Tech Talks Daily2 Aug 2021

1674: Coupa - Environment, Social and Corporate Governance (ESG)

Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Coupa has a reputation for empowering companies around the world with the visibility and control they need to spend smarter and safer. But I wanted to learn more about how Coupa is helping businesses to use technology to make more ethical spending decisions.

Donna Wilczek, Coupa's SVP of Product Strategy and Innovation discusses the launch of eight new features that put Environment, Social and Corporate Governance (ESG) right at the forefront of crucial business investment and spending decisions – hopefully inspiring businesses to operate much more sustainably and with a far greater sense of social purpose in future.

Despite the tremendous pressure on businesses to implement and execute ESG initiatives, most struggle to get started, make programs actionable, and measure them. Coupa's technology is focused on helping businesses better manage their spending and achieve social impact goals, turning what is often rhetoric and intention into measurable actions.

Companies such as IKEA, AXA, Procter and Gamble, and Nike are all using Coupa's software to improve and measure their ESG initiatives. More than $2.6 trillion worth of business spending has passed through Coupa's platform, which shows the scale of how much money could be redirected to diverse and sustainable suppliers.

We discuss why technology is so important for companies looking to spend more ethically and the difference that spending more with ethical and diverse suppliers can make. I learn how Coupa's software works - and how companies use it to improve their sustainability and diversity efforts.

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