StepChange Raises $4 Mn Funding To Empower Corporates In ESG Metrics Management
StepChange, a platform for sustainability, has raised nearly $4 million in seed finance, with BEENEXT and Global Founders Capital as the main investors. A number of other international investors, including Genesia Ventures, Whiteboard Capital, Saison Capital, Seedstars, Antler, and Speciale Invest, also participated in the investment.
The money donated will go towards improving StepChange's carbon accounting models for individual geographic areas, promoting product development, and boosting business in India and other important foreign markets. The firm, which has a workforce of about 30 people worldwide, will also put an emphasis on hiring, according to Ankit Jain, co-founder and CEO of StepChange.
The US-based company, founded in 2022 by Ankit Jain and Dr. Sidhant Pai, provides large corporate enterprises and financial institutions with an all-encompassing integrated solution to enhance their ESG metrics, manage climate risk, and cut emissions throughout their supply chains, internal operations, and financial portfolios.
StepChange offers internationally recognised science-based methodologies, user-friendly cloud-based tools that seamlessly integrate into existing enterprise systems, and other services to assist businesses in benchmarking their ESG metrics, identifying emissions hotspots, setting achievable targets, tracking improvements, reporting ESG performance, and complying with regulations as well as communicating the advantages of their sustainability initiatives to their customers.
"StepChange was created to fill an important need in the market: businesses lacked a trustworthy method for navigating the challenging terrain of sustainability and NetZero Transition. To ensure that we can develop the most dependable and affordable solutions for businesses to become sustainable and fulfil their sustainability goals, we have more than 10 passionate climate researchers on our team, added Jain.
"We are proud to be the sustainability partner of choice for some of the largest Indian enterprises and plan to take our offerings international very soon," the speaker continued. With more than 75,000 emission variables for diverse goods and services, StepChange has one of the largest India-specific carbon accounting databases. This has allowed top businesses to account for more than 250 million tCO2e, or more than 7.5% of India's emissions.
The money donated will go towards improving StepChange's carbon accounting models for individual geographic areas, promoting product development, and boosting business in India and other important foreign markets. The firm, which has a workforce of about 30 people worldwide, will also put an emphasis on hiring, according to Ankit Jain, co-founder and CEO of StepChange.
The US-based company, founded in 2022 by Ankit Jain and Dr. Sidhant Pai, provides large corporate enterprises and financial institutions with an all-encompassing integrated solution to enhance their ESG metrics, manage climate risk, and cut emissions throughout their supply chains, internal operations, and financial portfolios.
StepChange offers internationally recognised science-based methodologies, user-friendly cloud-based tools that seamlessly integrate into existing enterprise systems, and other services to assist businesses in benchmarking their ESG metrics, identifying emissions hotspots, setting achievable targets, tracking improvements, reporting ESG performance, and complying with regulations as well as communicating the advantages of their sustainability initiatives to their customers.
"StepChange was created to fill an important need in the market: businesses lacked a trustworthy method for navigating the challenging terrain of sustainability and NetZero Transition. To ensure that we can develop the most dependable and affordable solutions for businesses to become sustainable and fulfil their sustainability goals, we have more than 10 passionate climate researchers on our team, added Jain.
"We are proud to be the sustainability partner of choice for some of the largest Indian enterprises and plan to take our offerings international very soon," the speaker continued. With more than 75,000 emission variables for diverse goods and services, StepChange has one of the largest India-specific carbon accounting databases. This has allowed top businesses to account for more than 250 million tCO2e, or more than 7.5% of India's emissions.
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