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This week marks one year since the debut of Redwood Hyperion, our proprietary, advanced solution for tracking and reporting greenhouse gas (GHG) emissions. This innovative tool enables automatic visibility into load-by-load emissions, while also providing sustainability reporting and analysis. Hyperion even enables transportation providers to purchase carbon credits to offset their environmental impacts.
Global industry is laser-focused on sustainability today, and with good reason. According to a report by the World Economic Forum and Boston Consulting Group, supply chains in eight transportation-heavy industries — including food, construction, fashion, fast-moving consumer goods, electronics, automotive, professional services and freight — generate over 50% of all GHG emissions worldwide.
It's become all too common to look at these kinds of statistics and take a “doom and gloom” perspective on the impact of transportation and distribution on sustainability. Flipping that viewpoint, in honor of Hyperion’s one-year anniversary, let’s take this opportunity to celebrate what we’ve accomplished — and the progress we’re making every day toward a more sustainable future.
Enabled by artificial intelligence (AI) and machine learning (ML) today logistics teams are making smarter, more sustainable choices at the tactical, operational level — for example, by optimizing a specific route to shave off miles — but also identifying more sustainable top-level strategies. They’re redesigning their networks, exploring nearshoring initiatives, opening micro-fulfillment centers close to demand, and otherwise considering sustainability as part of their foundational business models.
Logistics teams are also evaluating suppliers and choosing more sustainable partners to reduce their end-to-end environmental impacts. After all, an enormous part of any company’s overall GHG emissions are Scope 3 emissions associated with upstream and downstream transportation and distribution.
You Can’t Optimize Sustainability Unless You Can Measure It
There’s no doubt that the world’s logistics teams have made significant strides in minimizing their environmental footprints — and they’ve defined ambitious plans to do more in the future. But what does it all add up to? That’s where Redwood Hyperion comes in.
Hyperion is the industry’s first solution that’s purpose-built to automatically capture transportation impacts in real time, based on road miles. By connecting Hyperion directly to their transportation management system (TMS), logistics teams can automatically calculate their real-world GHG emissions on a load-by-load basis. Because data is sourced directly from the TMS, it’s both real-time and accurate, providing a true picture of emissions performance. To also capture and measure Scope 3 emissions, Redwood designed Hyperion as a vendor-agnostic solution that can also automatically ingest data from external freight systems.
Today’s tightening emissions regulations are placing urgent pressure on companies in every industry to measure and report their emissions. But most companies struggle with the practical matter of how to capture their overall emissions footprint for compliance purposes, as well as track, measure and improve sustainability over time. They need to have new practices and tools in place to automate and simplify this process. But how can they add this specialized capability, without adding staff or diverting resources from their core business?
The simple answer is Redwood Hyperion. For the last year, customers have been saving significant time, money, labor and other resources by relying on this plug-and-play tool to manage the end-to-end emissions calculation and reporting process. They’ve been able to invest those resources in more strategic, value-added areas such as planning and executing on their top-level sustainability initiatives.
By fully automating the process of collecting and calculating emissions data — based on the globally recognized supply chain calculation standard, the GLEC Framework, developed by the Global Logistics Emissions Council — Hyperion makes this effort simple and straightforward.
Via Hyperion’s intuitive user interface, companies can quickly and seamlessly view their key performance indicators (KPI) related to sustainability, including emissions. They can download this data and produce the comprehensive reports that are increasingly required by government regulators and other stakeholders.
By leveraging the power of Hyperion, sustainability and logistics teams can not only measure and report their current emissions, but they can also see the real improvements they make as they optimize freight movement, partner with a modern 4PL and take other actions to improve sustainability. Companies can set more realistic emissions reductions targets for the future based on detailed reports that reveal exactly where they are today.
It’s Been a Year. What Are You Waiting for?
Increasing sustainability is a journey — and it’s not always an easy one. But let’s stop along the way and celebrate our achievements.
One year after Redwood Hyperion was launched, it’s never been easier to track, measure, report and decrease your GHG emissions. Today companies can arm themselves with an advanced solution that automatically captures data, performs complex calculations in seconds, monitors KPIs and produces actionable reports. With Hyperion, companies can dramatically improve their internal sustainability measurement and compliance efforts, without adding specialized in-house expertise or creating complicated new administrative processes.
If you’re not already leveraging Redwood Hyperion, what are you waiting for? For a full year, the world’s leading logistics teams have been using this user-friendly tool to measure and improve their emissions performance. That’s worth celebrating.
Start achieving your own celebration-worthy results by reaching out to Redwood to learn more.