Stuttgart / Hamburg, February 22, 2024 – The Stuttgart-based software provider AEB SE and the start-up GRYN GmbH from Hamburg have agreed on a strategic partnership and will work closely together in the future. The aim is to offer comprehensive IT solutions to companies from industry and retail so that they can easily and effectively measure, analyze and reduce their CO2 emissions in transportation management.
Through the partnership, AEB is supplementing its own product portfolio with functionalities that are becoming increasingly important due to advancing climate change, customer needs and legal requirements like the Corporate Sustainability Reporting Directive (CSRD). New market opportunities arise for gryn as both companies also cooperate in sales and marketing.
Automated calculation of CO2 transport emissions with gryn
The gryn platform provides shippers with harmonized transport emissions data from all their transport service providers in a central hub. This eliminates the need to manually collect and evaluate information from different sources and formats such as Excel, PDF or email, which previously had to be consolidated in a time-consuming and error-prone process.
By connecting the gryn platform to AEB’s shipping and transportation management solutions, companies can automatically determine the greenhouse gas emissions for each individual shipment based on shipment data such as size, weight, shipping location and destination. To do this, gryn uses primary data from numerous airlines, shipping companies, and carriers that are already connected to the platform. Alternatively, the solution can also calculate the emissions based on shipment information by using established standard emission parameters.
Data enrichment and cleaning of the gryn software supported by artificial intelligence guarantees high data quality. This way, companies can be sure to meet regulatory requirements.
AI automatically creates decarbonization plan
With the gryn software, customers are also able to automatically create a CO2 reduction plan including specific activities and milestones. Companies are required to integrate such a plan into their sustainability report in accordance with CSRD requirements.
For example, if companies are planning to reduce their greenhouse gas emissions in transportation management by 25% over the next two years, the gryn AI Manager creates an individual decarbonization roadmap with concrete suggestions based on historical shipment data and other information. In turn, these can be implemented directly using AEB solutions. One example would be by applyingthe “CO2 emissions” metric as a criterion for the automated selection of routes and transport service providers.
Partnership enables plug & play for carbon footprint reporting
As part of the partnership, AEB has acquired a stake in GRYN GmbH. This investment strengthens AEB’s corporate mission of meaningful, sustainable management. It also underlines the long-term nature of the collaboration.
“We are convinced that the collaboration with gryn offers great advantages for all parties. Our customers are able to measure and report the carbon footprint in their transportation management much more easily, accurately, and in compliance with CRSD, and align their logistics activities not only with greater efficiency, but also with greater sustainability. This makes our software one of the leading solutions in this area as well,” explains Torsten Mallée, International Business Director and member of the AEB SE Advisory Board.
“Our sustainability platform can be connected easily and quickly to any ERP and logistics software thanks to its flexible API design. The cooperation with AEB is another step in building our partner network and opens up numerous new market opportunities for us,” explains Oliver Ritzmann, CEO and founder of gryn. “In combination with the AEB solutions, companies receive a plug & play solution for reporting and managing their CO2 emissions.”
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Background: Legal requirements for CO2 reporting
With the European Green Deal, Europe is aiming for climate neutrality and increased sustainability by 2050. This will result in a wealth of regulations and guidelines that will also have a decisive impact on the logistics practices of shipping companies.
A key element of the Green Deal is the European Corporate Sustainability Reporting Directive (CSRD), which was passed in 2022. This puts sustainability reporting on an equal footing with financial reporting. In future, sustainability reports must be prepared in accordance with uniform standards and published in the management report. For companies, this means that they must both calculate CO2 emissions and state clear reduction targets in their reports.
When companies have to report in accordance with the CSRD depends on several factors such as turnover or number of employees. Generally speaking, larger companies must start earlier than smaller ones – the first CSRD reports must be prepared in 2025 for the year 2024.