Sustainability software program supplier IntegrityNext introduced the launch of two new options, Multi-Tier Provide Chain Visibility and EUDR Compliance, aimed toward enabling firms to handle complicated provide chain sustainability challenges and regulatory compliance necessities.
Launched in 2016, Munich-based IntegrityNext offers a software program platform aimed toward enabling firms to construct extra clear and sustainable provide chains, and serving to companies to collaborate with suppliers to enhance provide chain sustainability, throughout a variety of ESG matters.
Based on the corporate, its new Multi-Tier Provide Chain Visibility answer makes use of AI-driven insights and a large-scale sustainability dataset to supply transparency throughout the provision chain at tiers all the way in which all the way down to the uncooked materials stage, so as to proactively mitigate dangers, optimize procurement, and keep compliant with international rules, in addition to to simplify reporting and due diligence processes. Key options embrace computerized mapping of suppliers, supplies and processes that feed into merchandise, with highlighting of essential nodes and sustainability dangers.
EUDR Compliance is designed to allow customers to satisfy the necessities of the EU’s new Regulation on Deforestation Free Merchandise (EUDR), which is aimed toward successfully banning deforestation-linked initiatives on the EU market, and establishes robust compliance necessities for firms offering or using key commodities and merchandise reminiscent of palm oil, beef, timber, espresso, cocoa, rubber and soy, along with a few of their derived merchandise, together with leather-based, chocolate, tires, or furnishings. Key options of the brand new answer embrace automated assortment and verification of provider information, AI-driven threat assessments primarily based on geolocation and product origin, deforestation pattern evaluation, and reporting capabilities, in addition to upstream integration into present ERP and SCM methods, in response to IntegrityNext.
The corporate stated that upcoming enhancements will embrace options to fight pressured labor and AI-based instruments for CO2 measurement, supporting firms in compliance with rules such because the Company Sustainability Due Diligence Directive (CSDDD) and the Carbon Border Adjustment Mechanism (CBAM), along with future rules.
Simon Jaehnig, Chief Income Officer (CRO) and co-founder of IntegrityNext, stated:
“Our newest options show that even probably the most complicated provide chains and strict rules could be effectively managed with the fitting instruments. Conventional strategies of managing provide chain information are being challenged, however with AI, firms can obtain a stage of transparency beforehand thought unattainable.”
