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OUR COMMITMENT TO SUSTAINABLE BUSINESS

We aim to foster environmental awareness and responsibility among our employees, customers and suppliers.

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. Through our product innovations, business activities, and pledge to our vision of Visible Commerce, we take every opportunity to support sustainable business.”
Klaus Andersen, CEO, Basware 

SUSTAINABILITY MADE SIMPLE – OUR PRODUCT INNOVATIONS

Basware is committed to creating the future of responsible and ethical trade for our customers through Visible Commerce and strive to carry these values into the way we operate globally.

We have innovated to help enterprises decrease their carbon footprint by providing a variety of sustainable solutions, such as e-Invoicing, procure-to-pay (P2P) automation and holistic digitization of organizations’ processes.  

SUSTAINABILITY MADE SIMPLE

Shrink Your Footprint with E-Invoicing

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.

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

Basware carbonfootprint

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:  

“While our solutions innately shrink an enterprize’s carbon footprint, we don’t stop there. We have innovated, like with our carbon footprint index, to create tracking mechanisms that allow customers to monitor the impact of their ‘green’ actions. Plus, we are exploring ways to enhance the visibility on sustainability to other areas within the whole value chain of the P2P process in the future.”

Alwin Schauer, Chief Revenue Office

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OUR BUSINESS ACTIVITIES

We’re continually seeking ways to reduce our company’s carbon footprint with actions such as improving the energy efficiency of our office locations, reducing business travel via collaborative technologies and online meeting tools, and considering renewable energy sources where feasible.

See our corporate environmental policy, which outlines how we account for environmental challenges in our business operations, for more information on our commitment to sustainability.

 

RECOGNITION OF SUSTAINABILITY LEADERSHIP

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OUR BUSINESS ACTIVITIES

We’re continually seeking ways to reduce our company’s carbon footprint with actions such as improving the energy efficiency of our office locations, reducing business travel via collaborative technologies and online meeting tools, and considering renewable energy sources where feasible.

See our corporate environmental policy, which outlines how we account for environmental challenges in our business operations, for more information on our commitment to sustainability.

 

RECOGNITION OF SUSTAINABILITY LEADERSHIP

SDCE Green Supply Chain Award

SDCE Green Supply Chain Award

Basware are proud to be a recipient of the Supply & Demand Chain Executive’s Green Supply Chain award for two consecutive years. The award recognizes providers of supply chain solutions and services assisting their customers in achieving measurable sustainability goals.

SDCE’s 2021 Green Supply Chain award specifically celebrates those in the industry that not only kept up green initiatives throughout a global pandemic and unprecedented disruptions, but also made them a priority.

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Carbon Disclosure Project Reporting

CDP drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Basware reports its carbon footprint annually via CDP’s international climate change questionnaire for listed companies.

In 2021, Basware received a “B” score, improving upon previous years ratings, progressing in areas including emission reduction initiatives, corporate governance and risk disclosure.

The “B” score is in the Management band, which is higher than the IT & software development sector average of “C” and on par with the Europe regional average.

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Carbon Disclosure Project Reporting
MSCI ESG Ratings

MSCI ESG Ratings

In 2021, Basware received a rating of ‘AA’ (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment. The rating ‘AA’ or above was only given to 25% of the companies in the Software and Services sector in 2021.

MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers. Learn more about MSCI ESG ratings here.

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EMPOWERING OUR PEOPLE

We have many processes and programs in place to support and activate our employees to help our planet and lessen our company’s carbon footprint.

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 six 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 11,974 trees have been planted in Uganda and India since 2016. In 2021 Basware’s donations were directed to an orchard in Saklana region, India.