World Changing Ideas How can data help capture carbon and fight climate change?
In this episode, we're taking a look at how one company and a nonprofit are working together to capture carbon. Their partnership also addresses the question of how we can make climate innovation a successful business strategy.
Climate Vault has come up with a new way of addressing how companies can be held accountable for their carbon emissions. The nonprofit uses compliance markets to set up a verifiable and transparent way of measuring carbon offsets. And secondly, it helps invest in strategies and new technologies that remove even more carbon from entering the atmosphere.
Genpact is in the business of digital transformation and this means it’s ripe for helping companies and organizations innovate. To that end, it recently partnered with Climate Vault to build software for the nonprofit to track carbon emissions. As part of its stated mission to create a world that works better for people, Genpact has created a system to help organizations reach their carbon reduction goals.
Conversation highlights:
- at its core, climate change is a data challenge
- holding companies accountable comes down to trust
- it’s critical to keep the carbon removal process as transparent as possible.