FreightWaves Carbon Intelligence
Introducing a network-level solution for emissions management
FreightWaves Carbon Intelligence (FCI) enables shippers to quantify the efficiency, cost and carbon impact of their transportation networks. Built inside FreightWaves’ Supply Chain Intelligence platform, Carbon Intelligence is the first network-level carbon solution for transportation and logistics brought to market by an impartial, third-party data provider.
Using FCI, shippers can benchmark, analyze, monitor, and forecast the carbon emissions generated by their transportation networks. FCI clients break down carbon emissions by lane or distribution center and understand the carbon implications of distributing to specific markets or adding facilities in their networks.
Eventually, FCI will include automated analysis, intelligent mode-switching recommendations, and ways to purchase offsets to help shippers decarbonize their global multimodal transportation networks.
Many of the world’s largest companies are increasingly mindful of the impact their activities have on the planet. Customers, investors, board members, and strategic and financial planners want corporations to follow a path to sustainable, low-impact operations that de-risk the threat of climate change.
Broadly speaking, corporate efforts to reduce carbon emissions fall under Environmental, Social and Governance (ESG) initiatives. Many companies integrate ESG metrics into annual public and private reports to showcase sustainability as a corporate objective. FCI gives companies access to higher quality information to achieve that goal.
To date, some progress has been made in recyclable packaging, electric vehicles, the reduction of physical waste, and the transition of power grids toward sustainable energy.
But for most large companies, the biggest opportunity for reducing carbon emissions is opaque and out of reach: the supply chain. Carbon emissions from a company’s supply chain, which includes transportation and logistics, are classified as Scope 3 emissions by the Environmental Protection Agency. Scope 3 emissions represent a massive opportunity for companies seeking to reduce their carbon footprints, but most companies lack visibility into the carbon intensity of their transportation networks.
Peek under the hood.
How FCI works.
By mapping a shipper's transportation network down to the individual transaction, Carbon Intelligence creates a detailed view of waste and opportunity throughout the network. For the first time, shippers can automate the calculation of a significant portion of their Scope 3 carbon emissions using granular transportation data and rigorous carbon accounting methodologies.
In the future, Carbon Intelligence will ingest shipper data to find where mode-switching (from truckload to intermodal or less-than-truckload, for example) can generate cost savings and reduce carbon impacts. FreightWaves technology will make intelligent recommendations to drive emissions toward net-zero. From there, the platform will connect shippers to carbon credit marketplaces where they can purchase offsets and lower their carbon emissions even further.
Reduce your carbon freightprint.
2018 US Greenhouse Gas Emissions by Sector
- Transportation - 28%
- Electricity - 27%
- Industry - 22%
- Agriculture - 10%
- Commercial - 7%
- Residential - 6%
2018 US Transportation Sector GHG Emissions
- Light-Duty Vehicles - 59%
- Med-Heavy-Duty Trucks - 23%
- Aircraft - 9%
- Other - 5%
- Rail - 2%
- Ships & Boats - 2%