Scope Zero provides an all-in-one platform that integrates financial wellness with corporate sustainability goals through the Carbon Savings Account (CSA). This benefit allows employees to use employer-funded accounts for efficiency upgrades in home technology and personal transportation. The platform tracks and reduces Scope 3 emissions while delivering tangible financial savings for the workforce.
Funding
Funding not disclosed
Founders
Product
Problem
Many companies struggle to accurately measure and reduce their Scope 3 emissions, particularly those related to employee commuting and work-from-home energy consumption (Category 7). Traditional employee benefit programs often fail to address both financial wellness and environmental sustainability in an integrated manner. Employees often lack the resources and incentives to invest in energy-efficient home upgrades and transportation options.
Solution
Scope Zero offers the Carbon Savings Account (CSA), a financial wellness benefit that enables employees to invest in energy-efficient home upgrades and personal transportation, reducing their utility bills and fuel expenses. The CSA functions similarly to a Health Savings Account (HSA), but funds are specifically allocated for eco-friendly upgrades. Employers can match employee contributions, incentivizing participation and maximizing impact. The platform also provides employers with tools to measure, track, and report Scope 3 emissions related to employee commuting and remote work, facilitating progress toward corporate sustainability goals. Scope Zero integrates with existing HR and carbon accounting systems, streamlining data collection and reporting.
Target Audience
Scope Zero targets employers seeking to enhance their employee benefits packages, achieve corporate sustainability goals, and accurately measure and reduce their Scope 3 emissions, as well as HR, ESG, and CSR professionals.
Features
- Employee contribution accounts for pre-tax savings on eligible green upgrades
- Employer matching contributions to incentivize employee participation
- Curated marketplace of CSA-eligible products and local vendors
- Automated tracking and reporting of Scope 3 Category 7 emissions
- Integration with HRIS and carbon accounting platforms for streamlined data management
- Personalized upgrade recommendations based on employee location, budget, and goals
- Incentive portal to identify and claim available rebates and tax credits for sustainable upgrades
- Mobile app for employees to manage their accounts, track savings, and discover new upgrade options