Nectar is a climate intelligence platform that utilizes data analytics, machine learning, and AI to automatically collect and analyze utility data from over 7,000 global providers. It addresses the challenges of data accuracy and completeness in sustainability reporting by providing auditable insights for energy, water, and waste usage, streamlining workflows for ESG teams.
Funding
$500K 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 organizations struggle with the time-consuming and error-prone process of manually collecting and analyzing utility data from various providers for sustainability reporting. Incomplete or inaccurate data hinders effective environmental, social, and governance (ESG) tracking and carbon accounting.
Solution
Nectar offers a climate intelligence platform that automates the collection and analysis of utility data from over 7,000 global providers. The platform leverages data analytics, machine learning, and AI to provide auditable insights into energy, water, and waste usage. By streamlining workflows for ESG teams, Nectar ensures data accuracy and completeness, enabling organizations to monitor their environmental impact effectively and generate reliable sustainability reports. The platform integrates with existing ESG and carbon accounting platforms, facilitating seamless data export and analysis.
Target Audience
Nectar is designed for sustainability and energy management teams at large enterprises across industries such as manufacturing, food and beverage, real estate, telecom, and technology, as well as carbon accounting partners.
Features
- Automated data collection from over 7,000 global utility providers, supporting multiple languages.
- Auditable data trail with a fully auditable edit history for transparency and compliance.
- Integration with existing sustainability and ESG platforms for seamless data transfer.
- Identification of missing data with one-click gap-filling functionality.
- Extensive analytics dashboard for visualizing usage and cost data in one centralized location.
- Secure platform with SOC II Compliance and Microsoft Entra ID SSO.
- API access for carbon accounting partners to connect to client utility accounts.