London-based Emitwise raises €5.4 million for its AI-powered software platform that addresses corporate exposure to carbon
Summary
Founded in 2019, Emitwise’s carbon accounting platform helps companies to automate the measurement, reporting and reduction of greenhouse gas emissions to underpin corporate climate action. The London-based startup specialises in embedding science-based trajectories that cut emissions from company supply chains at the quantity and speed needed to constrain global warming to 1.5 degrees Celsius. A net zero-aligned model is a proxy for profit, efficiency and resilience and we’re committed to helping firms realise the major economic upsides of the transformation.” Marc Faucher from ArcTern Ventures commented: “Enterprises face mounting pressure from customers, investors, and regulators to disclose accurate environmental data. By enabling carbon data to flow efficiently between a company, its supply chain, and its climate initiatives, the software provides a clear audit trail that steers action. • Integration with enterprise resource planning (ERP) systems and raw data across all emission categories within the proprietary Emitwise Carbon Calculator.