TRACEABILITY SOLUTION FOR RESPONSIBLE SOURCING

Sourcing and supply chains can have a huge impact on ethics, sustainability and social conditions. Luckily, as consumer demand for proven responsible sourcing grows, so does corporate willingness to comply.

At OPTEL, we believe that responsible sourcing is critical for creating a more sustainable and equitable world. Our technology solution enables companies to track products across their supply chains, monitor their carbon footprint,s and assess ESG metrics of all supply chain stakeholders. With our technology, companies can identify areas where they can improve their responsible sourcing practices and take action to reduce their environmental impact, protect human rights, and promote sustainable economic growth.

We are committed to helping our clients achieve their responsible sourcing goals and create a better future for all. Our traceability solutions are implemented in more than 17 countries around the globe, solving numerous types of sourcing problems for businesses, NGOs and governments.

OUR PLATFORM CAN PROVIDE ANSWERS, COMPLETE VISIBILITY AND STRONG ANALYTICS ON MULTIPLE ISSUES

ENVIRONMENT AND SUSTAINABILITY

What is the carbon footprint of the product or ingredients? Are the farmers using the right pesticides and fertilizers? Is deforestation happening? Are regenerative agricultural practices being applied, and if so, what are the results?

SOCIAL RESPONSIBILITY AND ETHICS

What are the working conditions? Is there any risk of child labor? Are the farmers paid fair prices? What conditions are they living in? How can their situation be improved?

GOVERNANCE AND ENVIRONMENTAL STEWARDSHIP

How does the company ensure that it is in compliance with all relevant environmental regulations and standards? What steps has the company taken to reduce its environmental footprint? What are the company’s policies on climate change, and how does it disclose its carbon emissions and climate risks? Does the company have any environmental certifications, such as ISO 14001 or LEED certification, and how does it ensure ongoing compliance with these standards?

GAIN END-TO-END SUPPLY CHAIN VISIBILITY

The first step is to identify, locate and understand the risks in the supply chain. This is the greatest challenge for any organization that sources commodities and products. Today’s traceability technologies are the solution.

Implementing a traceability platform from raw-material sources (farms, mines, etc.) to manufacturing sites and beyond enables real-time, highly accurate supply chain visibility and mapping. This visibility can be used for operational insights, regulatory compliance, transparency for the consumer and more, depending on your company’s objectives.

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MEASURE, MONITOR AND ACT ON NEGATIVE SUPPLY CHAIN IMPACTS

One of the key differentiating features of our Optchain solution is that we collect both quantitative and qualitative data across the entire upstream supply chain. This allows us to monitor practices and processes at a granular level and modify our system settings as needed to ensure that all stakeholders are aligned.

Our technology can help your business secure its supplies by tracking the movement of raw materials throughout the supply chain, authenticating raw materials and certifications, and identifying any non-conformities or counterfeits. In addition, our solution can be used to support responsible sourcing practices monitoring, such as regenerative agriculture programs and other sustainability initiatives.

Optchain can provide detailed information about the origin of raw materials, the environmental impact of production processes, and the social responsibility practices of suppliers, which can be used to feed a Digital Product Passport and improve transparency and traceability in product supply chains.

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INCLUDE A CARBON FOOTPRINT ASSESSMENT

In addition to improved visibility on sourcing, Optchain can help you track the carbon footprint of your products or ingredients. This data can easily be added to our responsible sourcing solutions to improve sustainability. Learn more about the Carbon Footprint Assessment solution in our dedicated section below.

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SUPPLIER ASSESSMENT

Our Supplier Assessment solution provides a comprehensive and customizable approach to assessing suppliers across a range of metrics, including environmental, social, and governance criteria. We offer the flexibility to use industry-standard questionnaires or build custom questionnaires tailored to our customers’ specific needs and requirements. All supplier assessment data is reported and consolidated within our OptchainTM, providing real-time visibility and transparency into supplier performance and compliance. This allows our customers to make informed decisions about supplier selection, identify areas for improvement and mitigate potential risks in their supply chains

TRACEABILITY TO COMBAT DEFORESTATION

Optchain can help companies comply with the EU Deforestation Regulation (EUDR) by providing the necessary tools to conduct due diligence in their supply chains, such as identifying areas of high deforestation risk, tracking the origin of raw materials, and monitoring environmental and social practices of suppliers. Optchain provides a traceability system that links commodities to their exact geographic location of origin, ensuring that only deforestation-free and legal products are allowed on the EU market. By using our solution, companies can demonstrate their commitment to responsible sourcing and avoid the potential fines of non-compliance with the EU Deforestation Regulation.

Optchain is integrated with satellite imagery providers, which can detect and confirm instances of deforestation or forest degradation on specific plots of land, providing even greater accuracy and reliability in identifying potential risks and ensuring compliance with the EU Deforestation Regulation. This integration further enhances the traceability and transparency of supply chains, enabling companies to make informed decisions and take action to address any identified issues.

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