Assent, Inc. has been recognized by independent research firm Verdantix as a leader in supply chain sustainability software in the recently released Green Quadrant: Supply Chain Sustainability Software 2024 report.
The research reinforces the validity of investing in ESG and sustainability, as it has become a priority for manufacturers and is anticipated to grow to $6.8 billion by 2028, according to Verdantix. Assent’s foresight in predicting this shift toward a greater focus on managing and reporting for compliance-focused sustainability initiatives underscores the company’s long-term strategic vision.
Verdantix assessed the functionality of the company’s environmental, social, and governance (ESG) software, Assent’s overall market momentum and client base. The report showed that Assent has achieved category leadership demonstrating strong capabilities and momentum in the complex manufacturing space.
In terms of capabilities, Assent achieved the highest score in supplier sustainability performance assessments, which includes the ability to track supplier performance against ESG goals, and stood out for its strong scores in supplier engagement, training, and management, and data acquisition and architecture. The company was also recognized for its market-leading momentum in vision and strategy, market focus, supplier success and user adoption.
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The Green Quadrant analysis found that Assent:
- Scored 2.7/3.0 for supplier sustainability performance assessment, standing out for capabilities that monitor suppliers’ sustainability impacts and drive corrective actions.
- Offers supply chain sustainability software centered around compliance, with tools designed to help businesses meet ESG regulations, such as the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD) and the German Supply Chain Due Diligence Act (LkSG) – as well as product compliance obligations, such as the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) and per- and polyfluoroalkyl substances (PFAS) regulations.
- Provides integrated capabilities for supply chain sustainability compliance and risk management through a unified platform that helps complex manufacturers reduce supplier survey fatigue and manage supply chain sustainability performance.
“We are proud to be recognized by Verdantix as a supply chain sustainability leader in this critical and evolving category. The new report reinforces the value we deliver to complex manufacturers through a comprehensive and adaptable solution in a world where supplier management and sustainability are essential to business needs,” said Catherine Cormier, chief product officer at Assent. “Our team will build on this momentum to empower manufacturers to seamlessly integrate every component, material, and process within and across supply chains ensuring compliance with global regulations and the intelligence to proactively build for sustainability.”
Assent is uniquely focused on enabling complex manufacturers to quickly adapt to changing requirements through a combination of software, services and in-house expertise. Assent offers complex manufacturers end-to-end solutions that track and manage ESG and product compliance data, managed services, and global regulatory expertise to support customers.
“Firms facing high regulatory pressure can benefit from Assent’s experience in supporting complex manufacturers on a wide array of compliance topics, at both a supplier and product level, through a unified platform. Large enterprises initiating supply chain sustainability journeys will also see advantages in Assent’s combined digital tools and services, which allow firms to understand and customize their ESG compliance and risk mitigation strategies,” said Verdantix in the Green Quadrant: Supply Chain Sustainability Software 2024 report.
SOURCE: Businesswire