Seminar marks arrival of arara.io, the first green fintech for supply chain financing in Brazil
Commitments to reduce climate risks undertaken by large companies tend to take into account the direct emission of pollutants, but often leave out an essential element in advancing towards a greener and more sustainable economy: the supply chain. The entire process that leads to a product or service — from raw materials to transportation and distribution — must be involved in the global ESG (environmental, social and governance) effort.
The issue will be debated at the international seminar “Sustainability in the supply chain”, on February 3, at 6 pm. Organized by Valor Econômico, the event will be broadcast on Valor’s Facebook, YouTube and LinkedIn.
The event marks the launch of arara.io, the first green supply chain finance fintech in Brazil. The platform helps companies achieve ESG goals and mitigate environmental risks. Likewise, it helps organizations monitor the climate and sustainable performance of supply chains, as well as connecting green suppliers to a network of funders.
“Companies, in general, are in the process of addressing the ESG within the so-called scopes 1 (direct emissions) and 2 (emissions by service providers) or what is within the organization itself. But around 70% to 90% of emissions and climate risks are in the supply chain.
Understanding ESG risks, addressing and encouraging the supply chain to evolve is a big challenge for companies, but it’s also a huge opportunity. By doing so, the process of driving the decarbonization of the business increases exponentially”, says Felipe Gutterres, co-founder and CEO of arara.io.
Gutterres recalls another point: “When supply chains are addressed through the concern of the anchor company, there is a gain in awareness and evolution of small and medium-sized companies. The idea of the seminar is to bring these themes to opinion makers and decision makers”.
Expertise
arara.io is the result of the partnership of three experienced professionals. Gutterres has extensive experience as an executive in the infrastructure, logistics and oil and gas sectors. Ram Mahidhara is a senior leader in emerging markets infrastructure, with more than 20 years of experience at IFC/World Bank in more than 30 countries, with a focus on investments and asset management in the order of US$4 billion. Sudhi Mukherjee, meanwhile, is an expert in the development and implementation of sustainability frameworks, was a senior global ESG specialist at the IFC/World Bank, where he worked for over 20 years, with experience in over 60 countries.
In addition to the three leaders, the directors of Sustainability from L’Oréal, Maya Colombani, and from Nestlé, Fabio Spinelli, and Suzano’s director of Procurement and Logistics, Wellington Giacomin, will be at the seminar. The mediator will be the journalist Ascânio Seleme, columnist for the newspaper O Globo.
“Society has presented important solutions to climate challenges. When done right, green finance encourages investment in technologies and sectors that mitigate climate change. Green finance can be a major growth factor for a country’s economy”, points out Mahidhara, co-founder and COO of arara.io.
Measuring risk is critical, says Sudhi Mukherjee, co-founder, CTO and CSO of macaw. io, a pioneer in the country, with its own taxonomy (classification and organization of information) that allows the analysis and ranking of sustainable suppliers and subsequent connection with a network of financiers.
“By connecting companies, suppliers and funders on a digital platform for sustainable supply chain finance, we provide unprecedented visibility and insights into ESG and climate performance. arara.io helps companies to be proactive in managing a tremendous potential challenge, turning it into an opportunity”, concludes Mukherjee.
Journalist and seminar mediator Ascânio Seleme highlights sustainability in consumer decisions:
“It is important that vehicles like Valor Econômico lend their credibility to meetings like this one, which defend businesses identified with environmental, social and governance causes. Consumers increasingly demand products from an environmentally sustainable and socially fair supply chain.”
By arara.io on 01/02/2022 09:31 am
Source: https://valor.globo.com/patrocinado/araraio/noticia/2022/02/01/a-importancia-de-incluir-a-cadeia-de-suprimentos-nos-esforcos-esg-das-empresas.ghtml