Andrew Banks, entrepreneur, mentor, investor, and
As part of the Commonwealth Bill, passed last year, all Australian companies, private and public, with annual revenues over $100m, are required to report on their supply chains to ensure that no slaves or underage children were used in the production process.
The growing supply chain management market is on track to reach $19B in 2021. Mr. Banks said the market opportunity in tech solutions that could assist global businesses to make better, more informed decisions with respect to corporate responsibility was staggering.
“The enactment of the 2018 legislation on Modern Slavery is a very topical issue and Informed 365’s SaaS solution provides both Board Directors and leadership teams the comfort and compliance they need in a fast, practical and, cost-efficient way,” said Mr Banks.
“No Chairman or CEO of any company needs to wake up one morning and find out they have accidentally tripped some wires around this new modern slavery legislation, or any other issue in their supply chain that could damage their brand or share price!” he said.
Why partner with Informed 365?
“I love investing in businesses that have a ‘positive purpose’ and are also commercially
“I think Informed 365’s idea to create affordable software that provides 24/7 transparency is brilliant, especially as users can ‘
Informed 365 is currently the only company in Australia providing a customisable service in the CSR tech space.
Its sophisticated platform enables ASX listed companies, multinationals, NGOs and government
What does the CSR landscape look line in corporate Australia?
Nicholas Bernhardt, CEO
“With the first reports due in 2020, companies must start reviewing their supply chains to collect data to comply with the new reporting obligations for the next financial year. By default, they will need to have some kind of tech solution
“In addition to government regulations, stakeholders are now also expecting to see reporting on greenhouse gas emissions and climate change risk. These areas are no longer negotiable and companies need to address them if they are going to do their shareholders justice,” he added.
How does Informed 365 fit into this space?
Mr. Bernhardt said Informed 365 provided a more standardised process of reporting, making it easier for companies to be compliant with the new laws.
“It can be very difficult for companies to obtain information on their suppliers in an efficient way. Previously companies would use excel spreadsheets to collect data, which is time-consuming and inconsistent.
“At Informed 365, we create branded,
“At the end of the process, a company has a sophisticated report to share with the government and stakeholders demonstrating its compliance to regulations, and commitment to ethical and sustainability goals,” he added.
Who are the minds behind this startup?
Informed 365 was co-founded Nicholas Bernhardt and Tim Dorey in 2014 to provide tech-based turnkey solutions for organisations in the supply chain management, business intelligence and climate change adaption space.
The platform can be
The company has already worked with major
It has also partnered with Vivid Sydney Festival to help manage its water, energy and waste consumption in line with the festival’s