New AI-enabled platform measures carbon emissions

News Story
- 17 Oct 2024 ( #1201 ) - Sydney, Australia
1 min read
Ofload's Geoffroy Henry has launched DataVerse
Ofload's Geoffroy Henry has launched DataVerse

Australian digital freight provider Ofload has launched a whole-of-supply-chain, AI-enabled platform which allows businesses to measure and optimise its carbon emissions and freight performance.

Ofload, in a statement, says the DataVerse platform can be used by businesses of all sizes, but will be especially helpful for small and medium-sized businesses striving to meet new regulatory requirements around carbon emissions.

“The passing of the climate-related Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 at the beginning of September, mandates emissions reporting starting as early as 2025,” Ofload continues.

“Scope 3 emissions – indirect emissions from an entity’s value chain, including distribution – will need to be included from 2025 and prioritising sustainable practices will be obligatory.”

‍Ofload says DataVerse “meets and exceeds government reporting requirements, enabling businesses to measure, identify, and reduce the impact of their shipments”.

Ofload chief executive officer Geoffroy Henry says of DataVerse: “This is a major leap towards better emissions tracking, industry accountability, and ultimately tackling carbon, waste and inefficiencies in supply chains”.

The beta version of DataVerse is now being piloted in partnership with health drink producer, Remedy Drinks, and the full version is expected to be rolled out in Q1 CY2025.

“With the Australian Government committed to achieving net zero emissions by 2050, and ambitious state government targets looming even sooner, decarbonising the logistics industry is mission critical,” Ofload’s adds.

“Without tools to measure the state of emissions, businesses and the industry we’re not empowered to plan the needed changes."

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