Worldfavor

Worldfavor is a Swedish platform focused on Environmental, Social, and Governance (ESG) solutions, aimed at making sustainable business practices mainstream.

Founded in 2016 and based in Stockholm, the company provides tools that empower procurement and sustainability teams to enhance supplier due diligence and ensure ESG compliance. Utilizing AI, Worldfavor helps organizations identify risks and streamline their sustainability processes. The platform offers services in sustainable sourcing, sustainable investments, and transparency solutions. It enables businesses to monitor ESG performance, comply with regulations like the EU Taxonomy, and manage supply chain risks. Key features include carbon accounting, supply chain risk management, and sustainability reporting, all aligned with global standards such as ISO 26000 and GRI. Worldfavor serves a variety of sectors, including food and beverage, textile and apparel, and healthcare, with over 30,000 organizations across 130 countries as clients, including notable names like Oatly and Systembolaget. With a mission to connect people for a thriving planet and economy, Worldfavor has raised $14.65 million in funding and reported $6 million in annual revenue in 2024.