Taulia Customer, Bridgestone, Wins Best ESG Working Capital Initiative at 2023 Working Capital Awards
SAN FRANCISCO, CALIFORNIA, 27 NOVEMBER 2023 – Taulia’s customer, Bridgestone, has been selected as the winner of the Best ESG Working Capital Initiative category at the Working Capital Awards. These awards are internationally recognised and celebrate best practice and innovation in working capital management and supply chain finance.
Bridgestone has been supported by Taulia, alongside partners J.P. Morgan and EcoVadis, in driving sustainability across the supply chain through an innovative approach to financing. The company has an ambitious ESG agenda and required a supply chain finance solution which would incentivise its partner companies to prioritize sustainability by offering preferential discounts to suppliers with high ESG ratings, as attested by sustainability ratings provider, EcoVadis.
Peddy Hashemi, Head of Customer Success, EMEA, at Taulia commented: “We are thrilled that Bridgestone has won this award. Sustainability is a really important strategic priority for lots of our customers. We helped build this program using our wealth of experience, technology infrastructure and global reach to enable Bridgestone to create an innovative supply chain financing solution with sustainability at its core. This is the definition of responsible stakeholder capitalism and we look forward to continuing our partnership in the future and building on these strong foundations as we expand to new markets such as India, South Africa and the United States.”
Julle Pedersen, Director, EMIA – Treasury at Bridgestone commented: “Today’s announcement is a huge achievement for us and we’re honored that our efforts to drive sustainability across our value chain have been recognised by the prestigious Working Capital Awards. Our supply chain program is a tangible demonstration of how the finance function can play its part and help build an ecosystem which encourages business partners to continuously improve ESG performance whilst also enabling us to achieve our own sustainability goals. It wouldn’t be possible without Taulia’s financial technology solution.”
For more information and for a full list of the winners, please see here:
https://www.workingcapitalforum.com/conference/2023-event-report