Permutable AI is pleased to announce the publication of our groundbreaking report that revolutionizes carbon emissions predictions within global supply chains. This comprehensive report, supported by a grant from Innovate UK, the UK’s national innovation agency, addresses the critical need for reliable carbon emissions reporting in the supply chain sector.
As the world becomes increasingly aware of the environmental impact of greenhouse gas emissions and the urgent need to combat climate change, organizations face growing pressure to disclose their emissions data and demonstrate progress in reducing their carbon footprint. However, the lack of comprehensive and standardized reporting has been a significant challenge in accurately assessing and reducing greenhouse gas emissions.
The report showcases the company’s expertise in natural language processing and data science to predict and estimate emissions across scopes 1, 2, and 3, offering a holistic view of companies’ carbon footprints. By leveraging advanced machine learning models, Permutable AI demonstrates the superiority of their approach over traditional statistical methods, with accuracy improvements ranging from 68% to 99%.
The report highlights the far-reaching implications of precise predictions of corporate emissions for stakeholders across the supply chain industry. It emphasizes the importance of accurate emission data in the development of effective climate policies and regulations, enabling the implementation of measures to mitigate climate change. The report also showcases the value of reliable emissions predictions for companies driven by corporate responsibility, investors seeking sustainable investments, and effective climate risk management.
Practical applications of the report include higher accuracy in determining supply chain carbon evaluations, enhancing sustainability reporting, simplifying carbon evaluation, optimizing supply chains, analyzing ESG performance, managing climate risks, ensuring compliance with carbon regulations, fostering supplier collaboration and accountability, assessing product carbon footprints, making sustainable procurement decisions, benchmarking and industry comparisons, and promoting stakeholder engagement and transparency around corporate net zero strategies.
Permutable AI is proud to contribute to the advancement of sustainability in supply chains through this comprehensive report. The company recognizes the importance of collaboration and engagement with interested parties in driving positive change and achieving sustainability goals. Feedback and input from businesses, sustainability professionals, supply chain experts, and other stakeholders are welcomed to further refine and improve the methodologies and applications presented in the report.