Bend
About Bend
Bend enhances spend data accuracy by providing precise emissions estimates for scope 3 goods and services, utilizing a robust matching system that aligns supplier and line-item data with vetted emissions factors. This enables companies to generate compliant, audit-ready GHG emission calculations and identify high-impact decarbonization opportunities.
```xml <problem> Many companies struggle to accurately measure and report their Scope 3 emissions due to the complexity of supply chains and the difficulty in obtaining precise emissions data for goods and services. This lack of accurate data hinders effective decarbonization efforts and compliance with evolving climate disclosure requirements. </problem> <solution> Bend provides a solution for enhancing spend data accuracy by offering precise emissions estimates for Scope 3 goods and services. Their system matches supplier and line-item data with vetted emissions factors, enabling companies to generate compliant and audit-ready GHG emission calculations. Bend's approach allows businesses to identify high-impact decarbonization opportunities within their supply chain. The platform leverages a combination of merchant-level data from GHG inventory disclosures, product-level matching against a category taxonomy, and category-level factors when more granular data is unavailable. Bend also offers activity-based calculators for emissions from airfare, shipping, cloud computing, and other activities. </solution> <features> - Matching of supplier and line-item data to vetted emissions factors for accurate Scope 3 calculations. - CO2e calculations aligned with industry standards, including source attribution and confidence scoring. - Merchant-level CO2e estimates derived from GHG inventory disclosures and decarbonization targets. - Product-level matching against a product category taxonomy with over 150,000 entries and Environmental Product Declarations (EPDs). - Category-level factors covering 500 industry classifications, broken out by year, currency, and location. - Activity-based calculators for airfare, shipping, vehicle mileage, cloud computing, utilities, and facilities. - Itemized receipt API (Beta) for capturing purchase data from retailers and 'level 3' card data. - SOC 2 certification, audit logs, granular permissions, and custom data retention policies for security and compliance. </features> <target_audience> Bend's primary customers are sustainability teams and companies seeking to improve the accuracy and transparency of their Scope 3 emissions reporting for compliance and decarbonization efforts, as well as financial software companies looking to embed climate intelligence into their platforms. </target_audience> ```
What does Bend do?
Bend enhances spend data accuracy by providing precise emissions estimates for scope 3 goods and services, utilizing a robust matching system that aligns supplier and line-item data with vetted emissions factors. This enables companies to generate compliant, audit-ready GHG emission calculations and identify high-impact decarbonization opportunities.
Where is Bend located?
Bend is based in East New York, United States.
When was Bend founded?
Bend was founded in 2022.
How much funding has Bend raised?
Bend has raised 2500000.
Who founded Bend?
Bend was founded by Ted Power.
- Ted Power - Co-Founder
- Location
- East New York, United States
- Founded
- 2022
- Funding
- 2500000
- Employees
- 12 employees