Enhanced AI capabilities enable clients to optimize their supply chain for carbon and costs, and capture the commercial upside of delivering lower carbon products.

Bain & Company, a leading global management consulting firm, announced a strategic partnership with Terralytiq, a supply chain decarbonization intelligence solutions provider with a mission to reduce one billion tons of industry emissions by 2030.

The partnership pairs Bain’s deep industry expertise in strategic advisory and business transformation with Terralytiq’s ability to deliver advanced decarbonization analytics, as companies around the world contend with how to lower emissions, particularly Scope 3, and achieve 2030 near-term targets.

Building on a track record of joint client success since 2023, this announcement marks a new phase in the relationship between Bain and Terralytiq with a focus on deploying the latest AI-enabled capabilities to optimize clients’ supply chains for carbon and cost, and to use the latest product carbon footprinting approach to help clients measure and capture commercial opportunities from low carbon products.

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Together, Bain and Terralytiq will jointly support clients and co-develop a set of enhanced offerings backed by Terralytiq’s AI-driven Scope 3 intelligence platform and decarbonization copilot. This will provide companies with the capabilities needed to identify emissions reductions at a granular level, create supplier- and facility-specific product carbon footprints based on procurement data, and automate supplier outreach and eliminate months of manual data collection, reducing the time needed between planning and execution.

“Bain has had a strong relationship with Terralytiq since its founding and we are excited to take our partnership with them to the next level, as we help businesses create commercial value through delivering their sustainability goals,” said Torsten Lichtenau, senior partner and global head of Bain & Company’s Climate Change and Decarbonization solution. “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.”

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“Early adopters of our solutions have been known to cut Scope 3 data-collection time by up to 70% while identifying multimillion-dollar cost and risk savings,” said Alexander Pfeiffer, co-founder & CEO at Terralytiq. “We are thrilled to be partnering with Bain at a global level to remain at the forefront of worldwide decarbonization efforts, providing valuable insights to executives tasked with hard wiring resilience into their value chains as they simultaneously cut emissions.”

Supply chain resilience and commercializing low-carbon offerings have become a priority for CEOs across all sectors as they juggle decarbonization efforts with geopolitical and other business imperatives. The partnership is already supporting clients across energy and natural resources, manufacturing, technology, and financial services sectors, and is expected to be rolled out to further industries this year.

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Source – PR Newswire