International administration consulting agency Bain & Firm and provide chain decarbonization intelligence options startup Terralytiq introduced the launch of a brand new strategic partnership, aimed toward enabling corporations to optimize provide chains for carbon and prices, and to assist ship decrease carbon merchandise.
Based in 2023, Terralytiq offers a platform offering corporations with transparency into industrial worth chains, automating the gathering of Scope 3 knowledge to allow monitoring of suppliers’ progress in the direction of decarbonization targets. The corporate’s options allow customers to calculate product carbon footprints and establish carbon hotspots, and helps generate initiatives contemplating value and carbon impression to allow sustainable procurement. The corporate has set an ambition to scale back one billion tons of business emissions by 2030.
Alexander Pfeiffer, co-founder & CEO at Terralytiq, mentioned:
“Early adopters of our options have been recognized to chop Scope 3 data-collection time by as much as 70% whereas figuring out multimillion-dollar value and threat financial savings. We’re thrilled to be partnering with Bain at a worldwide stage to stay on the forefront of worldwide decarbonization efforts, offering precious insights to executives tasked with onerous wiring resilience into their worth chains as they concurrently reduce emissions.”
In accordance with the businesses, beneath the brand new collaboration, Bain and Terralytiq will co-develop a set of enhanced choices backed by Terralytiq’s AI-driven Scope 3 intelligence platform and decarbonization copilot resolution, offering corporations with granular emissions knowledge, supplier- and facility-specific product carbon footprinting capabilities primarily based on procurement knowledge, and automatic provider outreach.
The businesses mentioned that the partnership is presently supporting purchasers throughout vitality and pure sources, manufacturing, know-how, and monetary providers sectors, and is predicted to be rolled out to additional industries this 12 months.
Torsten Lichtenau, Senior Associate and International Head of Bain & Firm’s Carbon Transition Affect Space, mentioned:
“Scope 3 emissions are notoriously troublesome to each measure and abate. This strategic partnership will give our purchasers entry to enhanced analytics monitoring capabilities backed by Bain proprietary benchmarks and strategic perception, turning uncooked knowledge into board-ready instances aimed toward informing enterprise leaders who’re working to crack Scope 3 and past.”
