Four Gamechanger Technology Solutions To Level Up Retail, Fashion Climate And Biodiversity Reporting

Four Gamechanger Technology Solutions To Level Up Retail, Fashion Climate And Biodiversity Reporting

Data is everything. This technology makes it easier and faster to take into account all the nuances of reporting corporate carbon emissions, biodiversity gains, reforestation initiatives and retail electrification. Here, WWD offers some of the latest solutions.

Watershed: Watershed is a corporate climate platform designed to take carbon accounting and accountability to the next level.

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Retailers and tech giants like Walmart, Shopify, Pinterest, Everlane, Coyuchi, Warby Parker, Skims and Bombas have already used real-time carbon tracking software, and Pinterest has committed to being 100% renewable by the end of the year. In 2023, Koiuchi promises to reduce net income to zero by 2025.

Data from thousands of emission factors from governments, LCAs, scientific reports and company reports to support auditing, Watershed's carbon data engine allows you to track the carbon footprint, category, supplier, location and more of a single company in real time. The track is run in weeks (as opposed to months).

We went from industry averages to a real model based on our real data in a matter of weeks. Stacy Kao, Shopify's director of sustainability funds, said in a blog statement. .

The resolutions also include a dedicated SEC tool to help companies prepare for SEC climate disclosure rulings (although the original October 2022 deadline has been pushed back, experts say, because of the urgency of climate change, with notices eventually from the year expected).

Wildgrid: Launched earlier this month, Wildgrid is a female-led educational program that helps U.S. citizens and businesses qualify for rebates under the Biden administration's Inflation Control Act, the largest effort to shift from green to renewables switching energy for savings. electric cars and much more.

The Wildgrid app, which is aimed at consumers, launched last week with a waiting list of 700 people and encourages individuals or businesses to create a profile and see what rewards they might qualify for. These include discounts on solar panels, induction furnaces, insulation, electric cars, electric car chargers, batteries, and more. The tool is free to use, according to co-founder Crystal Perso, as Wildgrid aims to monetize partnerships and deals with vendors.

One of the most popular search traffic posts on Wildgrid is "Are ESCOs a Scam?" (Short answer: No.) This explains the need to communicate about rewards. With a previous funding round of $725,000, the startup hopes to inspire "Voltage Vixens" called Perso, Perso says her team is brainstorming ChatGPTs — or women who control the bulk of household expenses — for ways to improve. The standard of living. .

With the built environment, including retail, accounting for about 38 percent of all energy-related carbon emissions, people are at a tipping point where they need to "step up," according to the Global Alliance for Building and Construction (GlobalABC). their lockers. apartments and everything around them.

According to him, additional industrial tools will be added soon.

eDNA: eDNA is a technology (in which Balenciaga recently invested) developed to measure and monitor biodiversity by detecting traces of DNA in the environment, providing businesses, landowners and farmers with the data they need to make decisions to monitor, control and restore a biodiversity ecosystem. health.

It is already being used in Kering Nature Regeneration Fund projects, and Epiter is using the tool in a project to rebalance the environment and preserve lifestyles in the Occitania region of South-West France. Without accurate data and measurements, agricultural land management strategies can fail – eDNA technology is expected to play an increasingly important role in ecosystem restoration.

CTrees: CTrees counts all trees and counts trees (important for the company's reforestation projects and wider biodiversity conservation initiatives).

Developed by NASA researcher Dr. Sasan Sachi, founder of Satellite Technology, tracks carbon stocks to estimate forest degradation and global emissions as a solution to biodiversity loss.

It is already used in UN-backed REDD+ reforestation programs (brands such as Native Deodorant support nature in the Chyulu Hills REDD+ project).

Using geospatial data on forest carbon, CTrees measures forest regeneration, deforestation, degradation and fires. Companies can use the data to measure, report and validate projects critical to long-term planning, to predict risks and to identify suitable areas for long-term forest investment.

Anyone can log on to the nonprofit's website to see carbon sequestration, deforestation and deforestation in real time on an interactive map.

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