Cambridge Scientists Secure $5M from Leading Global Venture Capital Funds and Corporations to Transform Scope 3 Decarbonization

On average, companies have over 90% of emissions in their value chain (Scope 3) and 93% will fail to achieve their net zero goals unless they double the pace of emissions reduction by 2030. This is challenging due to a lack of primary value chain data, the inability to influence suppliers and the high cost of decarbonization. On average, companies have over 90% of emissions in their value chain (Scope 3) and93% will fail to achieve their net zero goals  unless they double the pace of...

CAMBRIDGE, England, 02/10/2024 (informazione.it - comunicati stampa - information technology)

On average, companies have over 90% of emissions in their value chain (Scope 3) and 93% will fail to achieve their net zero goals  unless they double the pace of emissions reduction by 2030. This is challenging due to a lack of primary value chain data, the inability to influence suppliers and the high cost of decarbonization.

Neutreeno's 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. Their easy-to-use and affordable digital system automatically pinpoints solutions that reduce emissions and costs across 1,000s of suppliers. Neutreeno's 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 Nilzén, Head of Sustainability at Scania Group, one of the world's largest commercial vehicle manufacturers, emphasized, " "

Dr Spencer Brennan , Neutreeno's 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. Spencer remarked, " ." Professor Jonathan Cullen , Head of Climate Science at Neutreeno and Lead Author for the IPCC AR6 Industry Chapter, stated, " ."

Neutreeno delivered groundbreaking results for a multi-billion-dollar enterprise customer, identifying a 35% emissions reduction potential across Scope 1–3 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 company's mission to democratize emissions reductions for millions of businesses, Michael Smith , General Partner of Regeneration, commented, " ."

With its innovative approach and strong industry backing, Neutreeno is poised to make a significant impact on global decarbonization efforts, helping companies achieve their climate goals faster than ever before.

Utilizing proprietary process networks and engineering models, Neutreeno identifies and eliminates emissions at source. Neutreeno partners with leading businesses wanting to move beyond carbon accounting and take decisive action to decarbonize Scope 3 emissions. Learn more here .

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