“Credit Trading Platform”
Provides a platform where upstream producers can sell certificates that represent sustainable goods they have produced and where downstream suppliers can support sustainable production by purchasing those certificates. This allows companies who may not be able to implement complex traceability systems within their own supply chain to participate in the market for sustainable goods and to financially support sustainability among producers.
While they do not support physical traceability, online trading platforms are integral to the Certificate Trading traceability method. These platforms allow certified producers to register online the amount of certified goods produced. In exchange they receive sustainability certificates that represent the volume of certified goods produced. Downstream companies and suppliers can purchase these certificates on the online trading platform, allowing them to participate in the market for the sustainable goods and to financially support the original producer.
Online trading platforms typically feature certificates for one type of material or good, such as the Roundtable on Sustainable Palm Oil’s PalmTrace, which features certificates for sustainable palm oil, or the Roundtable on Responsible Soy’s Trading Platform, which features certificates for sustainable soy. However, certificates can also relate to attributes of production such as carbon credits and water offsets, for example.
This technology supports the Certificate Trading traceability method within the Product Tracking system element.
Unlike technologies that support other product tracking methods, this technology does not support physical traceability or traceability of products within a company’s own supply chain.
As with the traceability method this technology supports (Certificate Trading), online trading platforms are well-suited to supply chains where it is not feasible to implement other, more rigorous forms of traceability.