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Quebec City, November 21, 2023 – OPTEL, a pioneer in traceability systems for a wide range of applications and industries, including carbon tracking and tracing, today announced it has achieved full compliance with the Partnership for Carbon Transparency (PACT) initiated by the World Business Council for Sustainable Development (WBCSD).

With this strategic move, OPTEL reaffirms its commitment to providing companies with an all-in-one regulatory supply chain transparency platform to meet regulatory compliance for a variety of frameworks, such as the PACT, the EU’s DPP, CSRD and EUDR, as well as sustainability targets, including greenhouse gas (GHG) emission reduction.

Integrated within OptchainTM, the company’s end-to-end supply chain performance, resiliency, and sustainability platform, OPTEL’s automated and secure carbon footprint solution has become the most trusted means to effectively capture and monitor emissions data—both at the corporate and product level.

Accurate accounting for emissions throughout a product’s lifecycle has challenged organizations globally for years. The lack of primary data and the reliance on general-purpose emission databases often resulted in generic data that fell short of organizational needs and regulatory requirements. The varying methodologies and existing standards left a significant margin for interpretation, leading to inconsistent and insufficient accounting, reporting, and exchange of emissions data.

PROVIDING COMPANIES WITH AN ALL-IN-ONE REGULATORY SUPPLY CHAIN TRANSPARENCY PLATFORM

Until now OPTEL’s conformity with the PACT addresses these gaps by delivering granular, trusted carbon footprint calculations, enabling organizations to:

  • Track and trace GHG emissions data upstream and downstream of even the most complex, multi-faceted supply chains
  • Ensure highly accurate, real-time GHG reporting
  • Speed up compliance readiness
  • Accelerate decarbonization plans
  • Reduce the costs and litigation risks associated with reporting compliance
  • Enhance supply chain visibility to boost resilience

“OPTEL’s compliance with the PACT framework provides a practical, efficient path for businesses to meet environmental regulations and manage their carbon footprint confidently,” explained Florent Bouguin, Chief Technology Officer, at OPTEL. “We empower our clients with the tools to unlock the power of data, enable collaboration and accelerate our fight against climate change.”

 

ABOUT OPTEL

OPTEL is a global leader in traceability and supply chain optimization solutions. With a mission to create a better world through innovative technologies, OPTEL Group empowers businesses to make informed decisions, reduce environmental impact, and enhance overall efficiency.

 

ABOUT THE PACT / WBCSD

The World Business Council for Sustainable Development (WBCSD) is a global force driving corporate sustainability, uniting businesses to address key environmental and social challenges. Through innovative initiatives like the Partnership for Carbon Transparency (PACT), WBCSD is advancing emissions transparency with a breakthrough in value chain data exchange. PACT exemplifies the council’s commitment to shaping a sustainable future by facilitating collaboration and transparency across industries.

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