BRICS Solution Awards

CarbonCompete

Problem and implemented solution

When it comes to the data integrity of carbon emissions shown by a particular organization, there are currently no factors to evaluate or check the authenticity of those emissions throughout their supply chain process. So, this becomes a problem for the entity and the stakeholders to confidently address or show sustainability within an ESG compliance or to the customers buying the product. Our solution to this problem is to bring in a feature called the, ‘Carbon Confidence Score’ Now, for example, if a company shows their scope 2 emissions and that too of the production unit stage in a lifecycle# they can show the ‘Carbon Confidence Score’ along with the total emissions to mitigate the problem of data integrity or how reliable the emissions of their scope 2 are.

India
Nomination

Climate And Environmental Technologies

Topic

Climate adaptation solutions

Estimated duration of implementation

6 months

Implementation geography

We have successfully penetrated markets in India and Europe and are now focused on expanding into new regions such as Asia and America. Acquiring new customers and retaining existing ones remains a priority for us. However, gaining access to investor networks has proven challenging. Additionally, we are actively seeking grants to sustain our operations for the next few months.

Description of competitive advantages

We offer SaaS intelligent platform with technical features including Carbon Confidence Score, Carbon Canvas, Automated Life Cycle Assessment (LCA), Environmental Product Disclosure (EPD), Financial Emissions at a product level and Carbon Advice. Our AI automation capabilities include automated value chain mapping, hotspot identification, Anomaly detection, smart data extraction, Emission Forecasting, and reporting insights. These features give us a significant edge over our competitors and similar solutions in the market.

List of awards and prizes, media articles about the organization/individual or the Practice

CarbonCompete has been recognized for its innovative approach to sustainability, having been selected as a finalist in prestigious competitions like GreenTech and BoostUp. Our achievements have garnered media attention, with Sifted featuring our company in an article highlighting promising startups in the sustainability sector. Additionally, we received a grant of 700,000 INR from HDFC Bank, further validating our impact and potential in driving environmental innovation. These accolades underscore our commitment to creating meaningful change through technology.

List of scientific works and IP connected with the Practice

N.A.

Contacts

For queries about BRICS Solutions Awards please reach out to Agency for Strategic Initiatives International Office Team:

Partners

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