Cambridge Scientists Secure $5M from Leading Global Venture Capital Funds and Corporations to Transform Scope 3 Decarbonization
Summary
This is challenging due to a lack of primary value chain data, the inability to influence suppliers and the high cost of decarbonization.Neutreenos proprietary process networks, based on mass and energy flow research, significantly minimise the primary data burden on suppliers and allows enterprises to map product lines faster and with greater precision than existing tools. Neutreenos customers span Asia, Europe, and North America, including S&P 500 and FTSE 250 companies across multiple industries, and a wide range of SMEs.Fredrik Nilz\xe9n, Head of Sustainability at Scania Group, one of the worlds largest commercial vehicle manufacturers, emphasized, "Neutreeno offers a unique and innovative solution that is crucial for tackling sustainability challenges with improved efficiency and cost-effectiveness at scale. "Dr Spencer Brennan, Neutreenos founder, assembled a team of scientists who over two decades pioneered concepts of circularity and resource efficiency in complex supply chains, informing international climate policy. "Neutreeno delivered groundbreaking results for a multi-billion-dollar enterprise customer, identifying a 35% emissions reduction potential across Scope 13 for one of its suppliers and automatically pinpointing actions leading to new product designs, procurement changes, and substantial emissions reductions all in just four weeks.Enthused by the companys mission to democratize emissions reductions for millions of businesses, Michael Smith, General Partner of Regeneration, commented, "Neutreeno has the first technical system able to move beyond Scope 3 reporting to systematically decarbonize industry, unlocking the US$130 trillion of capital waiting to fund the low-carbon transition. Neutreeno partners with leading businesses wanting to move beyond carbon accounting and take decisive action to decarbonize Scope 3 emissions.