Logistics News

PacNat partners with Avetta to support procurement

The freight rail operator is helping Avetta keep sustainable with its procurement

Australian private rail freight operator Pacific National is partnering with Avetta to support its procurement and ESG strategy commitments through a global best practice approach.

Pacific National is leveraging the global Avetta best practice approach to ESG to develop and implement a strategy for its sustainability-led initiatives.

Pacific National says it is looking forward to building on its partnership with Avetta.

“We’re excited to partner with Avetta to build on our supplier commitments to support our three pillars of ESG: emphasising social responsibility on our communities, minimising our environmental impact and protecting the health and safety of our employees throughout our supply base,” Pacific National head of procurement Zelda Pretorius-Kovacs says.

Avetta says its sustainability and ESG solution solves the challenge of multinationals being environmentally friendly by providing suppliers with analytics and ratings based on specific ESG standards and goals.

This includes Value Reporting Foundation, Global Reporting Initiative and Sustainable Development Goals; all systems that can help keep multinational companies like Avetta sustainable and low emissions.

Key features of the solution to help companies simplify their ESG compliance include scoring ESG maturity, accurately measuring ESG compliance and enabling data-driven decisions on freight and logistics-based sustainability factors.


RELATED ARTICLE: PacNat to conduct level crossing safety trials


According to McKinsey & Company, organisations that fulfill ESG criteria see an overall cost reduction of up to 10 per cent as well as hedging against possible risk factors surrounding policy changes.

Avetta says it was excited to implement this new system to remain sustainable.

“Suppliers using Avetta One can showcase their maturity in the ESG space, making them reliable partners to work with as well as discoverable and attractive to clients from a financial investment standpoint,” Avetta managing director Adam Boyle says.

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