Disclaimer: Following the acquisition of FigBytes by AMCS Group in 2023, AMCS has brought together the sustainability reporting and management capabilities of FigBytes with the safety compliance and incident management functionality of Quentic into one unified, AI-enabled ESG & EHS software.
OTTAWA, Ontario, Canada, Nov 27, 2023 – FigBytes (now Quentic), creators of the leading ESG Solution for impact-focused organizations, today announced its inclusion in independent research and consulting firm Verdantix’s 2023 Smart Innovators: Supply Chain Carbon Management report, 20231.
The report provides a detailed fact-based comparison of the capabilities of vendors that provide supply chain carbon management functionality. This report benchmarks the innovation evident amongst 20 supply chain carbon management providers across five capability areas: supplier engagement, data management, data calculation, data analysis, and decarbonization implementation. The report provides sustainability and supply chain leaders with an in depth understanding of the functionality for supply chain carbon management and a detailed vendor comparison.
Verdantix notes the company’s strength in the supplier engagement category, with FigBytes (now Quentic) achieving a high score for its supplier outreach feature. Verdantix also recognized the company’s strengths in the data management category, noting market-leading functionality in data quality control. For its data calculation capability, FigBytes (now Quentic) achieved the highest possible score for data auditability and a high score for emissions factor sourcing.
“Mismeasurement of supply chain emissions can increase firms’ vulnerability to climate risk and create costs,” explains Alastair Foyn, Analyst, Net Zero and Climate Risk at Verdantix. “Organizations that conduct robust supply chain emissions management can minimize litigation and reputational risks, create achievable reduction targets and transition plans, and increase supply chain resilience.”
Recently, FigBytes (now Quentic) released an enhanced version of its Scope 3 solution. The latest version empowers organizations to improve the way they measure, manage, and optimize their Scope 3 emissions tracking, providing a more complete view of an organization’s emissions reduction initiatives and overall sustainability program.
“The recent enhancements to our Scope 3 solution reflect our commitment to dramatically improve supply chain carbon management solutions for organizations everywhere,” said Ted Dhillon, co-founder, FigBytes. “We thank Verdantix for recognizing FigBytes in their latest report as we continue to experience momentum in the market. Our platform empowers businesses to make informed decisions, meet reporting obligations, and make meaningful progress toward reducing their environmental impact.”
Get the report
The Smart Innovators: Supply Chain Carbon Management report, 2023, is available for download from Verdantix website (subscription is required).
Media Contacts
Dwayne Weppler
AMCS Group
dwayne.weppler@amcsgroup.com
1-226-581-5166
* Verdantix Smart Innovators: Supply Chain Carbon Management, Sept 2023
