Glossary

This glossary provides simple definitions of key terms related to TradeAware. It's a quick reference to help you understand the terms we use, making it easier for you to navigate and use our platform.

Analysis

A determination of the risks present on a plot of land using geospatial analysis including TradeAware's Precision Analysis which distinguishes deforestation from agricultural management.

Business connection

It is the result of accepting a business invitation. When a buyer and a supplier establish a business connection the supplier's plots are shared automatically with the buyer. It is important to note that the data sharing flows downstream, from suppliers to buyers, and not the other way around.

Business invitation

A request from a buyer to a supplier asking to share the geolocation data of their plots for the EUDR compliance process. It is similar to the concept of inviting other users in a social network to connect and share data. In TradeAware context, business invitations are a way to establish business connections.

Commercial network

It allows companies to connect with each other for ongoing data sharing to simplify the process of ongoing due diligence and to prevent re-entry of plot information for each new buyer request.

It allows suppliers to request and anonymously share data from their sub-suppliers so they don’t have to worry about sharing commercially sensitive data.

Commodity

Commodities means those referenced in the EUDR namely: Cattle, Cocoa, Coffee, Oil Palm, Rubber, Soya, and Timber.

Plot

As defined in the EUDR "land within a single real-estate property, as recognised by the law of the country of production, which enjoys sufficiently homogeneous conditions to allow an evaluation of the aggregate level of risk of deforestation and forest degradation associated with relevant commodities produced on that land."

Transaction

An entity in TradeAware that can be used to create due diligence statements by linking to product information in items such as purchase orders (PO).