Traace provides a platform for carbon and ESG management that enables companies to measure their carbon footprint across scopes 1, 2, and 3, while facilitating the collection and reporting of ESG data. By modeling decarbonization trajectories and action plans, Traace helps organizations effectively track their progress towards sustainability goals and regulatory compliance.
Funding
$2.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many companies struggle to accurately measure and manage their carbon footprint across all scopes (1, 2, and 3), hindering their ability to meet ESG objectives and comply with evolving climate regulations. Collecting and reporting ESG data can be complex and time-consuming, making it difficult to track progress towards sustainability goals and identify effective decarbonization strategies.
Solution
Traace offers a carbon and ESG management platform that enables companies to measure their environmental footprint, collect ESG data, and model decarbonization trajectories. The platform facilitates collaborative data collection across all scopes, providing accurate carbon accounting and a granular view of decarbonization progress. Users can model concrete actions with tracked KPIs, simulate decarbonization scenarios, and financially plan their climate initiatives. Traace helps organizations engage employees and suppliers, track action plan progress, and identify high-impact decarbonization opportunities.
Target Audience
Traace targets companies seeking to reduce their environmental footprint, achieve ESG objectives, and accelerate their transition to a sustainable business model, including those in production, healthcare, hospitality, and other industries.
Features
- Carbon footprint measurement across scopes 1, 2, and 3
- ESG data collection and reporting
- Modeling of decarbonization trajectories and action plans
- Multi-source and multi-format data collection (automatic or manual)
- Access to continuously updated emission factor databases
- Automated calculation of uncertainty for each data point
- Financial impact modeling of decarbonization actions
- Task assignment and progress monitoring for collaborators and partners
- Integration with organizational tree for relevant carbon management