Global management consultancy Bain & Company has formed a strategic partnership with Terralytiq, a startup specialising in supply chain decarbonisation intelligence solutions. This collaboration aims to help businesses optimise their supply chains by reducing both carbon emissions and costs, ultimately facilitating the delivery of products with lower carbon footprints.
Established in 2023, Terralytiq offers a platform that provides companies with transparency across industrial value chains, streamlining the collection of Scope 3 data. This facilitates the tracking of suppliers’ progress towards their decarbonisation targets. The platform allows users to calculate product carbon footprints and pinpoint carbon hotspots, supporting the development of initiatives that consider both cost and carbon impact for sustainable procurement. Terralytiq has set an ambitious goal to cut one billion tonnes of industry emissions by 2030.
Alexander Pfeiffer, co-founder and CEO of Terralytiq, stated:
“Early adopters of our solutions have been known to cut Scope 3 data-collection time by up to 70% while identifying multimillion-pound cost and risk savings. We are thrilled to be partnering with Bain globally to remain at the forefront of worldwide decarbonisation efforts, providing valuable insights to executives tasked with hard wiring resilience into their value chains as they simultaneously cut emissions.”
Bain and Terralytiq’s collaboration will see the development of new offerings built on Terralytiq’s AI-driven Scope 3 intelligence platform and decarbonisation copilot solution. This will provide businesses with detailed emissions data, and supplier- and facility-specific product carbon footprinting capabilities based on procurement data, alongside automated supplier engagement tools.
The partnership currently supports clients in sectors such as energy and natural resources, manufacturing, technology, and financial services, with plans to expand into additional industries throughout the year.
Torsten Lichtenau, Senior Partner and Global Head of Bain & Company’s Carbon Transition Impact Area, commented:
“Scope 3 emissions are notoriously difficult to both measure and abate. This strategic partnership will give our clients access to enhanced analytics tracking capabilities backed by Bain proprietary benchmarks and strategic insight, turning raw data into board-ready cases aimed at informing business leaders who are working to crack Scope 3 and beyond.”
