Syngenta leverages Correntics’ climate risk analytics platform to strengthen its supply chain

Zurich, June 18, 2024

Integrating the Correntics platform will allow Syngenta Crop Protection to bolster the resilience of its global supply chains against increasing climate change risks.

Syngenta Crop Protection, a global leader in agricultural technology, has entered a partnership with Correntics, a transformative player in global climate risk management, to enhance its supply chain resilience. Using insights from Correntics’ data-driven AI-powered climate change risk analytics platform will allow Syngenta to identify operational vulnerabilities caused by the changing climate and define robust strategies to respond to climate risks and opportunities.

Proactive operational climate risk management enables Syngenta to make weather-informed decisions about their supply chains, ensuring reliable and sustainable delivery to growers. The Correntics platform’s AI and machine learning capabilities will help users increase the speed and accuracy of these decisions.

«This exciting partnership underscores the value that our software platform provides multinational companies seeking to avoid costly disruptions caused by the changing climate,» says Michael Gloor, CEO of Correntics. «By integrating our data-driven and predictive climate risk analytics into their digital supply chain management, Syngenta is positioning itself as a forward-looking leader in the arena of climate resilience,» he says.

Anticipating long-term and seasonal vulnerabilities

In addition to offering quantitative insights into long-term climate change impacts, the platform will provide Syngenta’s risk and resilience management teams with insights into seasonal climate risks. With the increasing intensity of short- and medium-term risks caused by phenomena such as El Niño, the platform’s precise risk assessments will support climate change reporting and operational decision-making.

The Correntics platform offers Syngenta a seamless interface to integrate high-value climate data, including climate extreme indices, real-time weather data, and natural hazard information into existing enterprise applications. These will allow users to perform physical risk assessments and study potential climate change impacts on the company’s global operations.

An imperative for ensuring business continuity

«Correntics’ climate risk analytics platform equips our Production & Supply Risk & Resilience Team with a holistic view of the vulnerabilities facing our global supply chain. We value the platform’s ability to zoom in on specific geographies to inform and support local strategic planning, hence allowing us to strengthen the resilience across our supply chain,» says Linnette Price, Global Production and Supply Chain Risk & Resilience Manager at Syngenta Crop Protection.

«As climate change intensifies, strengthening supply chain resilience has become imperative for business competitiveness. Responding well is not good enough; we have to anticipate and manage the risks that we face. Our partnership with Correntics provides us with state-of-the-art predictive tools that strengthen our supply chain against increasing climate risks. Their strong software platform and willingness to develop customized solutions have enhanced our capabilities,» says Eladio Robles, Global Supply Operations Head, at Syngenta Crop Protection.

About Correntics

Correntics is a Swiss climate risk analysis provider that empowers companies to anticipate and mitigate emerging risks from weather and climate extremes. Their proprietary Software-as-a-Service (SaaS) solution offers businesses unique climate-risk analytics capabilities that strengthen internal risk management in various industries, including agriculture, chemical, logistics, and financial sectors. Additionally, Correntics partners with consulting firms to increase the efficiency and accuracy of physical climate risk assessments required to comply with relevant regulations, such as the Corporate Sustainability Reporting Directive (CSRD).

Founded in 2021 by Michael Gloor and Gaudenz Halter, Correntics is supported by Innosuisse, ESA BIC Switzerland, and investors including ZKB, Serpentine Ventures, SICTIC, S2S Ventures, Venture Kick, and respire.

Press Contacts:
Correntics AG
Schaffhauserstrasse 78
CH-8057 Zürich

Michael Gloor (CEO)
michael.gloor@correntics.com
+41 78 480 64 55