INSPIRATION
As is often said, what you cannot measure, you cannot improve. Tackling climate change requires collecting and analyzing climate and earth data. To this end, startups use the Internet of Things (IoT) sensors and satellites to develop more accurate climate models and improve climate action planning.
Additionally, startups provide carbon accounting and reporting platforms for businesses to analyze carbon projects. This allows companies to ensure the effectiveness of their impact investments and avoid low-performing projects, which benefits the companies and aids in combating climate change. This also improves their brand value and positively impacts sales as more and more customers now prefer climate-friendly products.
UK-based startup Sylvera offers data-driven intelligence for carbon projects. The startup’s platform combines geospatial data and ML to generate credit ratings based on carbon performance, additionality, and permanence.This provides improved visibility into carbon projects and allows quick evaluation and comparison of project quality. Consequently, Sylvera’s solution enables corporate sustainability teams to ensure investments in the right carbon projects and monitor project performance.
US-based startup Green Project Technologies provides an ESG data collection and reporting platform. It integrates with existing systems like utility and financial accounting software to collect relevant data. It then regularly pulls data from these systems as well as handles data cleaning and processing.Finally, the platform streamlines the ESG reporting process and enables purchasing and procurement teams to increase visibility into vendor and supplier performance. Similarly, the platform allows internal ESG teams to measure and market their ESG data and enables investment firms to generate portfolio-wide ESG reports.
