TraceGains Collaborates with Global Forest Watch to Enhance ESG Compliance in Food Supply Chains

TraceGains Partners with Global Forest Watch Pro

TraceGains, a prominent name in compliance and innovation solutions for the food and beverage (F&B) industry, has announced a significant collaboration with Global Forest Watch Pro (GFW Pro). This partnership is set to bolster efforts in environmental, social, and governance (ESG) compliance, particularly in light of stringent European Union regulations on deforestation.

A Sustainable Supply Chain Initiative

The collaboration aims to enable F&B brands to harness valuable deforestation data and analytics integrated into TraceGains' comprehensive compliance suite. With the evolving landscape of sustainability standards, especially regarding the EU Deforestation Regulation (EUDR), companies need robust and reliable data sources to ensure compliance while promoting sustainable practices.

The innovative capabilities of GFW Pro, which represents a supply chain edition of the World Resources Institute's leading platform, allows users to collect, aggregate, and analyze deforestation risks associated with forest-risk commodities in their supply chains. This effort provides brands and manufacturers with a clear perspective on potential deforestation risks.

Innovative Compliance Solutions

TraceGains offers an all-encompassing solution addressing the complexities of the EUDR requirements, including automated data collection, supplier risk assessment, and compliance notifications. By streamlining compliance processes, TraceGains not only aims to cut costs but also to enhance transparency in reporting and risk management.

The partnership leverages advanced technology from GFW that delivers real-time insights about the global state of forests. This initiative aids F&B companies in monitoring and managing risks tied to agricultural commodities that can threaten forest ecosystems. GFW's high-tech monitoring equips companies with actionable insights, essential for fulfilling sustainability commitments and compliance obligations.

Navigating Compliance Challenges

As deadlines approach, companies must ensure their supply chains do not source products from deforested areas post-2020. The latest collaboration provides TraceGains' clients the tools needed to track high-risk items such as palm oil, cocoa, beef, rubber, and timber, ensuring adherence to new regulations and tracking advancements toward sustainability goals.

Paul Bradley, the Senior Director of Product Marketing for TraceGains, expressed the importance of this partnership, stating, “Our customers are at the forefront of the sustainability movement, yet navigating through abundant and complex data sets to cultivate sustainable products can be daunting. By integrating data from leading analytics providers like GFW Pro, our clients can manage deforestation risks more effectively, unifying critical intelligence into their operations.”

This integration enables businesses to capitalize on GFW Pro's substantial datasets, enhancing their ability to track risks and maintain clear and credible ESG reporting standards. Moreover, such comprehensive visibility ensures brands can substantiate green claims while mitigating environmental impacts throughout their supply chains.

About the Collaborating Entities

TraceGains specializes in connecting food and beverage (F&B) brands with ingredient suppliers powered by a sophisticated suite designed to tackle regulatory compliance, quality assurance, and product innovation. Trusted by over 1,200 clients globally, including numerous top-tier F&B manufacturers, TraceGains is recognized as the industry standard hub for efficient product development, compliance, and ESG alignment.

Global Forest Watch Pro serves as a vital resource in sustainable supply chain management, employing cutting-edge technology to provide near real-time data on global forestry conditions. With over 1,000 organizations utilizing GFW Pro's analytics, the tool has become essential for businesses aiming to mitigate deforestation risk effectively.

Conclusion

The partnership between TraceGains and Global Forest Watch Pro presents a pivotal movement towards transparency and sustainability in the F&B industry. As companies gear up for the changing regulatory environment, such collaborations are essential to cultivate responsible business practices that consider both environmental and social impacts.