Waybridge, the digital infrastructure for raw materials, announced Wednesday it had enhanced its trade management platform to include carbon emissions reporting for tracked shipments.
The company said the emissions reporting would help suppliers meet retailers’ ESG requirements throughout the supply chain by allowing them to calculate and share their individual and collective emissions data. The platform enables its customers to report on and optimize Scope 3 carbon dioxide emissions from all the purchases and sales across their supply chain.
“You can’t set targets and improve what you aren’t measuring,” said Waybridge CEO Scott Evans. “Waybridge is in a unique position to simplify the reporting process for our customers because we already capture all the details for calculating the upstream transportation emissions for shipments managed on the platform. This helps our customers produce emissions data without any extra effort.”
Using the GLEC framework, the platform calculates CO2e measurements from vessel, rail, and truck shipments which can be viewed by each specific trading counterparty or exported for reporting purposes, the company said.
Having the information also allows suppliers to make decisions about how to reduce CO2 emissions by considering the routes and types of transportation methods used along the supply chain to deliver raw materials.
“This is just the first product step Waybridge is making to create a more efficient, resilient, and sustainable supply chain,” said Kyle McCarter, Chief Product Officer at Waybridge. “By setting the groundwork through digitizing all our customers’ raw materials transactions, emissions measurement is only one example of ways we are going to provide significant impact to the world.”