July 18, 2024 – Today, Altana, the world’s first Value Chain Management System, announced a strategic collaboration with Climate TRACE, a non-profit coalition of organizations which has built a timely, open, and accessible inventory of site-specific greenhouse gas emissions data. Altana has fused Climate TRACE’s point-source global emissions information with Altana’s dynamic, intelligent, and universal map of global value chains, allowing Altana customers to more efficiently and accurately calculate Scope 3 carbon emissions for each of their products with an unprecedented view of their multi-tier value chains and the site-specific emissions within these chains. Altana’s approach is the first scalable solution that satisfies environmental accounting and regulation, including the EU’s Carbon Border Adjustment Mechanism (CBAM), the EU’s Corporate Sustainability Reporting Directive (CSRD), the EU’s Corporate Sustainability Due Diligence Directive (CS3D), the International Sustainability Standards Board’s (ISSB) approaches, and more.
“Reducing global carbon emissions continues to be a critical objective for organizations, public or private,” said Evan Smith, co-founder and CEO, Altana. “Our collaboration with Climate TRACE allows us to better support our users’ desire to be part of the solution and adds another layer of visibility to Altana’s already unmatched map of the supply chain and individual value chains. These insights could only be provided by Climate TRACE’s open and accessible emissions data platform that brings together stakeholders worldwide with a common mission.”
There has been a sea change in global commerce that has created a new imperative to understand and manage the inputs, outputs, and impacts of the production and movement of goods. Historically, most Scope 3 emissions measurements are assembled using very rough estimations – broad averages that massively skew the accuracy of results on the individual value chain level. Now, for the first time, advances in artificial intelligence and remote sensing, like those employed by Climate TRACE, allow organizations to meet this imperative at a granular, significantly more accurate level.
This new offering for Altana users gives organizations powerful new capabilities to lower their carbon emissions by allowing for more precise estimation of emissions at the facility level, instead of broad assumptions at the country level. With the integration of Climate TRACE’s open and accessible data repository into Altana’s multi-tier value chain visibility, Altana empowers its customers to ensure their value chains — at every step of the way, from raw material through to finished good — are sourced sustainably and align with their climate and sustainability goals. By harnessing Climate TRACE data, Altana customers will have more of the insights they need to make the best decisions for their organizations and the climate as a whole.
“The mission of Climate TRACE is to bring never-before-seen levels of transparency to global emissions data and to enable organizations to make simple decisions that lead us into a safer climate future,” said David Younan-Montgomery, Director of Partnerships on behalf of Climate TRACE. “By integrating Climate TRACE’s publicly available data, Altana is taking a promising step toward that future, allowing its users to pinpoint the changes they can make in their supply chains to make authentic, material decreases in their Scope 3 numbers.”
About Altana
Altana is the world’s first Value Chain Management System, a collaborative, public-private network that enables customers to take command of their extended supplier and distribution networks - from raw material origins to the sale of finished products. By applying artificial intelligence to the world’s largest body of supply chain data, Altana reveals these previously opaque global networks and powers workflows across them. Customers like Boston Scientific, L.L.Bean, Maersk, US Customs and Border Protection, and the UK Department of Business and Trade use Altana to build secure, resilient, efficient, and sustainable global value chains. To learn more, visit: https://altana.ai/
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