SCF Awards 2023 – Building & Construction

Rea Bosco Vaz

date: December 4, 2023

Insights on the SCF programme of Barloworld Equipment, the Winner of the 2023 SCF Awards Building & Construction category, and Eni Group, the Winner of the 2023 ESG Award.

Winner: Barloworld Equipment 

Partner: Addendum Financial Technologies 

Barloworld Equipment has won first place in the Building and Construction category for the SCF Community’s Supply Chain Finance Awards 2023. Recognized for its exceptional accomplishments, Barloworld Equipment’s triumph in this category underscores its remarkable achievement in swiftly establishing an outstanding Supply Chain Finance (SCF) program. The company’s ability to align swiftly and efficiently onboard a significant supplier within a remarkably short time frame is a testament to its unparalleled commitment and agility in the realm of SCF. This well-deserved victory positions Barloworld Equipment as a true trailblazer, setting a new standard for excellence within the construction and building sector in the arena of supply chain finance. 

Rapid Alignment and Supplier Onboarding 

Barloworld Equipment’s SCF journey is characterized by an exceptional pace in alignment and supplier integration, a rarity in the SCF realm. The seamless and rapid alignment of the company’s stakeholders, combined with the swift onboarding of a crucial supplier, reflects an impressive level of coordination, dedication, and efficiency in implementing an SCF program. 

Exemplary Speed in SCF Establishment 

The standout feature of Barloworld Equipment’s SCF case is the expeditious setup of the program. Typically, SCF programs necessitate meticulous planning, coordination, and time-consuming alignment across various departments and stakeholders. However, Barloworld Equipment’s ability to swiftly conceptualize and execute its SCF initiative is a testament to the company’s proactive approach and operational dexterity. 

Rare Agility in SCF Implementation 

In the SCF landscape, where initiatives often encounter complexities and extended timelines, Barloworld Equipment’s swift SCF setup shines as a rare example of agility and efficiency. The company’s ability to swiftly orchestrate and integrate its SCF program within a short timeframe sets a new benchmark for promptness and effectiveness in SCF implementation. 

Paradigm of Success in SCF Agility 

Barloworld Equipment’s SCF case stands as a paradigm of success in agility and efficacy in the setup of SCF programs. The rapid alignment of stakeholders, combined with the seamless onboarding of a significant supplier, showcases the company’s unparalleled commitment to operational excellence and accelerated SCF implementation. 

Barloworld Equipment’s SCF initiative serves as a beacon of speed and efficiency in the SCF landscape. The company’s ability to swiftly align stakeholders and onboard significant suppliers is a testament to its agility, commitment to innovation, and proactive stance in leveraging SCF for operational enhancement. 

Eni Group also stood out and emerged as the winner of the prestigious ESG Award at the Supply Chain Finance Awards 2023, marking a significant achievement in its groundbreaking approach to sustainable supply chain practices. Eni’s unparalleled success lies in the establishment of the OPEN-ES platform, a collaborative international initiative formed in partnership with various entities to evaluate the sustainability quotient of supply chain firms, emphasizing the support extended to SMEs for enhancing their sustainability performance. Their innovative Sustainable SCF program blends financial assistance provided to suppliers through the confirming solution with ESG scoring conducted via the OPEN-ES platform, offering preferential rates to high-performing suppliers. Notably, what sets Eni apart is the integration of ESG assessments into SCF—a departure from conventional models—by actively engaging in the creation and promotion of the assessment platform. Eni’s proactive involvement before intertwining it with the SCF program demonstrates a pioneering synergy, underscoring its commitment to fostering sustainability across the supply chain. 

Rea Bosco Vaz

Rea Bosco Vaz is the Head of Product and Market for the SCF Community and a researcher at the Faculty of Supply Chain Finance at Windesheim University of Applied Sciences, in the Netherlands. Her research currently focuses on combining the fields of geosciences and SCF through the subject of critical raw materials (CRM). Rea also works for the SCF Community on events, marketing and as a liaison to finance and tech providers in the SCF industry.