Trace provides carbon accounting as a service, combining intuitive software with sustainability experts to guide businesses toward Net Zero. The platform simplifies emissions data collection through accounting integrations and an AI engine, enabling clients to set targets and develop actionable decarbonisation strategies. It also offers tools for engaging staff and reporting verified climate progress to stakeholders using science-based methodologies.
Funding
$1.6M 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.
5PECECFounders
Product
Problem
Many businesses struggle to accurately track and analyze their carbon emissions across all scopes (1, 2, and 3), hindering their ability to identify emission hotspots and set effective decarbonization targets. This lack of comprehensive data also makes it difficult to comply with increasingly stringent sustainability reporting requirements and engage stakeholders in environmental responsibility initiatives.
Solution
Trace offers a carbon accounting platform that simplifies the collection, integration, and analysis of emissions data, enabling businesses to develop actionable decarbonization strategies. The platform uses accounting integrations and an AI emissions engine to automate data collection, identify emission hotspots across the value chain, and provide recommendations for setting reduction targets. Trace also facilitates internal engagement by educating employees about their carbon footprint and providing tools to communicate progress towards Net Zero goals to stakeholders, including investors, customers, and supply chain partners. Furthermore, Trace offers specialized services for accountants and advisors, enabling them to provide carbon accounting services to their clients through a dedicated partner portal and training programs.
Target Audience
Trace primarily targets businesses seeking to measure, manage, and reduce their carbon footprint, as well as accounting firms and advisors looking to expand their service offerings with carbon accounting capabilities.
Features
- Automated data collection through accounting software integrations and an AI-powered emissions engine
- Identification of emissions hotspots across Scope 1, 2, and 3
- Target setting and decarbonization planning tools based on data-driven insights
- Employee engagement features to build a culture of sustainability
- Reporting tools aligned with international standards for transparent communication of climate progress
- Partner portal and training programs for accountants and advisors to offer carbon accounting services
- Support for compliance with regulatory and supply chain sustainability reporting requirements