Eversheds Sutherland, an international law firm, recently advised four global food and agriculture companies – Archer Daniels Midland Company (ADM), Cargill, Louis Dreyfus Company, and Olam- on the establishment of a unique joint venture. The primary objective of this venture was to develop a digital platform designed to monitor and standardize sustainability metrics called TRACT. Various key data points such as energy consumption, water use, and carbon emissions can be tracked throughout a company’s global coffee supply chain courtesy of this platform.
The firm’s advisory role in this venture has made a substantial impact on legal precedents concerning sustainable collaborations among competitors. This move echoes the recent regulatory advancements in countries such as the Netherlands, Greece, and Germany, where competition authorities have implemented measures to make sustainability-focused collaborations easier.
For more specific details on the joint venture and the legal implications of this landmark move, please consult the original article here.