TraceGains, a provider of networked compliance, quality and innovation solutions in the food and beverage industry, recently announced two new strategic partners in the ESG space. The first is with DitchCarbon, a provider of climate intelligence. The addition of DitchCarbon to TraceGains’ networked ecosystem helps customers elevate the visibility and manageability of their Environmental, Social, and Governance (ESG) efforts with a solution that integrates into existing sourcing, compliance and product development workflows. The second partnership is with Sustained, a platform for sustainable product development through detailed life cycle analysis.
More on the collaboration with DitchCarbon
According to TraceGains’ R&D and Product Innovation in the Food and Beverage Industry research, 26% of global food and beverage leaders plan to fast-track their carbon-neutral strategies this year. In an industry where nearly half of F&B companies feel they’re falling short on ESG initiatives despite good intentions, and 64% acknowledge the critical importance of ESG, this partnership is timely. As it relates specifically to carbon by integrating DitchCarbon’s comprehensive carbon intelligence solutions with TraceGains’ supplier management and new product development offerings, this collaboration empowers companies to build truly sustainable supply chains from the ground up, said TraceGains.
“Most environmental impacts originate in supply chains,” said Marc Munier, CEO and founder of DitchCarbon. “To accelerate global emission reductions, climate-conscious decision making must be embedded in daily operations. TraceGains is leading the way in this approach making this vision a reality.”
Key features of carbon intelligence
“Our customers understand that integrating sustainability into products from the start is far more efficient than trying to retrofit climate goals later,” said Greg Heartman, vice president of product at TraceGains. “By partnering with DitchCarbon, we’re placing sustainability where it belongs, and where it’s most useful: at the heart of sourcing and supplier qualification.”
This partnership enables brands to develop precise supplier sustainability dashboards and reports, facilitating long-term improvement against climate objectives with features such as:
- Supplier Sustainability Rankings: Evaluate supplier participation in initiatives like CDP, UN Global Compact and SBTI.
- Emission Measurements: Detailed breakdowns of total emissions, Scope 1, 2, and 3 emissions and greenhouse gas data.
- Regional Impact Scores: Compare the carbon intensity of energy grids globally.
Integrating Sustained’s product lifecycle analysis capabilities
TraceGains’ collaboration with Sustained merges Sustained’s product and ingredient lifecycle analysis tools with TraceGains’ comprehensive solutions suite, enabling transparency, efficiency and sustainability, the company said. In a market where 50% of F&B companies are willing to halt production on new products that don’t meet Environmental, Social, and Governance (ESG) guidelines, this partnership sets a new standard for compliance and innovation, helping companies avert disruptions to their product launches and go-to-market motions.
“TraceGains is renowned for helping customers manage and leverage supplier information for critical decision making,” said Carl Olivier, CEO and co-founder of Sustained. “With this partnership, we’re integrating unmatched environmental intelligence into that proven model, making high-resolution lifecycle analysis a natural part of product development.”
Sustainable product development insights
Sustained’s insights and actionable data provide businesses with a comprehensive view of the environmental impact of their products and ingredients. This supports a variety of sustainability efforts, including:
- Initiatives to reduce carbon footprints, pollution, water and land use
- Resource consumption optimization to ensure corporate alignment with global sustainability goals
- Enhanced production formulation and specification development through sustainable sourcing on TraceGains Networked Ingredients Marketplace
This collaboration brings climate impact data to the forefront of the R&D process, facilitating material evaluation, sustainability score comparison, and innovative product development. Learn more about the capabilities of TraceGains Sustainability Management, as featured in Quality Assurance & Food Safety Magazine.
