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BCG Introduces BCG X to Support WWF in Unveiling OpenSC for Sustainable Food Production Verification

Elevate sustainability with BCG X: Partnering with WWF to unveil OpenSC for eco-friendly food production verification.

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BCG Introduces BCG X to Support WWF in Unveiling OpenSC for Sustainable Food Production Verification

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  1. BCGIntroducesBCGXtoSupportWWF inUnveilingOpenSCforSustainable FoodProductionVerification • Globalfoodsupplychainsareresponsibleforanincredibleone-third ofallgreenhousegasemissions,withastaggering80%ofthese emissionsoriginatingdirectlyfromthesource,suchasfarmsor fisheries.Thecomplexityandfragmentationofthesesupplychains poseformidablechallengesformajorfoodandbeveragecompanies thatannuallysourcethemajorityoffoodcommodities,disrupting theirabilitytodrivemeaningfulchangetowardsustainability. • Toaddressthisissue andhelpthesecompaniesachievetheir sustainabilityandnet-zerogoals,theWorldWideFundforNature (WWF)collaboratedwithBCG,aprominentconsultingfirm. • Together,theyformedadedicatedteamcalledBCGX,supportedby • BCG'sfunctionalpracticeareas.Theirobjectivewastocreate innovativetoolscapableofverifying,incentivizing,andrewarding producersatthesourcetopromotepositivechangeforboththeEarth andthepeople. • Theircollaborativeeffortgaverisetoanadvancedtechnology platform,OpenSC,whichstandsforopensupplychains.OpenSCwas designedtoautomatically,continuously,andreliablycheckclaims relatedtolow-carbonandresponsibleproduction,leveragingprecise andimmutabledata.ThishasalreadyledtothesuccessfuldevelopmentofmultipleAutomatedClaimVerification(ACV) instances. • OpenSChasbroughttwonotableexamplestofruition,allowingfor theverificationandtracingofproductsallthewaytoendconsumers: • SustainableFishing:TheOpenSCplatformnowverifiesthe sustainablecatchlocationsof over15%oftheglobalannual Patagoniantoothfish(Chileanseabass)catchandtracesit throughoutthesupplychain.

  2. FairPaymentstoCoffeeFarmers:PartneringwithNespresso, OpenSCtrackseverycoffeebagfrom1,185smallholderfarmers oftheAMKACooperativeinSouthKivu,DemocraticRepublic oftheCongo.Italsoensuresthateachfarmerreceivesthe appropriateNespressopremiumpayment.Thissuccessful programisbeingexpandedworldwidetomanyofNespresso's sourcingregions. • Furthermore,theabilitytoverifyspecificclaimsaboutsustainableandethicalproductionandtraceproductsthroughthesupplychain enablescompaniestotransparentlysharetheirdataandnarrativewith consumers,businesspartnersinthesupplychain,investors,and regulatoryauthorities.OpenSC'stechnologyproductsarealreadyin commercialuse,gainingtractionacrossmultipleseafoodandcoffee commodities,withadditionalproductsinthepipelinefor high-impact thingslikericeandpalmoil.OpenSCisstaffedbyaworld-classteam ofover30professionalswithglobalexpertise. • Intermsoftheirrole,BCGplayedapivotalroleindeveloping OpenSCthroughaclosepartnershipwithWWF.Fromitsinception, BCGharnessedabroadspectrumofcapabilitiesencompassing businessstrategy,advancedtechnology,andclimatechangeand sustainabilityexpertise.Theyprovidedinvaluableguidancethroughouttheprocess,fromtheplatform'sdesignandconstructionto itssuccessfullaunchandongoingscalability.Asaresult,OpenSC securedfundingfromprominentimpactinvestorsandestablished collaborationswithmajorcustomerssuchasNestle,theworld's Clargestfoodandbeveragecompany,andAustralFisheries,a subsidiaryof MaruhaNichiro,oneoftheworld'slargestseafood conglomerates.

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