RELEX Solutions has introduced a new CO2 Analytics functionality that automatically tracks and reports the CO2 emissions of purchased products. This capability aims to help companies comply with new global regulations that mandate reporting Scope 3 emissions, including emissions from purchased goods.

RELEX CO2 Analytics calculates CO2 emissions of purchased goods by combining emission factors for products using AI algorithms, with the data already available in the RELEX platform. It can also integrate third-party data sources through the RELEX AI and data platform, enhancing optimization outcomes and leveraging techniques like natural language processing to match CO2 emissions data to products.

According to RELEX, this new functionality empowers decision-making by providing data on products' carbon footprints, streamlines data collection and analysis processes for reporting, supports regulatory compliance, and enhances customer satisfaction by demonstrating support for sustainability initiatives.

Analyst QuickTake: Carbon emission monitoring solutions are gaining traction with global regulations mandating companies to report emissions. In January 2024, Circulor partnered with ACC to deliver a new solution that specifically traced raw material origins and carbon emissions.