The climate crisis is creating massive demand for data capture as industries grapple with how to decarbonize. Put simply, you can’t cut your carbon emissions if don’t know what they are in the first place.
This need to gather data is a big opportunity for startups — and a wave of early companies have already been founded to try to plug the sustainability data gap, through things like APIs to assess emissions for carbon offsetting (which in turn has led to other startups trying to tackle the data gap around offsetting projects…).
One thing is clear: Requirements for sustainability reporting are only going to get broader and deeper from here on in.
Munich-based Tanso is an early stage startup (founded this year) that’s building software to support sustainability reporting for a particular sector (industrial manufacturers) — with the goal of creating a data management system that can automate data capture and sustainability reporting geared towards the specific needs of the sector.
The startup says it decided to focus on industrial manufacturing because it’s both an emissions-heavy sector and underserved with supportive digital tech vs many other industries.
The founders met during their studies at universities in Munich and Zurich — where they’d been researching the assessment of organizational climate impact. Their collective expertise crystalized into the realization of a business opportunity to build a data management system for a notoriously polluting sector that’s facing a mandate to change.
In the coming years, European regulations will expand sustainability reporting requirements (Read more...)