AllocNow offers a Product Sustainability Platform that automates lifecycle assessments using primary enterprise data, enabling chemical companies to accurately measure the environmental impact of their products. This technology addresses the challenge of manual modeling in sustainability reporting, facilitating faster and more reliable assessments to support corporate net-zero and circularity goals.
Funding
Funding not disclosed
Founders
Product
Problem
Chemical companies face challenges in accurately and efficiently measuring the environmental impact of their products due to reliance on manual modeling and complex tools for lifecycle assessments (LCA). This makes it difficult to achieve corporate net-zero and circularity goals, as well as comply with evolving sustainability reporting standards.
Solution
AllocNow offers a Product Sustainability Platform that automates lifecycle assessments (LCA) by leveraging primary enterprise data. The platform is designed to handle the complexities of chemical value chains and production networks, providing transparency on the environmental footprint of every product in a company's portfolio. By integrating directly with enterprise resource planning (ERP) systems, AllocNow enables fast and cost-effective calculation of product footprints at an industrial scale. The platform supports companies in their race to net-zero and circularity by providing the data needed to manage product environmental impacts at scale. The platform's methodology is norm compliant, aligning with ISO 14044/67 and the industry-specific PCF-Guideline of Together for Sustainability (TfS).
Target Audience
The primary customers are stock-listed chemical companies seeking to automate lifecycle assessments and drive their sustainability agendas.
Features
- Automates lifecycle assessments (LCA) using primary enterprise data
- Configurable software adapts to a customer's specific data landscape
- Scalable calculation of product footprints at industrial scale
- Designed to handle the complexity of chemical value chains and production networks
- Compliant with ISO 14044/67 and the PCF-Guideline of Together for Sustainability (TfS)
- Provides transparency on the environmental footprint of every product