RELEX Solutions introduced new CO2 Analytics functionality that automatically tracks and reports the CO2 emissions of purchased products.
“Consumers are increasingly seeking sustainable products and favoring retailers that demonstrate a commitment to sustainability. Reducing CO2 emissions, especially for retailers given how much emissions purchased goods create, exhibits the importance of reducing carbon footprint,” says Svante Göthe, head of sustainability, RELEX Solutions. “However, acquiring CO2 emission factors often requires big investments in terms of time and effort. Our aim is to simplify and reduce the amount of time it takes to calculate emissions and provide accurate visibility into the carbon footprint of purchased goods.”
Key takeaways:
- RELEX CO2 Analytics automatically calculates CO2 emissions of purchased goods by combining emission factors for products using artificial intelligence (Al) algorithms, with the data already available in the RELEX platform. RELEX customers can leverage third-party data sources through the RELEX AI and data platform, supporting integration of data that further enhances optimization outcomes and uses the latest AI tools and techniques; in this case a form of natural language processing to match CO2 emissions data to products.
- RELEX CO2 Analytics empowers decision-making by providing data on the carbon footprint of products, and streamlines the data collection and analysis processes to optimize reporting and workload; supports regulatory compliance; and ultimately, enhances end-customer satisfaction by clearly exhibiting support for sustainability initiatives.
