Details are everything. Technology is making all the nuances of corporate reporting on carbon emissions, biodiversity gains, reforestation initiatives and retail electrification faster and easier. Here, WWD profiles a handful of the latest solutions.
Portal: Portal is an enterprise climate platform built to take carbon accounting — and accountability in general — to the next level.
Already, retailers and tech giants such as Walmart, Shopify, Pinterest and brands Everlane, Coyuchi, Warby Parker, Skims and Bombas have used the real-time carbon emissions tracking software, with Pinterest for one dedicated to 100 percent energy renewable by the end of the year. 2023, with his help, and Coyuchi committed to net zero by 2025.
By pulling data from thousands of emissions factors from governments, LCA dashboards, academic reports and company reports to power its audit, Portal’s carbon data engine allows real-time tracking of all scopes, categories, vendors, locations and more of company – with carbon. look ready-made in weeks (rather than months).
“We went from generic industry media to a live model – based on our actual data – in a matter of weeks. And this modeling opened up a thousand new ways to reduce emissions throughout our value chain,” said Stacy Kauk, director of Shopify’s sustainability fund, in a blog statement.
Solutions also include a special tool for the Securities and Exchange Commission so companies can prepare for the SEC’s incoming climate disclosure rules (although the initial timeline has been delayed from October 2022, experts say to watch out for for disclosure by the end of the year given the climate urgency).
Wildgrid: Launched earlier this month, Wildgrid is a women’s education software that helps American citizens and businesses access rebates under the Biden administration’s Inflation Reduction Act, which is the largest environmental energy savings effort to date. powered by renewable energy, electric. vehicles and more.
Wildgrid’s consumer app was launched last week with a waiting list of 700 people and works by enabling people or businesses to build a profile and see what rebates they are eligible for. These include rebates on solar panels, induction stoves, insulation, electric vehicles, EV chargers, battery storage and more. The tool is free to use, as Wildgrid seeks to monetize partnerships and vendor contracts, according to co-founder Krystal Persaud.
One of Wildgrid’s most popular blog posts for search traffic is “Are Energy Service Companies (ESCOs) a Scam?” (The short answer: they aren’t.) He explains the need for education about rebates. With a pre-seed funding round of $725,000, the startup is looking to “Voltage Vixens,” said Persaud who said their team brainstormed ChatGPT – or the women who lead the majority of household spending – to balance their lives. .
As the built environment – including retail – accounts for around 38 per cent of all energy-related CO2 emissions, according to the Global Alliance for Buildings and Construction (GlobalABC), Persaud said people are a necessary inflection point to “level up” their wardrobes, flats and everything around them.
More tools for the industry are to be added soon, she said.
eDNA: eDNA (in which Balenciaga recently invested) is a technology developed to measure and monitor biodiversity by identifying traces of DNA in the surrounding environment so that companies, land managers and farmers are equipped with the decision-making data needed to monitor and restore make the health of the ecosystem.
The tool has already appeared in projects by Kering’s Regenerative Fund for Nature, and Epiterre uses the tool in a project to restore ecological balance and protect livelihoods in the Occitanie region in south-west France. Without accurate data and metrics, agricultural land management strategies may fall short — eDNA technology seeks to play a more important role in restoring ecosystems.
CTrees: CTrees is counting all the trees and making them count (crucial as part of company reforestation projects and wider biodiversity initiatives).
Founded by NASA research scientist, Dr. Sassan Saatchi, the satellite-based technology monitors carbon stocks to quantify forest degradation and global emissions, as a solution to biodiversity loss.
It is already used in REDD+ reforestation programs supported by the United Nations (where brands like Indigenous deodorant in the Chyulu Hills REDD+ Project have stood up for nature).
Using geospatial forest carbon data, CTrees measures global reforestation, deforestation, degradation and fires. Companies can tap the data to measure, report and verify projects, which is critical for long-term planning to predict risks and identify areas suitable for long-term forest investment.
Anyone can access the non-profit’s website to see total carbon removal, forest removal and non-forest removal on a real-time interactive map.