Seneca Partners, the specialist SME investment business based in the North West, is pleased to report that Seneca EIS Portfolio Service and Seneca Growth Capital VCT portfolio company, Vizibl has expanded its sustainability functionality.
Vizibl is the world’s leading supplier collaboration and innovation platform, helping both buyers and suppliers manage all aspects of their relationship to drive sustainable business growth.
The technology company has recently launched their newest platform – Supplier Sustainability Management – designed to overcome common barriers to improve supplier sustainability by providing the tools to create supplier sustainability programmes, measure and baseline performance, set goals and chart a roadmap of targets, and prove sustainability progress over time.
Vizibl’s expertise in supplier collaboration, procurement and sustainability management is embedded in the vast supplier networks of some of the world’s largest multinational corporations such as Unilever, Vodafone and Japan based pharmaceutical giant, Astellas.
Matt Currie (pictured), Investment Director at Seneca Partners commented: “We saw the outstanding potential of Vizibl in 2019 and invested through The Seneca Growth Capital VCT and The Seneca EIS Portfolio Service. The top-down responsibility for delivering sustainability through supply chains is not always readily appreciated but the global reach and scale of customers utilising Vizibl’s platforms will ensure high impact. What the new Sustainability module does is provide large enterprises with the tools required to make the changes we all want to see throughout their supply chains. This will have a lasting impact not only on the way they currently manage their supply chain, but also on the impact they have on the world around them for many years to come. We are excited about how the company is evolving, maturing into a real category leader and one which is classic of our approach to growth capital investment.’’
Mark Perera, co-founder and CEO of Vizibl added: ‘’With mounting consumer and shareholder pressure on businesses to operate more sustainably, ensuring our customers have all the tools they need to accurately assess and improve their sustainability performance across their entire supplier base is key for Vizibl. By bringing Carbon Disclosure Project (CDP) and Science Based Targets initiative (SBTi) frameworks, ESG programmes and robust target-setting functionality into our platform to complement and underpin existing Supplier Collaboration & Innovation functionality, we are arming our customers with a potent set of tools to overcome common blockers and drive sustainable business growth.’’