CommonShare provides a Collaborative Lifecycle Cloud platform designed to harmonize supply chain data against evolving global sustainability regulations like EUDR and UFLPA. The platform uses private AI copilot technology to automate data mapping and validation, significantly reducing manual workload for compliance and risk mitigation. It enables businesses to collaborate with their network, integrate third-party attestations, and generate traceable evidence trails for impact claims.
Funding
Funding not disclosed
Founders
Product
Problem
Many companies struggle to track and manage sustainable practices within their supply chains due to a lack of transparency and collaboration among stakeholders. This makes it difficult to ensure ethical sourcing, reduce environmental impact, and comply with increasingly stringent regulations. Existing solutions often lack the ability to verify sustainability claims and accurately assess product footprints.
Solution
CommonShare provides a collaborative platform that enables supply chain stakeholders, including retailers, manufacturers, and producers, to track and manage sustainable production and consumption. The platform facilitates order traceability, collaborative decarbonization, verified claims, product footprinting, and access to a marketplace of sustainable solutions. By connecting these stakeholders, CommonShare promotes transparency, incentivizes primary data collection, ensures data quality and sovereignty, and authenticates supply chain data through trusted certification bodies and verification methods. The platform offers flexible integration options, decentralized input, real-time monitoring and alerts, and detailed reporting and insights.
Target Audience
CommonShare targets retailers, brands, manufacturers, suppliers, standard owners, and certification bodies seeking to improve sustainability and transparency in their supply chains.
Features
- Order Traceability: Track products from production to delivery, increasing client trust.
- Collaborative Decarbonization: Reduce carbon footprints across shared supply chains through network-driven collaboration.
- Verified Claims: Ensure sustainability claims are credible, traceable, and compliant.
- Product Footprinting: Measure and analyze the environmental impact of products with expert analysis.
- Flexible Integration: Integrate via APIs, bulk uploads, or intuitive dashboards.
- Decentralized Input: Producers and manufacturers directly input data, maintaining data integrity.
- Real-time Monitoring and Alerts: Stay informed with real-time alerts on crucial supply chain points.
- Reporting and Insights: Generate detailed reports and gain actionable insights for supply chain optimization.
- Data Privacy & Sharing: Securely share supply chain sustainability data with stakeholders and regulators.
- Graph Database: Identify connections and overlaps in the supply chain to create incentives for decarbonization.