Key Takeaways:
- Epoch, a fintech company, partners with Varda to integrate Global FieldID with Epoch’s Supply Chain CO2 API.
- The collaboration aims to improve transparency and sustainability in agricultural and forestry supply chains.
- This partnership will provide stakeholders, from farmers to agribusinesses, tools to monitor and reduce carbon emissions effectively.
Introduction to the Partnership
Today, a significant step was taken towards enhancing the sustainability of agricultural and forestry supply chains as Epoch, a leading fintech company known for its environmental data sharing and payment infrastructure, announced a partnership with Varda. This collaboration centers around integrating Varda’s Global FieldID service with Epoch’s Supply Chain CO2 API, a move poised to revolutionize data sharing and sustainability practices within the industry.
Details of the Integration
Global FieldID by Varda provides a geospatial reference framework that assigns unique IDs to each agricultural field, akin to creating a ‘QR code for fields’. This system will be incorporated into Epoch’s API, enhancing the ability to share and manage detailed environmental data across various land plots. The integration facilitates better monitoring and reporting of emissions, deforestation, carbon removals, and biodiversity impacts, contributing to more transparent and accountable supply chain management.
Benefits of the Collaboration
The enhanced API will allow key stakeholders, from individual farmers to large agribusinesses and retailers, to access critical sustainability metrics and monitor their environmental impact effectively. Particularly notable is the provision of a free solution for small-holders by Epoch, which aims to improve transparency on sustainability metrics and support insetting practices within the agricultural sector.
Epoch Blue’s platform plays a crucial role by generating and managing geospatial data, providing on-demand metrics that comply with regulatory standards concerning deforestation, greenhouse gas emissions, and biodiversity preservation. Additionally, this platform enables buyers within the supply chain to purchase carbon credits directly from their suppliers, aiming to reduce their Scope 3 carbon footprint.
Executive Insights
Jinal Surti, CEO and Co-Founder of Epoch, emphasized the shift towards more transparent supply chains, stating, “We see more and more of our customers transitioning from interacting with a ‘black-boxed’ commodities market to more transparent and trusted supply chains that carry environmental data along with the commodity throughout that value chain.”
Davide Ceper, CEO at Varda, highlighted the alignment of their missions and the broader implications of their collaboration: “Our mission is to facilitate the complex process of documenting regenerative farming practices through trusted data, especially for smallholder farmers… This is not just about compliance, but also about creating a culture of transparency and responsibility that will enable us to feed the planet responsibly in the long term.”
Varda Latest News
Discover the company profile here.
Partners With TrueFootprint (2024/04/17)
Varda, an agtech data service provider, has partnered with TrueFootprint to help farmers comply with the EU Deforestation Regulation. The collaboration will integrate Varda’s Global FieldID solution with TrueFootprint’s FieldApp platform to facilitate the digital mapping of farmland. The integration will make it easier for farmers to track and verify crop production locations for EUDR compliance. The partnership will also provide smallholder farmers with the necessary digital tools to effectively map their farmland, identify issues and ensure compliance with the upcoming regulations.
Partners With Slow Philosophy (2024/02/21)
Varda and Slow Philosophy have partnered to merge Varda’s Global FieldID™ with Slow Philosophy’s Agroscoring tool to provide enhanced insights into agricultural efficiency. This will empower farmers and stakeholders with crucial insights into their fields, including detailed weather information and other variables that monitor carbon neutrality and geolocation factors. The partnership aims to promote sustainable farming practices and expand regenerative agriculture, contributing to a virtuous cycle of collaboration and success in the agricultural sector.
Varda Forges Partnership With Pessl Instruments (2023/12/18)
Varda, founded by Yara, partners with Pessl Instruments to integrate its Global FieldID™ with the METOS® portfolio, enhancing agricultural transparency and collaboration. This strategic collaboration aims to provide farmers with localized, data-driven insights for sustainable agriculture, utilizing advanced technologies like weather stations and AI-powered insect traps. The partnership underscores a shared commitment to optimizing agricultural practices, reducing environmental impact, and advancing smart farming technologies for a nature-positive food system.
Varda and Ever.Ag Partner (2023/11/20)
Varda, an agtech startup founded by Yara, has partnered significantly with Ever.Ag, a leading service provider in the agricultural technology sector, to usher in a new era of enhanced transparency and efficiency in food supply chains. The collaboration centers around integrating Varda’s Global FieldID™ (GFID) into Ever.Ag’s FieldAlytics system, which is known for optimizing agronomy, field logistics, and farm planning. Incorporating GFID promises to revolutionize the tracking of produce from planting to processing, improving traceability and consumer trust. Davide Ceper, CEO at Varda, and Ben Sloan, VP of Product and Strategy for Digital Agronomy at Ever.Ag, emphasize the transformative potential and consumer demand for transparency that GFID addresses. The partnership is set to launch in December 2023, integrating GFID across FieldAlytics’ network of over 3 million field boundaries, poised to redefine farm management and supply chain transparency standards.
Image provided by Varda
