Globality Enables Santander to Digitize Indirect Sourcing and Accelerate the Group's ESG Strategy

Ana Botin, Executive Chairman of the Santander Group, and Globality CEO Joel Hyatt explain how Globality empowers the financial group’s ESG strategy and commitment to responsible sourcing across all the countries in which it operates. Originally posted by Aquanima, here.

In its commitments to innovation and corporate responsibility, Aquanima, the global procurement arm of the Santander Group, is using its procurement expertise and Globality's AI-powered B2B services marketplace to significantly improve customer and supplier processes to build a better world for all.

With Globality, procurement teams have a unique opportunity to help create a better world by advancing ESG, the environmental, social, and governance strategy that is of increasing importance in all companies today. Procurement in the future will be much more strategic and valuable as we shift to “impact spending."

Impact spending will influence suppliers to operate more sustainably – in great part by using technology to select suppliers with best practices in sustainable performance. This enables global corporations to help create more inclusive economies by spending more money locally in the countries in which they operate, and by sourcing from outstanding smaller and diverse firms. And impact spending will assure transparency and compliance, both of which are far easier to achieve in an AI-powered digital universe than in the old analog world.

Through our partnership, Globality and Aquanima are providing the leadership in making procurement be about impact spending, creating value for Santander throughout the procurement process, and at the same time building a sustainable and inclusive global economy.