The vast majority of this impact is driven by the production of a small number of commodities that we consume every day such as seafood, beef, sugar, paper and cotton. These commodities’ supply chains are controlled by less than 500 companies.
of biodiversity loss is
driven by food production
of these key commodities are controlled by less than 500 companies
OpenSC was co-founded by WWF (the World Wide Fund for Nature) and BCG Digital Ventures aimed at addressing these challenges.
WWF is the world’s largest conservation organisation with a presence in over 100 countries. For over 30 years it has lead sustainable supply chain transformation by partnering with large producers and retailers to establish and adopt certification standards for responsible production and consumption.
BCG is a global management consulting firm which advises the world's largest companies. BCG Digital Ventures partners with these organisation to launch new ventures. DV is at the forefront of blockchain enabled supply chain traceability having built world-leading platforms with De Beers, Cisco & others.
Working Capital is an early stage venture fund that invests in scalable innovations to meet the growing corporate demand for more transparent and ethical supply chains, addressing the urgent need to protect vulnerable workers and source responsibly. It was created by Humanity United, a foundation dedicated to changing the systems that contribute to problems like human trafficking, mass atrocities, and violent conflict.
While enormous progress has been made, certified responsible production is yet to scale beyond 20% of the global market in any key commodity group, too slow to avoid the worst environmental and social impacts.
Nevertheless, new technologies such as IoT, blockchain, data science and digital communication platforms are creating exciting opportunities to accelerate the scale and impact of conservation and human rights work in new ways
Businesses and consumers can use the OpenSC platform to do three things...
Verify claims about sustainable and ethical production using data science and machine learning
Trace products throughout supply chains using IoT and blockchain
Share information with consumers to promote purchasing of more responsible products