Banyan Technology releases carbon-tracking tool for OTR shipping

Banyan Technology, a Cleveland-based provider of freight execution software for real-time rating and execution of all over-the-road (OTR) shipments, has completed its Live Connect integration for tracking carbon emissions and providing offset credit options to clients and client customers that support environmental, social and governance (ESG) initiatives and prepare them for upcoming regulations.

The new CarbonTRAX & Offset feature in Banyan’s Live Connect software tracks the estimated carbon impact of any shipment using Global Logistics Emissions Council- (GLEC-) compliant and Smart Freight Centre certified calculations. Banyan says CarbonTRAX also allows clients and client customers to purchase credits from a variety of vetted climate action projects around the world to offset the carbon impact of each shipment.

“As regulations begin to mount for the reduction of carbon emissions in transportation, the shipping industry is facing heightened scrutiny,” Banyan CEO Brian Smith says. “More and more businesses are seeking solutions now to align their supply chains for what’s to come. Banyan’s CarbonTRAX integration provides clients and their customers with the carbon calculations they need to manage internal programs and meet customer and governmental reporting standards.”

The ability to support required carbon impact reporting and provide viable offset projects will help Banyan’s clients manage their organizational corporate sustainability goals and give them a competitive advantage when acquiring new business and maintaining existing customers, according to Banyan.

The company adds that CarbonTRAX “checks all the must-haves for manufacturers and distributors looking to align their shipping operations with their corporate and customer ESG initiatives and requirements.”