Case Study: Kredinor scales responsible sourcing and supplier screening with Worldfavor

Kredinor screens 500+ suppliers with Worldfavor

Kredinor, a leading Nordic debt collection company, faced a challenge in complying with Norway's new Transparency Act. Their manual supplier screening process was time-consuming and excluded many smaller vendors, making it difficult to meet the law's requirements for mapping human rights risks in their supply chain. To address this, they turned to Worldfavor and its AI-driven Sustainable Sourcing solution.

By implementing Worldfavor's AI-powered platform, Kredinor automated its supplier screening using public data. This solution allowed them to expand their coverage and cut manual work. The result was that Kredinor screened over 500 suppliers annually, up from 300, without adding extra staff. Worldfavor enabled a shift to a risk-based approach, strengthening transparency and laying a strong foundation for compliance and responsible sourcing.

Kredinor