ADEC Innovations, a global sustainable practice and compliance firm, is partnering with London-based Libryo, a legal tech software as a service (SaaS) company, to help brands understand compliance requirements, ADEC said in a press release on Tuesday (Aug. 20). The partnership will offer greater transparency and improved processes, according to ADEC, which specializes in environmental, social and governance (ESG) solutions.
Using ADECs’ CleanChain, the partnership will automate processes for Manufacturing Restricted Substance Lists (MRSLs) as well as Restricted Substances Lists (RSLs). The software will track chemical use and manage compliance.
The CleanChain Compliance Module extension integrates Libryo's library of 20,000+ legal users making it easier for brands to comprehend federal and regional legal and regulatory obligations. Users will also be able to create compliance plans and track multiple facilities.
“We are delighted to have partnered with ADEC Innovations to bring the Compliance Module to an industry that has been searching for a smarter way to address this very difficult problem,” said Peter Flynn, Libryo's Chief Executive Officer. “Helping to solve environmental and social issues like this is the reason we founded Libryo, so it is very satisfying to see this solution launch so strongly.”
The new tool will generate a straightforward checklist from key legal components and outline upcoming steps for compliance. It will also offer on-demand answers to common questions like, “What does the law require my business to do here and now?”
“The driving force behind CleanChain is transparency, and our partnership with Libryo allows us to take that to the next level," said ADEC Innovations President, Global Development Lance Pierce. “Having real-time access to regulations involving waste production, hazardous chemicals, and child labor empowers companies to proactively make positive impacts for their business, as well as the communities they serve, and to be transparent in doing so.”
With the globalization of supply chains, businesses cannot afford to manage compliance in isolation, as noted in this space earlier in the year. Entering new markets and working with unfamiliar partners can introduce major risks. Managing compliance across an organization and its partners and vendors can overload companies that still continue to rely on spreadsheets.