TRACT is a platform that standardizes sustainability measurement across agricultural supply chains, utilizing agreed methodologies to ensure data comparability and actionable insights. The platform addresses the challenge of data management by facilitating industry collaboration and compliance with evolving sustainability regulations.
Funding
$11.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Measuring and managing sustainability across agricultural supply chains is challenging due to a lack of standardized methodologies, resulting in inconsistent data and difficulty in comparing sustainability performance across different suppliers and regions. This makes it difficult for companies to track progress, comply with evolving regulations, and make informed decisions to improve their sustainability impact.
Solution
TRACT provides a SaaS platform that standardizes sustainability measurement across agricultural supply chains, enabling companies to manage and improve their sustainability performance. The platform uses agreed-upon methodologies and metrics, developed in collaboration with industry experts, to ensure data comparability and actionable insights. TRACT facilitates data sharing across supply chain partners, promotes industry collaboration, and offers features for traceability, risk assessment, and compliance with regulations such as the EU Deforestation Regulation (EUDR). The platform helps companies capture sustainability data, identify areas for optimization, and unlock efficiencies in their supply chains.
Target Audience
The primary target audience includes companies in the agriculture and food industry seeking to measure, manage, and improve the sustainability of their supply chains, as well as comply with evolving sustainability regulations.
Features
- Centralized platform for capturing and managing sustainability data across various product categories and geographical areas
- Aligned methodologies and metrics developed with industry specialists for consistent sustainability measurement
- Traceability mapping to provide full visibility of the supply chain from origin to end port
- Data onboarding tools to identify gaps and streamline data integration
- Data exchange capabilities with privacy controls to manage data sharing with supply chain partners
- Risk assessment and mitigation features for compliance with regulations like EUDR
- Integration with Global Forest Watch for deforestation analysis and metrics
- Reporting tools for generating insights at product, program, and company levels