Optera Unveils Enhanced Supply Chain Manager for Improved Emissions Data Transparency
In a move to address the growing demand for more transparent and granular supply chain emissions data, Optera, a leader in ESG and carbon management software, has released the next generation of its Supply Chain Manager platform. This upgrade is designed to help companies navigate increasingly stringent regulatory requirements, particularly concerning scope 3, category 1 emissions reporting.
The new version of the platform offers enhanced capabilities for managing supply chain emissions data at a more granular level, allowing organizations to achieve more effective decarbonization efforts throughout their value chains. This is crucial as companies face mounting pressure from regulations such as the European Union’s Corporate Sustainability Reporting Directive (CSRD) and California’s Climate Corporate Data Accountability Act. These regulations demand transparent and auditable supply chain emissions data.
“We’re not just providing a tool; we’re enabling a transformative approach to sustainability,” said Tim Weiss, CEO and co-founder of Optera. “With enhanced supplier data granularity, transparent calculations, and accelerated time to insight, Optera is making it easier than ever for companies to drive climate action throughout their value chains.”
The upgraded platform builds upon Optera’s existing strengths, including a comprehensive database of emissions data from over 10,000 companies, advanced upstream calculation methodologies, and stringent supplier data quality standards. Here are some of the key updates in Supply Chain Manager:
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More detailed supplier data:
The system now accommodates facility-level and business unit emissions data from suppliers, with the ability to incorporate product-level emissions insights in the near future. This enhanced level of detail enables a more accurate and comprehensive understanding of emissions across the entire supply chain.*
Increased calculation transparency:
The platform displays emissions calculations, sources, and emissions factor mapping clearly within the interface. This ensures complete traceability of data for sustainability teams, stakeholders, and auditors, fostering trust and accountability.*
Faster time from onboarding to report:
Companies can now access initial supply chain emissions data within weeks, allowing for a quicker start to their category 1 inventory. Automated reporting streamlines submission for the most common reporting frameworks, saving time and resources.*
Enhanced user interface:
A more streamlined design promotes collaboration among cross-functional teams, including company leadership and stakeholders beyond sustainability teams. This collaborative environment fosters a shared understanding and commitment to sustainability goals.These enhancements complement Optera’s recently launched Outreach module, which empowers companies to gather emissions data directly from their suppliers, regardless of their emissions reporting readiness.
Recent research conducted by Optera highlights the critical role of supplier engagement in achieving sustainability goals. The study, which surveyed professionals in manufacturing, retail, financial services, and information technology, revealed a strong consensus on the importance of supplier engagement in light of the growing adoption of emissions reporting, verification, and science-based targets (SBTs):
* 70% of respondents are collaborating across their value chain to support supplier decarbonization efforts.
* 73% have established science-based targets.
* Over 90% report emissions publicly or to regulators and customers.
“These metrics underscore the critical role our Supply Chain Manager plays in today’s sustainability landscape, giving companies the data and collaborative capabilities necessary to make substantial value chain emissions reductions,” said Weiss.
Optera’s upgraded Supply Chain Manager is now available to all current customers. For more information, visit opteraclimate.com.
About Optera
Optera is the leading carbon management software designed to drive bold climate action. Backed by decades of sustainability expertise, Optera empowers corporations worldwide to reduce their environmental impact by providing credible carbon accounting for Scope 1, 2, and 3 emissions, actionable insights and forecasts, and tools for collaboration with supply chain and investment partners.
Optera’s client base includes some of the world’s most established and ambitious corporate sustainability programs, including Dell, HPE, Zayo, and Williams-Sonoma. The company also partners with leading NGOs such as BSR, CDP, and the World Economic Forum, as well as industry associations like the Responsible Business Alliance and the Retail Industry Leaders Association, to advance corporate ESG practices globally. Optera is registered as a Public Benefit Corporation in the State of Delaware.
