CDP’s Basware Climate Change Impact Score Again Beats the IT / Software Development Industry Average

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Basware (Nasdaq: BAS1V) is pleased to announce that it has received a “B” score, higher than its 2020 score, from CDP, a global non-profit organization that operates the world’s leading environmental disclosure platform. . Basware reports its carbon footprint each year via the CDP’s international questionnaire on climate change for listed companies. In 2021, Basware made good progress, particularly in emissions reduction initiatives, corporate governance and risk disclosure, relative to its peer group. The “B” score is in the management band, which is above the IT and software development sector average of “C” and on par with the European regional average.

“We live in a world in which we want to exist for our future generations, so it is absolutely imperative that we as a company do our part for sustainability, starting with our own workforce,” said said Klaus Andersen, CEO of Basware. “We are not only 100% committed to being transparent about our progress, but we are also constantly looking for ways to reduce our company’s carbon footprint with actions such as improving the energy efficiency of our offices; reduce business travel thanks to collaborative technologies and online meeting tools; and taking into account renewable energy sources where possible.

In 2020, Basware received a “B-” score, which was at management level, above the European regional average, as well as the IT and software development sector average, both of which had “C” scores. “. Basware also received the Supply & Demand Chain Executive Green Award in 2020, which recognizes providers of supply chain solutions and services that help their customers achieve measurable sustainability goals. And Basware has a Corporate Environmental Policy, which describes how it considers environmental challenges in its business operations.

“The scientific consensus on the need for urgent action on climate change has never been clearer. And this decade’s ambition will determine how well we can protect our natural resources and avoid the worst effects of global climate change. As politicians and businesses continue to develop strategies for environmental protection and a low carbon transition, the availability of reliable and comparable data will remain of vital importance. By disclosing to CDP in 2021, Basware has demonstrated its commitment to corporate environmental transparency and has made a significant contribution to an economy that works for both people and the planet, ”commented David Lammers, Deputy Director of Corporate Engagement, CDP Europe.

CDP urges companies and governments to reduce their greenhouse gas emissions, conserve water resources and protect forests. More than 13,000 companies representing more than 64% of the global market capitalization disclosed environmental data through the CDP in 2021. This is in addition to the more than 1,100 cities, states and regions that have disclosed, making the platform CDP’s one of the world’s richest sources of information on how businesses and governments are driving environmental change.

To learn more about Basware’s commitment to sustainability, click here.

About Basware:

Basware is the only e-invoicing and procurement solutions provider that gives businesses 100% visibility into spend through 100% vendor connectivity and 100% data capture. Our cloud-based technology enables organizations to fully manage their expenses, mitigate financial risks and reduce operating costs through automation. With the world’s largest open commerce network and an open technology ecosystem, we are uniquely positioned to deliver the solution required for Visible Commerce, which provides customers with full transparency on all flows of money, goods and services across the world. A global company, Basware has offices in 14 countries and is listed on the Helsinki Stock Exchange (BAS1V: HE).


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