202430 Apr

Carbonfact is a carbon management platform designed specifically for the fashion industry

Summary

Thats why the company has decided to provide a carbon management and reporting tool for the fashion industry exclusively.And Carbonfact recently raised a $15 million funding round led by Alven, the French VC firm that led Carbonfacts seed round in 2022 already. They help you track your carbon emissions and create reports in a more or less automated way.Just like Carbon Maps focuses exclusively on the food industry, Carbonfact is focusing on the fashion industry so that its product can be more granular and more specific.For these industries food is a very good example, fashion is a very good example you need to be accurate in your calculations and you need industry-specific tools to model virtual products and improve your product offering in the future, Carbonfact co-founder and CEO Marc Laurent told me.In more practical details, Carbonfact retrieves your existing data from your ERP and other internal systems. It then calculates the footprints for each product using a lifecycle assessment engine that is specifically designed for clothing items. The platform can then be used to run what-if scenarios to see if you should change a material, move to a new country of manufacturing or change your transport methods.While many companies will focus first on CO2-equivalent metrics, Carbonfact can also be used to track other metrics, such as water consumption, French eco-labels and other environmental indicators in the carbon accounting industry, they call these indicators the Product Environmental Footprint Category Rules, or PEFCR for short.And Carbonfact has already onboarded over 150 apparel and footwear brands, including New Balance, Columbia, Carhartt and Allbirds. We track 100% of their subsidiaries, 100% of their suppliers, 100% of their products, Laurent said.Each client pays tens of thousands of dollars per year to use Carbonfact.

Source: Techcrunch

Funding

$15M
Amount
Apr 30 2024
Date
-
Investor
Carbonfact
Company

Classifications

Companies