Helsinki – June 9, 2022. RELEX Solutions, provider of AI-driven supply chain and retail planning solutions, announced today that they have retroactively achieved carbon neutrality for 2021 and begun compensating annually for their emissions. RELEX partnered with offsetting provider Compensate to calculate and offset their carbon footprint. In practice, this means the company successfully removed or avoided 2,544 tonnes of CO2 emissions.
RELEX reached the milestone through investments in two initiatives: afforestation in Qianbei, China, where 47,061 hectares of barren land are being converted into a forest, and the Luangwa Community Forests Project in Zambia, which improves local communities and protects 1 million hectares of wilderness areas.
RELEX and Compensate calculated the solution provider’s carbon footprint across scopes 1, 2 and 3, addressing both direct and indirect emissions. The approach allowed RELEX to gain a holistic view of their carbon output, helping the company to innovate, execute, and track new ways to reduce emissions from all three scopes.
“Solving the carbon emissions challenge first requires understanding its scope, so our priority was to gain visibility into how our operations impacted the environment, then counteract those impacts successfully,” says Svante Göthe, Head of Sustainability at RELEX. “Reducing and offsetting carbon emissions is everyone’s responsibility – whether you’re a manufacturer, distributor, retailer, or solution provider, it’s important to scrutinize your footprint and take meaningful steps to address it.”
These global carbon offset projects are in addition to strategies RELEX has already put in place to reduce their emissions. Flexible work-from-home policies, reducing non-essential business travel, successful remote implementations, and maximizing renewable energy coverage in RELEX’s cloud computing are a few examples of current initiatives that will continue to evolve.
“At RELEX, we pride ourselves on how our technology helps retailers, wholesalers, and consumer packaged goods companies become more sustainable, helping customers cut food waste by up to 40%. That’s why it’s even more important that we practice what we preach, both in the long term through emissions reduction, and the short term through emissions offsetting,” says Mikko Kärkkäinen, Co-Founder and Group CEO at RELEX. “We’re proud to support programs such as the Qianbei and Luangwa projects that will have tangible, positive impacts on their regions for years to come.”
For more on RELEX’s sustainability efforts and to access the full sustainability report, visit relexsolutions.com/sustainability/.
About RELEX Solutions
RELEX Solutions helps retailers and consumer brands drive profitable growth across all sales and distribution channels by maximizing customer satisfaction and minimizing operative costs. Our market-leading, unified supply chain and retail planning platform helps retailers and consumer goods companies align and optimize demand, merchandising, supply chain, and operations planning across the end-to-end value chain. We drive record-high product availability, increased sales, improved sustainability, and the best return on investment in inventory, space, workforce, and capacity. Leading brands like Dollar Tree and Family Dollar, Stokke, Rite Aid, Sprouts Farmers Market, AutoZone, and PetSmart trust RELEX to optimize their supply chain and retail planning.
Compensate combats climate change by offering everyone easy access to carbon capture. To achieve this mission, Compensate combines a market-disrupting sustainability approach with scalable software solutions. To learn more about Compensate, visit compensate.com/about-us.