TraceGains Unveils Integrated ESG Solutions for Food and Beverage Industry

WESTMINSTER, Colo. — TraceGains, developer of software for the food and beverage industry, unveiled additions to its networked ecosystem, establishing a new benchmark in Environmental, Social, and Governance (ESG) readiness and compliance.

TraceGains is broadening its impact in ESG through strategic partnerships with DitchCarbon, HowGood, Sedex, and Sustained. These collaborations elevate the visibility and manageability of ESG efforts across the worldwide supply chain, delivering a state-of-the-art, cost-effective solution that integrates into brands' sourcing, compliance and product development workflows, said TraceGains.

In its 2023 "State of ESG Compliance for the Food and Beverage Industry Report," TraceGains found that despite the challenges around delivering on ESG compliance, most food and beverage brands (64%) acknowledge its growing importance and have a strong desire to embrace more sustainable practices across their value chain. In fact, 50% of all respondents said they'd be willing to stop production on a product altogether if it could not be produced in accordance with ESG objectives.

"In July, we'll launch the first of many integrated solutions on our platform that address a wide range of ESG-related needs using datasets mapped to our global supply chain network of more than 550,000 ingredients and 80,000 supplier locations," said Greg Heartman, vice president of product management at TraceGains. "It's an exciting time for our clients, because they'll gain immediate access to the world's most trusted and comprehensive ESG assessments from specialized global experts assessing and measuring supply chains' carbon emissions, deforestation, ethical labor and sustainability. Built on the same robust foundation as our TraceGains network, these new solutions reflect our ongoing commitment to continuously improve and create value for our customers. This initial release is just the beginning of what the market can expect to see from us."

With these new partnerships, TraceGains will build on platform intelligence capabilities to aggregate and map ESG environmental data onto supply chains, down to the ingredient and location level. This provides companies worldwide with insights and benchmarks to streamline compliance and product development. This initiative enables companies to assess and address ESG standards and goals, armed with pre-loaded, standardized data for immediate use upon joining the network.

"Companies no longer want separate solutions," said Gary Iles, senior vice president of marketing at TraceGains. "ESG commitments require a comprehensive, extensible network platform addressing all relevant datasets, now and in the future. By embracing an integrated partner ecosystem approach, TraceGains delivers evolving solutions that remove the hassle of managing disjointed multi-vendor software. These enhancements thrust clients years ahead in their ESG initiatives, optimizing daily operations while cutting through market confusion to reach ESG objectives now."