Industry veterans launch new company, Scope23,
to accurately measure and manage carbon emissions
CHICAGO, Nov. 19,
2024 /PRNewswire/ -- In response to a critical market
need for carbon reduction strategies based upon actual, accurate
and actionable business intelligence, a group of transportation
industry veterans have launched Scope23, a technology company
dedicated to making sustainability achievable for shippers and
transportation service providers.
"We did not set out to offer just another emissions reporting
product. Our vision was to create an action platform, one that
deploys actual shipment level data and AI to facilitate thoughtful
decision-making by companies with a genuine interest in achieving
critical decarbonization goals," said Shaleen Devgun, Executive Vice President, Chief
Innovation and Technology Officer at Schneider National, Inc.
(NYSE: SNDR) and co-founder and board member of Scope23.
"We are testing Scope23's flagship product, GreenSight, with
both our proprietary trucks and our third-party carriers," said
Jeff Simon, Transportation
Procurement & Sustainability Associate Manager at PepsiCo.
"We're capturing data points, such as shipping origins and
destinations, charging infrastructure and alternative fueling
options – all the factors that drive how we ship. GreenSight then
compiles and easily organizes the information and, through AI,
offers specific recommendations by lane, region, or business unit.
They're even customizing dashboards to show greenhouse gas (GHG)
emissions reductions by regions, lanes, and carriers."
"We've embedded Scope23 within various teams across PepsiCo
North America to build solutions that help us meet our
sustainability goals," said Adam
Buttgenbach, Director of Fleet Engineering and
Sustainability at PepsiCo. "Having granular shipment-level
visibility to our current carbon emissions has provided a lot of
value in understanding how to best reduce GHG emissions."
A recent survey by Boston Consulting Group found that 87% of
leaders believe that AI is a helpful tool to reduce climate change.
The Report shows that AI has the potential to help mitigate 5-10%
of global GHG emissions by 2030. Scope23, which is receiving
initial funding from Schneider and Pilot Company, intends to fill
the gap for shippers and carriers with a platform that
operationalizes carbon accounting into existing transportation and
purchasing procedures.
"Our unrelenting focus on data 'from the wheels' represents a
critical differentiating factor," said Jeff
Summerson, Head of Product at Scope23 who has held executive
and product leadership roles in transportation and fleet logistics
for the past 20 years. "It's critical that we begin to progress
from using averages or approximations to relying on actual,
accurate and actionable data that leads to more precise carbon
calculations and a more streamlined process."
PepsiCo and Scope23 have commitments from the majority of
PepsiCo's third-party transportation fleet partners to provide
comprehensive shipment level data, expanding upon Scope23's
existing dataset which includes data from Schneider and other
carriers.
"The more shippers and carriers that participate, the more
robust and actionable the information," added Brian Stuelpner, Vice President Product and
Innovation, Schneider, and co-founder and Board member of Scope23.
"Road-level data is absolutely foundational, as is widespread
participation by fleets. Both carriers and shippers will greatly
benefit from this type of shared business intelligence. Carriers
can gain a competitive edge with their customers by showcasing
their ability to reduce Scope 3 emissions. And shippers know that
they cannot reduce their transportation-related carbon emissions in
a silo. The platform provides visibility to the impact that
different decisions can have."
"We're building into a market that largely didn't exist a few
years ago," Summerson said. "The tipping point around
sustainability commitments has arrived, and shippers and carriers
need software tools to meet their decarbonization targets. What
we've built is a zero-agony experience that allows for an
all-in-one-place emissions management and reduction platform for
transportation —a decarbonization decision engine for climate
accounting and action."
Scope23, based in Chicago,
began publicly showcasing its product and growing network of
investors, partners, and customers at the Verge 2024 Conference
held this October in San Jose.
Media Contact:
Colin
Baumgartner, representing Scope23
614/441-5576
cbaumgartner@thecollectivegenius.org
View original
content:https://www.prnewswire.com/news-releases/breakthrough-business-intelligence-to-decarbonize-supply-chains-302309535.html
SOURCE Scope23