Taulia Introduces ESG Component to Its Supply Chain Finance Program With Henkel

Taulia, a number one working capital administration options supplier, and Henkel, the German adhesives and shopper items large, have right now introduced the profitable integration of sustainability standards into the biggest section of Henkel’s provide chain finance program.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/news/home/20221020005070/en/

The Supply Chain Finance program, which the 2 corporations have been working since 2015, will now present versatile financing choices to Henkel’s suppliers with preferential charges relying on suppliers’ ESG scores. By enhancing their ESG ranking, suppliers can additional cut back financing prices within the provide chain. This program underscores Henkel’s goal to obtain 100 million tons of CO2 reductions along with prospects, shoppers, and suppliers between 2016 and 2025.

The program is supported by Taulia’s tech answer to enable scale. Taulia’s multi-funder mannequin allows companies to entry an ecosystem of monetary establishments, which embrace UniCredit and ING offering them with flexibility and a approach to mitigate danger by diversifying funding sources. Furthermore, the mixing of ESG scores will enable many extra corporations to notice their ESG objectives, whereas sustaining the welfare of their provide chain.

Cedric Bru, CEO, Taulia mentioned: “This project marks an important milestone in establishing transparency around sustainability in supply chains. Together with Henkel, Taulia will deliver a program that makes liquidity available to eligible suppliers in the supply chain and incentivize suppliers to minimize the impact they have on the environment.”

Marco Swoboda, CFO, Henkel, mentioned: “Henkel considers itself a pioneer in the field of sustainability which is an essential part of our strategic agenda for purposeful growth. Sustainability has become a key criterion of successful supply chains nowadays. Turning our Supply Chain Finance program with Taulia sustainable marks another step in this direction.”

Ulrich Borgstädt, Head of Group Treasury, Henkel, mentioned: “Already today, we are using ESG ratings in selecting our suppliers. Our sustainable Supply Chain Finance program incentivizes our suppliers to improve their ESG rating using a multi-dimensional approach on sustainability beyond pure carbon reduction. Our sustainable supplier financing allows them to participate by receiving preferential discount rates.”

Inés Lüdke, Head of Working Capital Sales Germany at UniCredit mentioned: “We support our corporate clients to be successful in the transformation to achieve defined ESG goals and to stay a sustainable enterprise in the future.”

Adriaan Bellaart, Global Lead of Supply Chain Finance at ING Bank mentioned: “At ING, we believe that sustainable business is better business. That is why we are committed to supporting clients to take action in improving their sustainability levels through financing and rewarding their efforts to transition to a more sustainable business.”

ENDS

About Taulia

Taulia is a fintech supplier of working capital administration options headquartered in San Francisco, California. Taulia helps corporations entry worth tied up of their payables, receivables, and stock. A community of greater than 2 million companies use Taulia’s platform to decide when they need to pay and be paid. Taulia allows its prospects to execute their working capital methods, assist their suppliers with early fee, and contribute to constructing sustainable provide chains. Taulia processes greater than $500 billion annually and is trusted by the world’s largest corporations, together with Airbus, AstraZeneca, and Nissan. In March 2022, Taulia grew to become a part of SAP. Taulia operates as an impartial firm with its personal model within the SAP Group.

For extra data, please go to www.taulia.com.

View supply model on businesswire.com: https://www.businesswire.com/news/home/20221020005070/en/