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In today’s global business environment, transparency in sustainability efforts is paramount. Organizations face increasing pressure to manage the sources and chain of events for Scope 3 emissions, which encompass indirect greenhouse gas (GHG) emissions occurring throughout their supply chains. With over 70% of carbon footprints attributable to Scope 3 emissions, data accuracy, authenticity, timestamp, ownership, collaboration, and trust become critical factors for achieving accuracy of audits. Mistakes in collection, authentication, ownership and submission can be extremely costly for the organization. Existing integration framework across the supplier ecosystems is more like a complicated spider web with sizable gaps and risks.
Garbage in, Garbage out: The best-in-class companies need auditable sustainability data exchange frameworks which can streamline processes across multi-tier, multi-party supply chains and seamlessly augments ERP and supplier portals. Supplier portals are in need of augmented capability for source-level ownership and authentication of sustainability data exchange across the value chain. Proteus enhances and augments this capability into your supplier portal, delivering an accurate and authenticated chain of events; that helps you transition towards a seamless, accurate, connected, transparent, and sustainable data exchange.
Proteus augments your capabilities for generating carbon credits and offsets the models, enabling organizations to achieve their sustainability targets more effectively.
Collecting carbon data across the entire supply chain—from suppliers to distributors—is complex but crucial for fostering collaborative decarbonization.
Without uniform methods for calculating and exchanging carbon footprints, companies face discrepancies in data, leading to inconsistent and incomparable results.
Suppliers and customers must ensure the authenticity of shared carbon data to avoid practices such as greenwashing, where sustainability claims are exaggerated or false. The need for validated, certified data exchange is critical.
#dltledgers offers Proteus, a multi-tier, multi-party enablement platform designed to streamline data sharing across supply chains, ensuring accurate, verifiable, authenticated and standardized carbon emissions data exchange. By utilizing advanced HyperConnect technology and decentralized peer-to-peer privacy protected data sharing, the platform empowers businesses to transform their sustainability strategies with data driven transparency and reliability.
Each organization maintains control of its carbon data, sharing it selectively with trusted partners while ensuring its security through encryption and multi-party immutability.
The platform leverages globally recognized frameworks, such as the World Business Council for Sustainable Development (WBCSD), to standardize data exchange, ensuring consistency and comparability of carbon footprints across industries.
Autonomous models embedded in the platform automate requests and responses for carbon footprint data, accelerating data exchange while minimizing manual intervention, this will augment your Supplier portal with seamless flows.
The platform supports internal and external auditors with transparent, traceable data, ensuring compliance and credibility in sustainability reporting at a transactional level, augmenting your supplier portal.
Companies can engage their entire supply chain, from raw material suppliers to distributors, in carbon data sharing, fostering collaborative decarbonization efforts.
The use of primary, verified data allows for more accurate carbon footprint calculations, reducing reliance on industry averages or outdated information.
With the ability to track emissions at the product and transaction level, companies can quickly identify emission hotspots and prioritize reduction efforts.
Multi-party technology eliminates the risks of data manipulation or greenwashing, ensuring that shared data is trustworthy and reliable.
A manufacturing company, with a complex global supply chain and an established supplier portal sought to reduce its carbon footprint by
improving its Scope 3 emissions tracking. Using Proteus sustainability data exchange framework and its seamless connections to supplier
portal, the company:
Automated requests were sent to all tier-one suppliers, asking for scope 3 emission and product carbon footprint (PCF) data. With the platform’s data verification mechanisms, suppliers could provide validated carbon emissions figures with confidence (automated).
The manufacturing company integrated the carbon footprint data it received into its procurement and production decisions. This allowed it to identify carbon-intensive products and processes, leading to targeted emission reduction initiatives.
HyperConnect technology ensured that all data exchanged was auditable, verifiable, and compliant with models and international standards, boosting trust among stakeholders and simplifying compliance with evolving environmental regulations.
Unlike conventional platforms, the Proteus engine leverages multi-ledger synchronization, allowing real-time visibility and data alignment across multiple supply chain tiers, thereby providing unparalleled accuracy and trust.
Ready to take your sustainability efforts to the next level? Contact our experts at #dltledgers to learn how our Proteus platform can help your business achieve its sustainability goals. Together, let’s build a more sustainable future.
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