Freight News, IT, Logistics

Carbon-cutter wins funding

[ May 16, 2023   //   Chris Lewis ]

Climate technology specialist Pledge has secured US$10 million in Series A funding to help businesses reach net zero emissions, starting with the logistics and supply chain industry.

Pledge provides accredited tools for supply chain leaders and freight forwarders to understand, report, reduce, and remove their logistics emissions. Increasing regulatory pressures from new climate directives, such as the Corporate Sustainability Reporting Directive and Fit for 55 in Europe, mean supply chain and logistics leaders need to address their emissions and make significant, long-term reductions.

Pledge is accredited by the Smart Freight Centre for its adherence to the Global Logistics Emissions Council framework, the only globally recognised methodology for calculating greenhouse gas (GHG) emissions in the logistics supply chain, which has formed the basis of the recently published ISO 14083 standard.

It guides users through the emissions calculation process, ensuring calculations are auditable and customers are confident in fulfilling their reporting requirements.

Supply chain emissions account for over 70% of total GHG emissions for large and medium-sized businesses, whilst the logistics industry as a whole produces 11% of the world’s total GHGs.

Tags: Pledge