Worldfavor
Overview
HQ Location
Sweden
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Year Founded
2016
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Company Type
Private
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Revenue
$10-100m
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Employees
51 - 200
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Website
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Twitter Handle
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Company Description
Worldfavor’s sustainability platform enables organizations worldwide to easily access, share, and leverage data to gain insights and make sustainable action possible – internally and through far-reaching value chains. The platform helps its growing network of 25,000+ organizations in 130 countries understand their impact, fuel action, and stay resilient.
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Case Studies.
Case Study
Martin & Servera's Sustainability Initiative: A Comprehensive Approach to Supplier Management
Martin & Servera, a leading restaurant and wholesale specialist in Sweden, faced a significant challenge in managing its sustainability work due to the vast variety of products it sold and purchased globally. The company was committed to ensuring that its 1,000+ suppliers met its product sustainability requirements and expectations. However, manually collecting all the relevant information and working with real-time data and analysis became an overwhelming, person-dependent process. The company needed a solution that would allow suppliers to easily report information, follow up on their certificates, and provide an overview of the data. This led to a thorough investigation and needs analysis to find a suitable system for managing and monitoring suppliers.
Case Study
Sustainability Management in Fashion: A Case Study of Nudie Jeans
Nudie Jeans, a globally recognized denim brand, was facing challenges in managing its sustainability data. The company was using an unoptimized method of manually gathering and managing sustainability data through email communication with suppliers and Excel files. This system was not suitable for long-term sustainability management for a company striving for excellence within sustainability. The main pain points included manual collection of data, scattered data points, short-term solutions for managing sustainability, and time-consuming processes. Nudie Jeans recognized a need for a tool that could simplify the process, make it more efficient, and consolidate all data in one place.
Case Study
Leading Change with Sustainability as Core Business Model: A Case Study on Oatly
Oatly, a plant-based food brand founded in Sweden in 1994, has a core business model grounded in sustainable practices. As the company expanded its global presence, it faced the challenge of scaling its sustainability work in proportion to its growth. Prior to implementing a solution, Oatly manually collected and reported sustainability data using Excel sheets. This process was time-consuming and created a lot of administrative tasks for everyone involved in reporting the data. As Oatly continued to grow rapidly, these manual tasks were taking up too much time. The company needed a time-efficient solution that could scale with its growth, allowing it to continue producing high-quality sustainable products but in larger quantities. This meant finding a system that could digitalize data collection globally and simplify the quality control of the data, enabling Oatly to make data-driven sustainable decisions that were better for both the business and the planet.
Case Study
Sustainability Integration in Core Business: A Case Study of Grant Thornton
Grant Thornton, a global network active in 135 countries, supports approximately 27,000 companies annually on financial matters with a focus on sustainable development. However, the company faced a significant challenge in syncing and scaling its internal sustainability work. The collection of sustainability information from various internal units was previously done manually using Excel files. This process was time-consuming, and the continuous work and follow-up became challenging and hard to manage. The ability to collect, sort, and analyze data on a detailed level was an important factor when Grant Thornton evaluated different sustainability platforms to use.
Case Study
Intrum's Transformation: Streamlining Sustainability Efforts with IoT
Intrum, a leading credit management services company, was struggling with the manual and time-consuming process of managing its sustainability data. The company was using Excel sheets to collect and analyze social and environmental data from its local units. This process was not only labor-intensive but also made it difficult to keep track of the latest data updates and find relevant information for specific tasks. The company wanted to automate the most time-consuming parts of data collection, get a good overview of the data, and make it easy to compare the data historically and between local offices. It was also important for Intrum to enable its local offices to use sustainability data to inform decisions, track progress, and compare with other entities across the group.