CO2 AI: Sustainability-as-a-Service software
CO2 AI: is a BCG spin-off Sustainability-as-a-Service software that helps measuring, tracking and reducing the environmental footprint at scale, for the businesses and their supply chains.
CO2 AI is a SaaS (Sustainability-as-a-Service software) that measures, tracks, and reduces the environmental footprint at scale for businesses and their supply chains. Incubated by BCG, the company was founded based on a vision to leverage advanced analytics and technology as a response to climate change.
It turns the raw data into business intelligence and recommends features actions:
- Footprint Explorer: mapping Scope 1, 2 and 3, uncovering emissions' hotspots.
- Simulator: visualises the CO2 and cost impact of chosen abatement initiatives.
- Roadmap designer: forecasting Scope 1, 2 and 3 emissions, developing Net-Zero roadmap, setting carbon reduction targets and monitoring progress.
- Supplier collaboration: requesting more accurate Scope 3 emissions data directly from the suppliers and becoming a facilitator in decarbonising the supply chain.
CO2 AI is compliant with the GHG Protocol, supports sustainability criteria of GRI and TCFD; is GRI certified, and is a CDP gold accredited provider in relation to climate change and SBT services. Partners in data integration are SAP and Azure. With 130 million tons of CO2e under management, among its largest clients are Coca Cola, Novartis, DELL, Orsted, and others. The company holds a best practice accolade from Sustainability Awards 2022 Packaging Europe.
With 130 million tons of CO2e under management, among its largest clients are Coca Cola, Novartis, DELL, Orsted, and others. The company holds a best practice accolade from Sustainability Awards 2022 Packaging Europe.
My Recommendation: for the businesses is to consider the platform for more accuracy in CO2 estimation, simulation reduction opportunity, collaboration with partners for accuracy in Scope 3 reporting and collaborating in supply chain decarbonisation.
Sources and an opportunity to find out more:
- CO2 AI website: https://co2ai.com
- Wired: https://www.wired.com/sponsored/story/data-science-on-the-front-lines-of-battling-climate-change/
- World Economic Forum: https://www.weforum.org/agenda/2021/09/time-to-utilise-the-full-power-of-ai-to-accelerate-our-fight-against-climate-change-301cb3f9d4/