Closing out the Week

Thank you for tuning in! This live blog would not have been possible without our Terras on the ground in the US.

You can read our event highlights at the blog below:

Terrascope expands presence into USA and widens tooling to tackle product-level emissions

In a press release, Terrascope has announced that it is formally making its market entry into the United States. 

This US launch marks Terrascope’s third major market expansion since its founding in Singapore in 2022.

As quoted from Maya Hari, Terrascope's CEO, "We’re setting a new standard in carbon footprinting and making important connections between enterprises and the supply chain globally. Our self-serve tool makes it easier than ever for companies to measure the climate impact of their products at scale, and take actionable steps to cut emissions across their entire supply chain. It’s a game-changer for consumer goods companies looking to uncover hidden emissions hotspots, drive real climate impact, and explore new green revenue opportunities." 

Read the rest of the press release at:
https://www.terrascope.com/blog/us-market-expansion

Capping off another wonderful day at Climate Week NYC!

After a thrilling session on decarbonization with
Sherry Madera, CEO of CDP,
Claire Perry O'Neill, Vice Chair of the Global Imperatives Board, WBCSD,
Felipe Daguila, CCO of Terrascope
Nat Bullard, Co-founder and CSO, Halcyon

Our Terras took to networking, and circulating around the summit. Have a look!

Summary of Panel #2: Decarbonisation in Action

The panel, moderated by Nat Bullard, CSO of Halcyon, featured Claire Perry O'Neill, ex-UK Minister for Energy and Clean Growth, Felipe Daguila, Terrascope’s Chief Customer Officer and Sherry Madera, CEO of CDP, who spoke about practical decarbonization strategies and the need for measurable, actionable steps.

During the panel, Claire discussed her experience as the former UK Minister of State responsible for Clean Energy & Responsible Growth, and emphasizes the importance of reducing emissions where they are highest and rapidly accelerating decarbonization efforts. While progress has been made, she stated, the pace must accelerate.

Reduction and removal of CO2 is imperative, and Climate Week only stresses the necessity for ‘just transitions’ that can be numerically defined and achieved at both government and corporate levels.

Responding to this, Felipe agreed with Claire in that decarbonization should be viewed not only as a responsibility but also as an opportunity to create corporate value. He emphasized this need for initiatives that integrate sustainability with corporate value creation, highlighting that decarbonization initiatives can indeed be financially beneficial.

Sherry, drove home this point by emphasising the criticality of data to back decarbonization efforts. For one, she emphasised the importance of measurement for effective management, presenting data that companies that disclose their emissions see significant reductions within a few years. Although mandatory disclosures may hurt initially, transparency leads to cost and emissions savings.

Their conversation soon shifted to the practicalities of decarbonization and its role in business strategy. Felipe discussed the business perspective, splitting companies into three categories: those focused on reporting due to regulatory demands, those integrating sustainability into business planning, and those uncertain about how to proceed.

This, posed a conundrum to companies navigating reporting for the first time, especially as Claire highlighted that the issue has been largely confined to specialists, making it inaccessible to broader business participation. She stressed the need to simplify jargon and engage the private sector actively in the conversation to foster broader and faster action.

Active engagement, not the retroactive shifting of goalposts is instrumental for effective decarbonisation, as many countries and companies miss their targets and often respond by simply setting new ones without understanding the root causes of their shortcomings.

Businesses, as the panelists agreed, must pivot conversations from compliance-driven discussions to how decarbonization can create tangible value. He drew attention to the need for measurable and actionable plans that businesses can implement to see real-world benefits both for the environment and their bottom lines.

Stay tuned for more discussions and insights as we continue to explore ways to combat climate change and work towards a decarbonized world.

Live: Claire Perry O'Neill on Mobilizing Global Decarbonization

Live now: Decarbonisation in Action

An electrifying session on global decarbonisation, ⚡️⚡️⚡️, as the speakers at our panel, Decarbonisation in Action: Global Trends & Future Directions, took the stage. Delving into the latest trends, challenges and opportunities in #climate policy and corporate action, the session was an insightful discussion on the current state of global #decarbonization.

Our panel featured:

Sherry Madera, CEO, CDP
Claire Perry O'Neill, Vice-Chair, Global Imperatives Board, WBCSD – World Business Council for Sustainable Development
Felipe Daguila, CCO, Terrascope
Nat Bullard, CSO, Halcyon

Did we also mention we have a booth at The Nest Climate Campus? Drop by at level 3, booth #205D in front of the Media Hive!

Terras Spotted across Climate Week NYC

Our Terras on the ground at Climate Week NYC 🌱 🗽 have been across Manhattan participating in panels, leading summits, and taking meetings! Have a look 👀 below on where they've been.

Register for our panels: https://lnkd.in/e6KcF7jk

If you're in the US, feel free to drop by our booth #205D, on the third floor of The Nest Climate Campus!

Maya Hari, Terrascope CEO, interviewed for the "We Don't Have Time" podcast

Happening live at 5.15pm EST, our very own CEO, Maya Hari will be speaking to James Kotecki of the We Don't Have Time podcast, about her vision for the future in context of the climate conversations around the city. Tune in at WDHT's site at: https://www.wedonthavetime.org/events/nest-medialounge2024

Summary of Panel #1:  Proven Strategies for Suppliers & Brands

Moderated by Maya Hari, CEO of Terrascope, this panel featured Julie Greene, CSO at Olam Agri, and Jennifer Hebets, Senior Director for Responsible Sourcing at Kelanova. 

Their conversation delved into decarbonization journeys, with Olam Agri's focus on staple commodities and extensive farmer collaborations, and Kellanova's efforts in securing supply and partnerships. Data, market mechanisms, and evolving business strategies were what the panelists identified as key building blocks for any decarbonisation strategy. They also agreed that there was a strong, significant need for market-based incentives and pragmatic business engagement to drive substantial change in the agrifood sector.

Julie discussed Olam Agri's comprehensive approach to mapping out its supply chains and the challenges of quantifying carbon impact. Starting out from a single spreadsheet, the company has completely revolutionized their approach, moving towards Terrascope to identify carbon hotspots. Olam Agri has been enabled by Terrascope’s capabilities to prioritize 40 intervention areas, such as renewable energy in factories and improved farming practices. Specific projects include reducing methane emissions in rice cultivation through alternate wetting and drying, and regenerating soils in cotton farming by increasing organic matter, especially in West Africa.

Jennifer spoke more about Kellanova's journey. Having made strides in tackling its Scope 1 and 2 emissions, Kellanova has turned its focus to its Scope 3 footprint, which constitutes the majority of its carbon emissions. Kellanova’s partnership with Terrascope has reaped dividends, particularly as the company has gained a granular understanding of its carbon footprint and launched numerous initiatives involving suppliers and MRV partners, of which examples include, no-till farming in Mexico and a local ecosystem project in North Carolina.

These real, on-the-ground examples returned to the crux of their conversation: that data-driven decisions, long-term farmer partnerships, and scalability are crucial in the decarbonisation journeys of today. The need for market mechanisms, government incentives, and industry collaboration to promote sustainable practices on a larger scale, only reinforces that.

Highlights of Panel #1: Jennifer Hebets on mobilising stakeholders towards decarbonisation

Here's what Jennifer had to say about the effort taken to bring stakeholders toward decarbonisation at scale.

Thanks for attending!

“Decarbonizing the Agri-Food Value Chain: Strategies for Suppliers & Brands” went off without a hitch! Jennifer Hebets of Kellanova, Julie Greene of Olam Agri, and Maya Hari of Terrascope had an engaging conversation around proven strategies and live case studies on achieving decarbonisation across global supply chains. The multi-faceted nature of climate change as we understand it requires thorough granular understanding of world supply chains with hundreds, if not thousands, of stakeholders. As they discussed, there are real benefits towards utilising Terrascope's platform for managing thousands of line items and SKUs, across both Scope 3 - and the diverse, thousands-strong portfolio of agri-food companies around the world.

Attend our panel!

Happening on 24th September, we have a panel titled “Decarbonizing the Agri-Food Value Chain: Strategies for Suppliers & Brands”. Join our speakers, Jennifer Hebets, Julie Greene, and Maya Hari as we discuss proven strategies for global suppliers and brands to achieve decarbonization strategy across their supply chain.

Sign up here.

Come swing by! We're at level 3 of Nest Climate Campus, right in front of the Media Hive Studios.

Terrascope at Climate Week NYC

As a Campus Supporter for Climate Week NYC, we're proud to bring you several events about decarbonisation and climate strategy that'll shape the conversation for years to come. Come by our booth at #206D, North Javits, Nest Climate Campus to say hi!

Struggling with how you can gain visibility over tens of thousands of SKUs without supplier data?

For companies that sit within consumer goods and the extended agri-food supply chain, decarbonising Scope 3.1 purchased goods & services seems like an insurmountable challenge, especially when reliant upon generic emission factors.

Product Carbon Footprint offers an intelligent alternative to estimating the emissions from their purchased goods, offering tangible decarbonisation insights, but can be costly to generate at a large scale. If you are in the food & beverage or agri sector managing a large number of products this is the tool for you!

Try out our PCF capabilities at our booth at #205D or our microsite:
pcf-demo.terrascope.com

Our Terras are hard at work preparing some of our merch for distribution at Climate Week NYC! Some of this merch are totebags, sourced directly from Spectrum Designs, a custom apparel business, whose workforce is more than 50% neurodiverse. These totebags contribute to meaningful employment opportunities for the neurodiverse, so you’ll be contributing to a good cause when you speak to one of our Terras on the ground to secure one for yourself!

Don’t forget → we’re at booth #205D, so swing by and say hi!

Terrascope at Climate Week NYC

With it just weeks away, Terrascope is pleased to bring you up-to-date coverage of Climate Week NYC! As one of the premier global climate events, Climate Week NYC happens annually to gather the best and brightest minds in the sustainability space.

Climate Week NYC partners with the United Nations General Assembly and New York City to focus sustainability action, and bring us towards a better tomorrow. Organised around a week packed with activities across the city, this summit is being held from September 22-29, 2024 in Manhattan, New York City.

The summit’s 2024 theme is “It’s Time”, representing the critical urgency of climate action. With 2024 being warmer than ever, people, companies, and communities around the world have been shocked awake by the emergent state of global climate change.

Stay tuned as we bring you coverage from across the summit, in our Live Blog, where we’ll identify key events that are great for checking out!