Independent research firm gives FigBytes high scores across five features in new Smart Innovators report
OTTAWA, Ontario, Canada, Nov 27, 2023 – FigBytes, creators of the leading Sustainability Platform for impact-focused organizations, today announced its inclusion in independent research and consulting firm Verdantix’s 2023 Smart Innovators: Supply Chain Carbon Management report, 20231.
The report provides a detailed fact-based comparison of the capabilities of vendors that provide supply chain carbon management functionality. This report benchmarks the innovation evident amongst 20 supply chain carbon management providers across five capability areas: supplier engagement, data management, data calculation, data analysis, and decarbonization implementation. The report provides sustainability and supply chain leaders with an in depth understanding of the functionality for supply chain carbon management and a detailed vendor comparison.
Verdantix notes the company’s strength in the supplier engagement category, with FigBytes achieving a high score for its supplier outreach feature. Verdantix also recognized the company’s strengths in the data management category, noting FigBytes’ market-leading functionality in data quality control. For its data calculation capability, FigBytes achieved the highest possible score for data auditability and a high score for emissions factor sourcing.
“Mismeasurement of supply chain emissions can increase firms’ vulnerability to climate risk and create costs,” explains Alastair Foyn, Analyst, Net Zero and Climate Risk at Verdantix. “Organizations that conduct robust supply chain emissions management can minimize litigation and reputational risks, create achievable reduction targets and transition plans, and increase supply chain resilience.”
Recently, FigBytes released an enhanced version of its Scope 3 solution. The latest version empowers organizations to improve the way they measure, manage, and optimize their Scope 3 emissions tracking, providing a more complete view of an organization’s emissions reduction initiatives and overall sustainability program.
“The recent enhancements to our Scope 3 solution reflect our commitment to dramatically improve supply chain carbon management solutions for organizations everywhere,” said Ted Dhillon, co-founder, FigBytes. “We thank Verdantix for recognizing FigBytes in their latest report as we continue to experience momentum in the market. Our platform empowers businesses to make informed decisions, meet reporting obligations, and make meaningful progress toward reducing their environmental impact.”
Get the Report
The Smart Innovators: Supply Chain Carbon Management report, 2023, is available for download from Verdantix website (subscription is required).
FigBytes empowers impact-focused organizations to make positive change for people and the planet. The FigBytes Sustainability Platform transforms complex environmental, social, and governance information into simple reporting and functional insights by capturing operational and supplier data in a central, secure, cloud-based platform that manages strategy, automates framework reporting, and simplifies stakeholder engagement, for climate, water, and beyond. FigBytes has been part of the AMCS Group since October 2023. To learn more, visit https://figbytes.com/
1 Verdantix Smart Innovators: Supply Chain Carbon Management, Sept 2023