Watershed is an enterprise climate platform that enables companies to measure their carbon footprint, prepare sustainability disclosures, and implement emissions reduction strategies using audit-grade data and industry-specific methodologies. The platform addresses the need for accurate climate reporting and effective decarbonization efforts in compliance with global regulatory standards.
Funding
$210.1M 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 their carbon footprint across their value chain, making it difficult to develop effective strategies for emissions reduction and comply with increasingly stringent sustainability reporting requirements. Existing methods often rely on fragmented data sources and manual calculations, leading to inaccurate or incomplete assessments.
Solution
Watershed provides an enterprise climate platform that enables organizations to measure, report, and act on their carbon emissions with audit-grade data and industry-specific methodologies. The platform consolidates data from various sources to map a company's carbon footprint, including scope 1, 2, and 3 emissions. It facilitates the preparation of sustainability disclosures in compliance with global regulatory standards, such as CSRD. Furthermore, Watershed helps companies set emissions reduction targets, model different decarbonization scenarios, and track progress towards achieving real decarbonization.
Target Audience
The primary target audience includes large enterprises across various industries that are subject to mandatory climate disclosures or are committed to reducing their environmental impact. The platform also serves asset managers and financial institutions seeking to calculate emissions from their investment portfolios.
Features
- Automated carbon footprint measurement across scope 1, 2, and 3 emissions
- Integration with various data sources, including energy consumption, supply chain, and travel data
- Pre-built reporting templates for GRI, SASB, TCFD, and CSRD
- Scenario modeling tools to evaluate the impact of different emissions reduction strategies
- Carbon removal marketplace to offset remaining emissions
- Audit-grade data validation and verification processes
- Real-time dashboards to track progress against emissions reduction targets