Key Takeaways:
- CIBO Technologies and Truterra announce an expansion of their partnership and successful summer program launch.
- The collaboration has facilitated the enrollment of millions of acres into sustainability programs.
- Agriculture accounts for approximately 10% of U.S. emissions and 90% of Scope 3 emissions for CPG and related industries.
- The partnership aims to help companies address Scope 3 emissions and offer farmers opportunities for sustainability incentives.
CIBO Technologies, a climate software company specializing in agriculture, has announced an expansion of its collaboration with Truterra, an agricultural sustainability business. The partnership, ongoing for several years, has resulted in the enrollment of millions of acres of farmland into sustainability programs. This effort is part of a broader goal to address agricultural emissions and assist companies in meeting their emissions reduction targets.
Agricultural Emissions and Challenges
Agriculture is recognized as a significant source of greenhouse gas emissions, contributing roughly 10% of overall U.S. emissions and 90% of Scope 3 emissions for consumer packaged goods (CPG) and related industries. Many companies within food, biofuels, and other ag-related sectors have set targets for reducing emissions in their supply chains. However, financial and operational challenges have slowed the progress of scaling sustainability initiatives.
CIBO and Truterra’s Sustainability Solutions
Through their collaboration, CIBO Technologies and Truterra aim to address these challenges by providing solutions for companies and farmers. Using CIBO’s platform, Truterra has been able to connect companies seeking to reduce Scope 3 emissions with farmers in their supply chains. Additionally, the platform enables farmers to combine privately funded sustainability programs with government programs, and helps companies quantify and report the impact of sustainable practices on emissions reductions.
Program Enrollment and Farmer Engagement
Since 2022, Truterra has utilized CIBO’s platform to launch over 20 sustainability programs. CIBO has supported Truterra in scaling interventions and reporting emissions impacts for projects related to Scope 3 emissions and regenerative practice incentives. The collaboration has resulted in:
- The enrollment of over two million acres in sustainability programs.
- Thousands of farmers using CIBO’s platform to qualify their land for Truterra programs.
- Hundreds of thousands of acres enrolled within 24 hours of the most recent program launch.
Truterra’s President, Jamie Leifker, highlighted the company’s focus on supporting farmers:“Truterra is committed to putting farmers’ needs at the heart of all our programs, ensuring they have the resources to scale regenerative practices.”
CIBO Technologies’ CEO, Daniel Ryan, discussed the platform’s role in providing necessary data and visibility: “We understand the challenges farmers face and have built CIBO Impact to support companies like Truterra in reducing emissions through measurable practices.”
CIBO Technologies Latest News
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CIBO Technologies has introduced a comprehensive end-to-end Scope 3 offering to assist agricultural enterprises in identifying, measuring, reducing, and reporting carbon emissions throughout their supply chains. The CIBO Impact platform and its network of Grower Network Partners help decarbonize agricultural commodities and promote the adoption of conservation practices through farmer incentive programs. This offering addresses challenges in carbon emissions reporting and aims to support the transition to more sustainable agricultural practices.
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