Optera: Quantifying and reducing scope 1, 2, and 3 emissions across global supply chains.
Corporations have committed to net zero by 2050, but many don’t have actionable data or tangible plans.
According to the IPCC, limiting global warming to 1.5°C above pre-industrial levels requires ambitious action between now and 2030, including halving our CO2 emissions from 2010 levels. More than 1500 large corporations have now committed to net zero by 2050, but they need to make their climate action plans clear and tangible in the short and medium term. Based on their combined 70 years of working with Science Based Targets and the CDP database, Optera’s founders have created an innovative corporate sustainability management platform to drive this net zero movement. Their enterprise software enables companies to set, manage, and achieve emissions targets across supply chains and investment portfolios.
Optera’s enterprise software directly connects companies with their data throughout their supply chain, investment portfolios, products, and operations to accurately quantify and manage their carbon emissions. By unlocking data and action across the vast networks of corporate value chains (scope 3 emissions), Optera is enabling decarbonization across the global economy. And when companies can manage emissions, energy, water, and waste across their operations, products, and supply chain in accordance with climate science, they can address climate change.
Q & A with Optera
- What motivated you to found your company?
The founders of Optera have all dedicated their careers to sustainability and combating climate change. It became evident when the Paris Agreement was signed in 2015 that the world needed to move incredibly fast to limit the worst effects of climate change. At the time, we had a boutique consulting practice supporting sustainability efforts for Fortune 500 companies. We realized that consulting alone would not address the problem quickly enough to make a meaningful impact. We began building a software solution to enable corporate action at scale and released our first version in 2018. Since then, we have had the opportunity to scale our solution across the globe.
- Why did you choose to partner with Valo?
Decarbonization is not simple, and it takes dedication and foresight to understand the solutions needed. The Valo team is knowledgeable and focused on the transition to a sustainable economy. We value having an informed and committed partner that understands how our product and industry fit into the bigger picture. Any mission-driven company should seek investors as passionate about their cause as they are. We are fortunate to have found that with Valo.
