SINGAPORE, Oct. 17, 2023/PRNewswire/ -- Agridence Pte Ltd ("Agridence"), is proud to announce a landmark achievement to lead digital transformation for a unified digital infrastructure that will integrate the Certification, Trade and Traceability System (CTTS). ) as a streamlined end-to-end system for the Roundtable on Sustainable Palm Oil ("RSPO") and its stakeholders. This award marks an important milestone for Agridence and recognition for its innovation and excellence in successfully developing solutions for sustainable procurement across multiple agricultural products.
Agridence Chairman Ian Potter welcomed: "The RSPO has been a leading player in the drive to make palm oil more sustainable and will be a great partner. With the imminent requirement for traceable supply chains beginning With EUDR, digitalization is imperative for all operators in the space. We are delighted with the opportunity to be part of this important process and are honored that our team and technology have been recognized in this way. This project is based on our progress with traceable rubber and look forward to demonstrating our expertise in agricultural products and product excellence by creating commodity traceability applications for Palm.”
The challenges they face in the palm oil and natural rubber sectors are remarkably similar due to their shared cultivation landscape and market structures. With insights gained from tackling similar challenges, Agridence has been tasked with leading a tripartite consortium of global agritech companies for the digital transformation of the RSPO, merging the best minds in technology and sustainability that will deliver an unprecedented step-change in efficiency, reliability and technological advancement to this tailor-made CTTS, designed to meet the specific needs of sustainable palm oil stakeholders.
Gerald Tan, CEO of Agridence, stated: "This is a unique achievement that is significant on multiple fronts. It demonstrates our capabilities to collaborate and synergize our resources with experts and innovators in the field to develop a unified and optimized system for the sustainable industry. This extension to palm oil affirms recognition and confidence in Agridence, our track record in natural rubber that has provided a robust and secure B2B trading platform, an integrated sustainability dashboard and traceability tools. As we embark on this exciting venture, Agridence remains committed to driving innovation, fostering collaboration and delivering unparalleled value to our customers toward a sustainable future."
Nikki Gee, RSPO Digital Transformation and Strategy Director, shared: “The decision to appoint Agridence as the lead to manage and maintain RSPO systems is driven by a combination of best-in-class solutions that will be able to meet the demands and anticipate the future needs of a sector that is rapidly evolving in line with increasingly strict global regulations. We are confident that Agridence will provide a seamless experience for the RSPO and our members."
The digital transformation project is expected to have a far-reaching impact, not only on the palm oil sector but also by setting a precedent for other industries seeking to improve sustainability and meet regulatory requirements.
Agridence will be present at the RSPO Annual Roundtable (RT2023) in Jakarta from 20 to 22 November, where it will participate in the panel - The future of certification, trade and traceability in the next 20 - which will address the launch of the project and its implications for the sustainable palm oil industry in the future.
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About Agridence Pte Ltd:
Founded and headquartered in Singapore, Agridence brings you the future of commodities trading. We are at the forefront of digitizing the global agricultural supply chain to create a data-enriched and technology-driven ecosystem. This digital transformation enables deeper analysis of the supply chain to uncover environmental, social and financial risks that enable targeted interventions.
At Agridence, we use technology to enable data transparency and strengthen trust. We provide industry intelligence and insights to empower our clients to make smarter decisions. We strive to identify problems and deliver solutions that will redefine how raw materials are produced and marketed.
For more information, visit www.rubber.agridence.com
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