Supply chain start-up in the spotlight: Worldfavor

Worldfavor accelerates sustainability by offering a global platform for sharing and evaluating corporate sustainability information.

For sustainability management purposes, the solution offers a wide selection of established guidelines and standards on sustainability, compliance and related areas, such as GRI, Global Compact, Sustainable Development Goals and several ISO standards. It also allows organizations to assess stakeholders according to their own guidelines. This helps businesses to avoid manual spreadsheets and cumbersome legacy software, thus improving the transparency and efficiency of sustainability evaluation and reporting.

The platform includes solutions for sustainability management, sustainable business investments, sustainable sourcing and reporting of sustainability and compliance data. The start-up has also launched Worldfavor Sustainability Insights – a free tool that provides insights on the most reported sustainability areas in a particular industry. As well as being user-friendly and non-complex, making it easy to get started with Worldfavor, the platform is scalable as the user’s sustainability practice advances.

Worldfavor platform used in 60 countries

Worldfavor was founded in Stockholm, Sweden, in 2016, and has since evolved into an international team of entrepreneurs, sustainable business and sustainability reporting specialists, system architects, user experience experts and business leaders. 55 key customers and around 30,000 unique companies are already using the platform in 60 countries, mainly in the target markets of food & beverage, indirect services, fashion & textile, manufacturing and finance.

Worldfavor has been awarded several grants and prizes, such as coming third out of 200 in the SpeedUp Europe award for the most innovative tech companies, and is included on the Norrsken Impact 100 list of best Nordic start-ups.

Interested in start-ups? Come to inNOWvate this May, meet start-ups face to face and help decide who wins the supply chain start-up contest! Buy your ticket here.