Celeste is a financial AI platform that quantifies corporate water risk and translates it into measurable financial exposure for sustainability, finance, and risk teams. The platform optimizes mitigation strategies by modeling investment ROI and identifying the most valuable resilience projects. It facilitates coordinated co-investment by connecting organizations with shared basin risks to scale impact and unlock catalytic capital.
Funding
Funding not disclosed
Founders
Product
Problem
Many companies lack clear visibility into water-related risks within their supply chains, hindering their ability to ensure supply stability and meet sustainability goals. Existing solutions are often siloed, focusing on hardware or individual assessments rather than fostering collective action and data-driven collaboration. This makes it difficult for businesses to proactively manage water risks and build resilient supply chains in the face of increasing climate-related disruptions.
Solution
Celeste offers a climate adaptation platform that connects companies with their suppliers to collaboratively assess and mitigate water risks throughout the supply chain. The platform facilitates data sharing, communication, and the establishment of collective water stewardship goals. By enhancing transparency and accountability, Celeste enables businesses to identify vulnerable suppliers, exchange water data, and co-invest in sustainable initiatives. This approach promotes proactive risk management, strengthens supplier relationships, and drives continuous improvement in water usage across the entire supply web.
Target Audience
Celeste primarily targets companies with complex supply chains, particularly those in water-intensive industries, that are seeking to enhance supply chain resilience and achieve their water stewardship goals.
Features
- Supplier network for direct communication and data exchange related to water usage and risks.
- Shareable profiles for utilities, meters, and financial information to enhance transparency.
- Collaborative goal-setting tools for establishing collective objectives and water reduction targets.
- Risk assessment features to identify key suppliers vulnerable to environmental challenges.
- Platform to facilitate co-investment in sustainable initiatives and risk mitigation measures.
- Monitoring and reporting tools to track progress towards water stewardship goals.