1 topic, 2 key figures, 3 startups to draw inspiration from
- Scope 1 represents direct GHG emissions such as emissions from combustion and processes.
- Scope 2 refers to indirect emissions associated with energy consumption, the amount of GHG released to produce the electricity, heat, cold, or vapour consumed.
- Scope 3 gathers all other indirect emissions including those from the upstream and downstream value chain, transportation of persons and goods, waste, purchases of products and services, use of the sold products etc.
- Emission tracking: Startups such as Emitwise, Worldfavor, and Position Green have designed software and platforms that gather information from all of a company’s locations to automate sustainability reporting and track emissions. These tools give corporates a better understanding of their carbon emissions and allow them to take the most impactful actions for the environment. Other startups target specific sectors. For instance, Sustainabill focuses on tracking the environmental impact of supply chains and allows businesses to compare the sustainability ratings of their suppliers. CarbonCloud develops automated carbon footprint scoring for the food and beverage industry.
- Emission tracking and reduction: Another way to help corporates reduce their carbon footprint is to provide them with insight. Cozero has developed a platform that automates emission accounting, as well as a digital marketplace that offers low-carbon alternatives to reduce carbon emissions. Klimametrix sends its users individual action plans based on their footprint calculations to help them reduce their CO2 emissions. Planetly has built software to analyze companies’ emissions and suggest actions to reduce them, whether it’s improving production processes, switching to renewable energy or adopting greener transportation for business trips.
- Emission tracking and offsetting: Some startups help reduce carbon emissions by offsetting them, guiding corporates in financing carbon reduction projects to compensate their own emissions. Startups like ClimateSeed and Cloverly help measure your carbon footprint and select relevant carbon reduction projects. You invest in one or more projects and receive carbon credits in line with your emissions. This system allows corporates to invest in reliable and verified projects, and to receive reports on the progress of these projects.
2 Key Figures
95 carbon footprint software startups
Carbon footprint management market expected to reach $12.2 Bn by 2025
3 startups to draw inspiration from
This week, we identified three startups that we can draw inspiration from: Sustainabill, Cozero, and Cloverly.
Cozero developped a digital carbon action platform focused on helping companies take control of their corporate emission data. The companies platform offers tools for end-to-end carbon management, planning, emission accounting and carbon portfolio management to maintain carbon log and forecast carbon output using data analytics, thereby enabling companies to achieve carbon neutralization.
Cloverly’s sustainability as a service platform calculates the carbon impact of common internet activities like e-commerce shipments, rideshare and on-demand deliveries and then purchases carbon offsets to make those activities carbon-neutral, enabling buyers to view in real-time the source of the offset and through its algorithm matches customers with the closest source of renewable energy for localized impact.