Relex Solutions’ 2024 Sustainability Report Highlights Major Achievements in Food Waste Reduction
Key Impact Points:
- 27% Reduction in Food Waste: Relex Solutions achieved a remarkable 27% year-over-year improvement in reducing food waste.
- 280 Million Kg Food Waste Prevented: Advanced AI-driven technology helped prevent around 280 million kg of global food waste in 2023.
- 950,000 Tons CO2 Emissions Prevented: Relex’s solutions significantly cut down unsold perishable goods, preventing 950,000 tons of CO2 emissions.
AI-Driven Technology for Sustainable Supply Chains
Relex Solutions has unveiled its 2024 Sustainability Report, emphasizing a significant 27% year-over-year improvement in food waste reduction. The report showcases the impact of Relex’s AI-driven technology in helping clients prevent around 280 million kg of global food waste in 2023.
Enhancing Demand Forecasting and Supply Chain Planning
The detailed report illustrates how Relex’s solutions enhance demand forecasting accuracy and optimize supply chain planning to match supply with actual customer demand. This approach minimizes waste, boosts operational efficiency, and positively impacts both the environment and the financial health of customers.
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Addressing Global Food Waste and Emissions
With about one-third of the global food supply wasted annually, addressing food waste is crucial for reducing CO2 emissions and spoilage. Relex’s advanced demand forecasting and supply chain planning have cut down unsold perishable goods, preventing the emission of 950,000 tons of CO2 equivalents. This aligns with the UN’s Sustainable Development Goal to halve food waste by 2030.
Understanding and Managing Emissions
Given that 70% to 90% of emissions for Relex customers come from purchased goods, Relex is enhancing its platform to help businesses understand and manage these emissions. By integrating greenhouse gas metrics into their planning and optimization tools, Relex empowers customers to make sustainable decisions that lower their environmental impact.
“Over the last year, Relex has deepened our global commitment to sustainability,” said Svante Göthe, Head of Sustainability at Relex. “We are proud to have helped our customers prevent approximately 280 million kg of food waste worldwide in 2023 and provide more visibility into the carbon footprint of purchased goods.”
Commitment to Emission Reduction
Relex is dedicated to offsetting its direct, energy-related, and value chain emissions across scopes 1, 2, and 3, as per the Greenhouse Gas Protocol Corporate Standard. In 2023, the company achieved a 14% reduction in emission intensity, demonstrating its commitment to reducing its carbon footprint.
“It is essential that at Relex we continue to evolve our solutions to deliver environmental benefits to our customers, supporting their sustainability efforts, while also improving the sustainability of our operations,” said Johanna Småros, Co-founder and Chief Sustainability Officer of Relex Solutions. “While we’ve made progress, we recognize there’s still a long way to go. We will continue to innovate, collaborate, and make actionable improvements in our sustainability efforts.”
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