Sphera Acquires Supply Chain Sustainability Software Provider SupplyShift

▤ Summary

Blackstone-backed ESG performance and risk management software, data and services provider Sphera announced today the acquisition of supply chain sustainability software company SupplyShift, in a move aimed at enhancing its supply chain offering with expanded supplier mapping, scoring and traceability capabilities. Founded in 2012 by Climate Science and Environmental Economics PhDs Alex Gershenson and Jamie Barsimantov, Santa Cruz, California-based SupplyShift provides a cloud-based end-to-end supply chain data management, responsible sourcing, and supplier engagement platform aimed at enabling businesses to build transparent, responsible, and resilient supply chains, and to measure, monitor and improve their environmental, social and economic impact across the supply chain. “SupplyShift was founded on the idea of leveraging software to drive sustainability initiatives, and for 11 years we have been empowering companies to understand their supply chain ESG risk and performance. The acquisitions come as companies globally face increasing regulatory pressure to report on supply chain sustainability metrics, and particularly on their scope 3 emissions, with emerging sustainability reporting standards including the EU’s CSRD and the IFRS’ ISSB standards requiring scope 3 disclosure. As more regulations are passed that demand transparency, the SupplyShift solution will become indispensable in meeting global regulatory requirements and stakeholder expectations.” Founded in 2016, Sphera offers SaaS software, proprietary data and consulting services, helping organizations around the world to surface, manage, and mitigate ESG risk in the areas of Environment, Health, Safety & Sustainability, Operational Risk Management and Product Stewardship.

▦ Linked Companies

Petrotechnics

$100M to $250M