Technologies system Higg raises $50M Sequence B to speed up offer chain sustainability

Technologies system Higg raises M Sequence B to speed up offer chain sustainability

SAN FRANCISCO, April 27, 2022 /PRNewswire/ — Higg, the sustainability insights platform for the buyer products field, now announced its $50M Series B funding spherical. The funding is co-led by technological innovation development trader Silversmith Funds Companions and Tom Steyer and Katie Hall’s Provoke Weather Alternatives, alongside with participation by Series A partners Titan Grove and Buckhill Money. With close to 50,000 manufacturer and company buyers in 100+ nations around the world, Higg enables continual improvement of offer chain sustainability—across not only carbon but water, vitality, and labor impacts as properly. This funding will accelerate Higg’s shipping and delivery of revolutionary engineering options and its rapid expansion into new buyer products categories these as outside, automotive, toys, and residence products.

Higg is the sustainability insights platform for consumer goods businesses – delivering software and services for measuring, managing, and sharing supply chain performance data. 

From materials to products, from facilities to stores, from emissions to working conditions, Higg unlocks a complete view of a business’s social and environmental impact. 

Built on the leading framework for sustainability measurement, Higg is trusted by global brands, retailers, and manufacturers to provide the single source of ESG intelligence they need to accelerate business and industry transformation.

Launched in 2019 as a public-benefit corporation, Higg is the exclusive licensee of the Higg Index, the industry-leading value chain measurement methodology developed by the Sustainable Apparel Coalition. www.higg.com (PRNewsfoto/Higg)

Higg is the sustainability insights platform for client products corporations – providing application and solutions for measuring, taking care of, and sharing source chain effectiveness information. From materials to products, from facilities to shops, from emissions to operating disorders, Higg unlocks a total see of a business’s social and environmental effects. Built on the primary framework for sustainability measurement, Higg is trustworthy by world wide makes, merchants, and suppliers to give the solitary supply of ESG intelligence they need to speed up enterprise and market transformation. Released in 2019 as a general public-benefit company, Higg is the exclusive licensee of the Higg Index, the field-leading value chain measurement methodology produced by the Sustainable Apparel Coalition. www.higg.com (PRNewsfoto/Higg)

Higg’s Sequence B comes as businesses facial area expanding anticipations for ESG (environmental, social, and governance) accountability and disclosure. Rules are now getting produced in the EU and US for source chain owing diligence, in addition to the latest guidelines for solution labeling and sustainability statements. Consumers are also trying to find better product-stage transparency about the goods they invest in.

“In this new era of expectations, extra firms will be required to have credible impression info about their provide chains. “The real truth is that measuring owned operations is simple,” claimed Higg CEO, Jason Kibbey. “For customer products firms, the problem is obtaining exact info on the non-owned factories that make the goods—and on the supplies and products and solutions them selves.”

“That’s why we’re thrilled to have Silversmith and Galvanize supporting us,” Kibbey ongoing. “Silversmith brings practical experience in SaaS innovation which is desired to scale our engineering and Tom Steyer’s effort at Galvanize is the ideal enhance offered their emphasis in local climate answers. We are energized to faucet into their know-how so that Higg results in being a essential resource for ESG information by the price chain and across sectors.”

Trustworthy by big models as perfectly as tens of hundreds of brands across the earth, details on the Higg system is employed to style extra sustainable merchandise, to expand employee very well-remaining, and to discover suppliers with diminished effect throughout emissions, h2o, chemical compounds, and squander. When a lot of sustainability options provide higher-level estimates of a business’ impact, Higg delivers

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