Chicago-based Sphera, a environmental, social and governance (ESG) performance and risk management software, data and consulting services provider, recently purchased California-based SupplyShift, a supply chain sustainability software company.
“SupplyShift has seen tremendous growth with its software solution that allows for direct communication with suppliers and customers and enables the seamless collection of their Scope 3 emissions data, which helps suppliers improve their supply chain ESG performance,” Paul Marushka, Sphera CEO and president, said. “As more regulations are passed that demand transparency, the SupplyShift solution will become indispensable in meeting global regulatory requirements and stakeholder expectations. Bringing SupplyShift’s portal into the Sphera family will expand our current offerings and enable us to provide unparalleled Scope 3 and ESG tracking and reporting capabilities. We are pleased to welcome SupplyShift’s customers, colleagues and solution to Sphera and look forward to helping our combined customer base accurately track and report their Scope 3 emissions and be compliant.”
SupplyShift has a supply chain network of more than 100,000 suppliers. In the network, buyers and suppliers share information quickly in order to manage risk and facilitate supplier regulatory compliance, provide supply chain transparency and supplier mapping at any tier, and data analytics, supplier scoring and traceability.