“TSC’s THESIS data show that companies struggle to document and map their supply chain origins. Only 8% of nearly 800 suppliers have transparency to the farm. The majority of food and beverage companies using THESIS do not even know the country of origin for their product supply chains. Ending deforestation, slave labor, and decarbonizing agriculture and forest supply chains hinges on companies knowing where their supply chains originate.” —Christy Slay, CEO, The Sustainability Consortium To tackle this program - The Sustainability Consortium developed CommodityMap, a free tool that uses geospatial analytics to predict environmental and social priorities in agricultural supply chains. CommodityMap will: 🍃 Help you prioritize your efforts to address environmental and social priorities 🧪 Recommend science-based actions that offer solutions and context to your biggest issues 📚 Help you educate and engage your audience with easy to interpret metrics And did we mention it’s free? Check it out here:
The Sustainability Consortium’s Post
More Relevant Posts
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How to address the challenges arising from the #EUDR? The #EMMA4EU team has selected 20 case studies of good and bad practices in addressing commodity driven #deforestation. We created a short video for each case study collecting examples from the demand side in the EU and supply side in non-EU producer countries (e.g. Brazil, Argentina). This week's case study video focuses on global commodity trade and #deforestation and specifically on Trase, a data-driven initiative designed to unveil the complex interplay between global commodity trade, financial flows, and deforestation. In just a few minutes Elena Massarenti of partner organisation Etifor | Valuing Nature explain how the initiative enables companies, investors and governments to evaluate their exposure to deforestation and pursue more sustainable production opportunities. Watch the video and learn about all the selected good and bad practices ⤵️ https://lnkd.in/ey-7Qtha
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https://lnkd.in/gd744RNU 🌟 Excited to Moderate an Event on Commodity Trading Strategies Amidst Geopolitical Challenges from #WOMAG🌟 🔍 We’re living in an era of rapid geopolitical shifts, and their impact extends far beyond borders. As we gather to discuss commodity trading strategies, it’s crucial to recognize how global dynamics influence our food supply—the very sustenance that ends up on our plates. 🌎 The Dance of Geopolitics and Food Security: Join me as we explore: How political tensions affect commodity markets. The delicate balance between supply chains and international relations. Strategies to navigate risks in an ever-changing world. 🗓️ Save the Date: 24th September. Tickets available on Eventbrite Let’s discuss the complexities of geopolitics and commodities. See you there! Look forward to the discussions with Vishal Vijay Gregory Vandeler and Fay Choo.#WOMAG #Eventbrite #Foodsecurity #commoditytrading Dr. Dalal AlGhawas, PhD Venus Ho (Zhi Qing)
How are commodity trading companies staying resilient and relevant through the fast-changing geopolitical and sustainability landscape? Join WOMAG's fireside chat with leaders from Rabobank, Agrocorp and Mars to hear first-hand from their experiences, insights, and strategic approaches to future-proofing the industry! 🗓 Date: September 24 🕒 Time: 6 - 9 PM GMT +8 📍 Location: South Beach Tower, 38 Beach Road, S189767 👉 Ticket are SG$30 (inclusive of drinks and canapes) and can be purchased here: bit.ly/3LMZ2EH Immerse in technical frameworks such as the 3Rs (Rerouting, Regoverning and Restructuring) for agricultural transformation and take away actionable solutions for your organization! #CommodityTrading #Geopolitics #Agriculture #Sustainability #RiskManagement
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For interest - new Jefferies work on deforestation - this is a topic we covered at LAST YEAR's IGCC Summit - thanks for your work on that session Tim Beshara and Alexandra Banks - looks like we were a year ahead of the game! ;-) More details on this fascinating topic, including links to the EY report on the implications of the EU deforestation regs for Australian companies, on this link: https://lnkd.in/gUUTC4e7 I wonder what leading market intel the attendees at IGCC Summit 2024 will get?
Jefferies Warns of New Risk Tied to Commodities: ESG Regulation
bnnbloomberg.ca
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📢 It's here! For those interested in EUDR compliance to tackle commodity driven deforestation in supply chains, do check our new #EUDRStepbyStepGuidance. This document is meant to support companies to better navigate this regulation and take the needed action to ensure robust, clear and transparent mechanisms that can guarantee deforestation-free commodity markets. As we also want to encourage companies to go beyond compliance to ensure full deforestation and conversion free supply chains, we have added a chapter on "Leadership Practices" for companies to engage in precompetitive collaboration beyond compliance with like-minded peers, government, and other stakeholders to advance solutions that address root causes and not only halt bad practices but further good ones. Specific annexes on cocoa, palm oil, rubber and timber are also available. Massive thanks to the #ForestForward team, especially to Lisa King and Jason Grant, for leading this effort, and to the many DCF colleagues across the network that were part of this process! Check all relevant resources here 👇 https://lnkd.in/geQsPZ2Y
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📢 AFi Coalition member WWF has just released it's latest step-by-step guidance on EUDR for downstream companies! #ForestsForward Find out more in the below 👇
📢 It's here! For those interested in EUDR compliance to tackle commodity driven deforestation in supply chains, do check our new #EUDRStepbyStepGuidance. This document is meant to support companies to better navigate this regulation and take the needed action to ensure robust, clear and transparent mechanisms that can guarantee deforestation-free commodity markets. As we also want to encourage companies to go beyond compliance to ensure full deforestation and conversion free supply chains, we have added a chapter on "Leadership Practices" for companies to engage in precompetitive collaboration beyond compliance with like-minded peers, government, and other stakeholders to advance solutions that address root causes and not only halt bad practices but further good ones. Specific annexes on cocoa, palm oil, rubber and timber are also available. Massive thanks to the #ForestForward team, especially to Lisa King and Jason Grant, for leading this effort, and to the many DCF colleagues across the network that were part of this process! Check all relevant resources here 👇 https://lnkd.in/geQsPZ2Y
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Diving into McKinsey's insightful piece on green commodities has been enlightening ✨ ✅ Our key takeaways: 🏗️ The Extra Mile for Green Commodities Producers face new challenges, from marketing their green products to redefining entire organizational structures. It's a complex journey that requires a fresh approach to everything from capabilities to capital allocation. 🤝 Setting Standards in Carbon Accounting The push for a carbon accounting standard is on. Transparency and auditable accuracy are key, with a collective effort needed from producers, NGOs, and academia to combat greenwashing effectively. 🏃♀️ Benchmarking Success Early adopters in the green commodity market are not just participating; they're setting the pace. Establishing clear product footprints creates benchmarks, guiding the entire industry towards lower emissions. 💰 Innovative Investment Approaches From risk-sharing to vertical integration, the path to green commodities is diversifying. Big names like Mercedes-Benz and Scania are leading by example, investing in start-ups that promise low-emissions materials. 💎 The Premium on Green As B2B customers show readiness to pay more for decarbonized products, green commodities are emerging as premium options. This shift mirrors consumer trends, valuing sustainability alongside product quality. 🔍 Understanding Premium Limits It's crucial for producers to gauge the premium consumers are willing to pay. A nuanced understanding of end-consumer markets and cost-of-living pressures can reveal opportunities for higher premiums upstream. 📢 Marketing the Green Advantage Capturing premiums and boosting demand hinges on effective marketing and communication. Highlighting the value-add of green commodities can significantly influence consumer and OEM preferences. 🏛️ Governmental Support for Green Steel and Concrete Initiatives like the Industrial Deep Decarbonization Initiative (IDDI) show significant public sector interest, with governments pledging to purchase low-carbon materials, offering a strong market incentive for early movers. Check out the full piece below and follow Nset for more green commodity insights! 👇 https://buff.ly/3wZ3hsG #SustainableBusiness #Scope3 #Insetting #CarbonInsetting #SupplyChain
The new imperative for green commodities
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"I'd like to challenge this room to think more broadly about problems in agriculture... trends that go beyond technology" - David Black , EVP Enterprise Transformation and Chief Information Officer at CHS Inc. the keynote of #Cultivate '24 Interlaced challenges effecting global trade of grain and commodities. An intersection of emerging problem sets. Some highlights about these problem sets (paraphrased by myself): 1. Disruptions in supply chain - Moving grain around the globe has rapidly changed. Conflicts like the war in Ukraine has changed the way grain moves around the globe. Weather and political variability. Panama canal, middle east. Delivery times are disrupted and increase. Changes in domestic use of grain in the US as energy and Agriculture have come together in new ways. Renewable fuels and Sustainable aviation fuel. Ethanol production and CO2 sequestration from ethanol production. 2. Sustainability - Compliance and regulation -- this has driven a timeline moving from when not if. Sustainability as an opportunity for value capture. A need for technology to move beyond how we execute farm operations and into deeper insights. "Rooms like this will create the solution... to solve challenges here and globally"
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As we transition towards a more sustainable future, multiple market failures still hinder the growth of green commodities. Enter the Green Market Maker (GMM) – an innovative intermediary that's rewriting the rules. Tomorrow, at #ClimateWeekNYC, we’re launching a new cross-industry report that explains how we can fast-track the Green Industrial Revolution. To mark the launch of the new report, MPP CEO, Faustine Delasalle, will speak at ‘Green Markets Day’ hosted by Bezos Earth Fund, participating in the session ‘Green Market Makers: How market making intermediaries can harness the power of markets’. If you’re new to GMMs, here’s a quick explainer: - A GMM buys and sells green commodities, and mobilises concessional capital to develop demand signals and help bridge the "green price gap". - By using tools like double-sided auctions, GMMs provide continuous price discovery, market liquidity and the stability needed to accelerate green markets. - The impact? GMMs optimise realised prices and the use of concessional capital, deliver price transparency in green commodity markets with no historical references, and accelerate the pace and scale of transactions in nascent markets to bring us closer to a net-zero future. With governments and climate finance institutions backing this approach, Green Market Makers could be the catalyst we need to scale global demand for green commodities. Look out for the report, launching tomorrow, which goes into the role of GMMs in detail, explaining how to unlock exponential growth in green industry. #GreenMarketMakers #Sustainability #ClimateAction #GreenCommodities #ZeroEmissions
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Despite all the noise around the European Green Deal, companies must try their best to go above and beyond just meeting the regulatory requirements to transition to a #netzero state - and there is no net zero without eliminating #deforestation and conversion from supply chains. This guide created by WWF teams will help you navigate this journey. Anne-Laure Faure Ahmad Furqon Prachi Jadhav Yi Hui Woo Veronica Robledo Ruth Thomas
📢 It's here! For those interested in EUDR compliance to tackle commodity driven deforestation in supply chains, do check our new #EUDRStepbyStepGuidance. This document is meant to support companies to better navigate this regulation and take the needed action to ensure robust, clear and transparent mechanisms that can guarantee deforestation-free commodity markets. As we also want to encourage companies to go beyond compliance to ensure full deforestation and conversion free supply chains, we have added a chapter on "Leadership Practices" for companies to engage in precompetitive collaboration beyond compliance with like-minded peers, government, and other stakeholders to advance solutions that address root causes and not only halt bad practices but further good ones. Specific annexes on cocoa, palm oil, rubber and timber are also available. Massive thanks to the #ForestForward team, especially to Lisa King and Jason Grant, for leading this effort, and to the many DCF colleagues across the network that were part of this process! Check all relevant resources here 👇 https://lnkd.in/geQsPZ2Y
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Director of the Center for Environmentally Sustainable Textile and Apparel Businesses (CESTAB)
4wWhat does the tool show for supply chains and human rights when you get to Asia? I have been told there may be 3 or more contract handoffs once there.