achieving measurable sustainability goals.

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Carbon Disclosure Project

Carbon Disclosure Project

Basware reports its carbon footprint annually via CDP’s international climate change questionnaire for listed companies, receiving a B- score which is above average in our sector.

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MSCI ESG Ratings

MSCI ESG Ratings

In 2020, Basware received a rating of ‘AA’ in the MSCI ESG Ratings assessment, a score of which is only given to 21% of the leading companies in the Software and Services sector.

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Proudly supporting Earth Day Network’s Canopy Project

Proudly supporting Earth Day Network’s Canopy Project

Basware has sponsored Earth Day Network’s Canopy Project - a global reforestation program for five consecutive years as part of its annual employee engagement survey. As a thank you for each of the Basware employees responding to the survey, a total of 9,496 trees have been planted in Uganda and India since 2016. In 2020 Basware’s donations were directed to an orchard in Saklana region, India.