“Agtools Wins Worldwide Decarbonization Challenge”
Agtools a data-based platform serving the agriculture sector for their market data needs is one of five winners
May 5, 2022, Orange, CA – Today Agtools announced being chosen as one of the five winners in the Orange Silicon Valley Decarbonization Challenge. More than one hundred startups participated in the project that is committed to reduce Greenhouse gas emissions to reach its goal of Net Zero Carbon by 2040. The winners were chosen based on their technologies and readiness for commercial engagement and tool developed by Clean Energy Ventures *.
Following the event, president of the jury. Elizabeth Tchoungui, Orange’s Executive Director of CSR, Diversity, and Philanthropy, stated, “At Orange, we are convinced that digital technology is a powerful lever for decarbonization. With this challenge, we are pleased to contribute to new solutions that fight global warming via IT and digital innovations.”
Agtools CEO, Martha Montoya, started the company, after observing firsthand worldwide, how crops for multinationals would realize cumulative losses of 14% on their food waste between farms and distribution centers equating to roughly 1.5 gigatons of CO2. Montoya says, “Before Covid 19, we knew the negative impact on our natural resources and the industry would factor them as part of doing business on their financials without realizing the negative impact to the earth and humanity.
Today, annual lose is 75 billion cubic meters of water in the production of fruits and vegetables and 715 million hectares of land due to losses in meat and animal products. This does not even include the greenhouse gases emitted from landfills from rotting wasted food or food waste at retail and consumer levels worldwide, accordingly to FAO – Food and Agriculture Organization of the United Nations.
The Agtools team understands that optimizing human decisions in the food supply chain to avoid unnecessary carbon emissions is not an easy task and it is addressing it through a Sustainability calculator located in their suite of data widgets.
In addition to the market data dashboard, included are 76 variables that should be considered when planting, harvesting, or shipping any agricultural commodity. Agtools architecture one stop solution was created originally for fruits and vegetables, the most complex and volatile industry worldwide. Gustavo Montoya, CTO co-founder states, “We have over 5 billion datasets moving at 1 billion transactions per second, making it the world’s largest commodities database, allowing the user to grab data on their commodity while calculating their carbon footprint when adjusting their sourcing or shipping decision-making.”
Subscribers to the Agtools dashboard are able to view four different weather sections that are specific to their commodity and will find a sustainability widget to enter their shipment volume into a formula that will reveal their carbon footprint.”
A February 2022 Forbes article states consumers and retailers are holding companies accountable for sustainable products. Sustainable is at an inflection point with analysts predicting that that by 2025, 40% of all manufacturing IT will own responsibility of data modelling for net zero carbon targets. With sustainability as a top issue in the agriculture community, Agtools recognizes this trend and has made it one of its bedrocks within the agriculture data system.
Agtools will participate in an all-expense-paid trip to Paris to attend business development meeting and present their solutions to Orange and their stakeholders and the opportunity to attend the Change NOW sustainability-focused conference where Orange is an Official Partner.
About Orange Silicon Valley:
Orange Silicon Valley is a subsidiary of Orange. For more than 20 years, Orange Silicon Valley has been providing strategic insights, connecting ecosystems, and creating unique value by making US innovation and technology visible, accessible and actionable for Orange and Orange’s customers. Orange Silicon Valley is headquartered in San Francisco with a regional office in New York.
Orange is one of the world’s leading telecommunications operators with sales of 42.5 billion euros in 2021 and 140,000 employees worldwide at 31 December 2021, including 78,000 employees in France. The Group has a total customer base of 271 million customers worldwide by 31 December 2021, including 224 million mobile customers and 23 million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business Services. In December 2019, the Group presented its new “Engage 2025” strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.
www.ag.tools Agtools, Inc., is a software solution with an architecture built to present granular data, (over 5 billion datasets), from around the world on the volatile commodities of fresh produce, (specialty crops). There are over 76 variables that impact the supply chain and Agtools tracks them at 1 billion transactions per second and provides the data in actionable formats: Reports, Dashboard, and Monitors. This allows stakeholders to understand the future financial impact of contracts as well as emissions of CO2/SO2. Built on non-relational databases, Agtools allows agile adjustments for users to manage contracts and mitigate risks during sourcing periods. The intelligent data system, APeX, within the tool manages all specific commodities, varieties and microclimates allowing for better predictability and execution during research, planting, harvesting, buying, selling, forecasting and lean logistics decisions. The company is headquartered in Orange, Calif.