CarbonCompete: AI-Powered Decarbonization Tools

This post is a part of the Early Stage Climate Startup series from Climafix 2024

Highlights

CarbonCompete is an Enterprise AI SaaS platform that enhances supply chain sustainability through AI-powered tools for tracking, analyzing, and reporting greenhouse gas (GHG) emissions.
Its features include corporate GHG assessments, automated Life Cycle Assessments (LCAs), and insights for carbon reduction strategies.

AI Automation: The platform automates greenhouse gas (GHG) assessments, life cycle assessments (LCA), environmental product declarations (EPDs), and internal carbon pricing mechanisms, reducing the reliance on manual data collection.
Supply Chain Transparency and Traceability: Using patented tools such as Carbon Navigator and CarbonGPT, the platform provides deep insights into supply chain emissions, helping companies identify carbon hotspots and implement decarbonization strategies.

Manual Reporting & High Errors: Currently, emissions are manually recorded using spreadsheets, leading to reporting fatigue, CarbonCompete’s AI automation reduces human errors.
Unaddressed Scope 3 Emissions: More than 70% of GHG emissions come from scope 3 sources, which are often overlooked. CarbonCompete’s tools provide comprehensive coverage of scope 3 emissions.
Lack of Standardization and Data Transparency: Without a standardized framework, many companies struggle with verifying data quality and consistency. CarbonCompete offers a Carbon Confidence Score to audit and assess the quality and veracity of data.

Reducing Emissions: By enabling automated, data-driven carbon management, CarbonCompete’s tools help enterprises make informed decisions particularly focusing on the often-overlooked scope 3 emissions.
Streamlining Compliance: The platform ensures compliance with major global sustainability frameworks and mandates, such as EU’s EN15804, PEF compliance, and India’s sustainability reporting standards.

Current Target Segments: MSMEs, large enterprises, and sustainability consultancies.
Future Potential: Expanding its AI-powered platform to address the evolving requirements of global markets, driven by mandates like the EU’s Scope 3 reporting regulations.

AI Reports: Automating GHG assessments, LCAs, and emissions reporting, CarbonCompete reduces manual workloads and improves data accuracy.
Data Veracity & CarbonGPT: The platform’s CarbonConfidence Score assesses the quality and veracity of emissions data. CarbonGPT, helps businesses identify carbon hotspots and generate decarbonization roadmaps automatically.

Sundar Kannan (CEO): With over 20 years of experience in leading enterprise companies and 10+ years in the startup ecosystem, Sundar brings a wealth of knowledge in enterprise SaaS, having previously founded ComputeNext and ZeroT
Dr. Vishwakarma J S (CTO): A PhD in Applied AI with over 20 years of experience in data science, Dr. Vishwakarma leads the technical innovation at Carbon Compete, having previously served in executive roles at Volkswagen and PwC.