Amsterdam-based TRACT secures $11.2 Million to advance sustainable agriculture technology, transforming supply chains and sustainability reporting.
A SaaS platform from Amsterdam called TRACT has secured $11.2 Million to improve sustainability in farming. The funding, which was spearheaded by ADM, Cargill, LDC, and Olam, shows that the initiative enjoys industry support. New investors such as The Working Capital Fund and Rabo Investments have kept coming in, an indication that TRACT has continued to exert more control in handling matters relating to sustainability data.
Addressing the Pearl of Agricultural Dilemmas:
By promoting the standardization of metrics and methodologies in sustainability reporting, TRACT helps agricultural companies deal with the data. Clients such as Nestlé and Olam utilize the platform to navigate compliance with the EU Deforestation Regulation (EUDR) and Corporate Sustainability Reporting Directive (CSRD).
Strategic Partnerships for More Sustenance:
As seen from the remaining chapters of this thesis, with Rabobank as the partnering bank, TRACT will apply sustainable financing to advance the organization’s mission. Together with the support of key agribusiness stakeholders, the company is ready to meet urgent ESG needs, enhance transparency, and foster confidence in food chains.
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The new funding targets areas such as emissions monitoring, information about farmer income, and deforestation surveillance. TRACT enables organizations to adapt to escalating consumer pressures as well as increase regulation and develop more resilient food systems.
A Promising Future:
There are still some growing concerns in the diverse markets’ adoption of the technologies but TRACT has built a strong base that is capable of revolutionizing the agricultural practice across the world. Financial support is pretty strong and has set ambitious goals for its development TRACT has all the chances to become a leader in sustainable agriculture technology.
