Xain provides a platform that calculates and certifies the CO2 emissions of any manufactured element using available documentation, images, or manuals, without relying on supplier data. This solution addresses the challenge of complying with EU regulations on Scope 3 emissions reporting by delivering accurate estimates based on established methodologies, verified by industry professionals.
Funding
$260K 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 calculate and report Scope 3 CO2 emissions, as required by regulations like the EU's CSRD, due to reliance on supplier-provided data and the complexity of tracing emissions across the entire supply chain. Gathering accurate data from all suppliers can be challenging and time-consuming, potentially requiring significant personnel resources. Existing methods may lack the granularity needed to identify specific emission hotspots within purchased goods and services.
Solution
Xain offers a platform that estimates and certifies the CO2 emissions of manufactured goods using readily available documentation such as plans, images, or manuals, eliminating the need to depend on supplier-provided data. The platform leverages a calculation methodology built on the GHG Protocol, with each measurement certified by industry professionals. By inputting product documentation into the platform, users receive a CO2 emission estimate, which can be used as a complement to real-world data. The tool is designed to provide a conservative estimate, ensuring that any error is always on the higher side.
Target Audience
The primary target audience includes companies, particularly those subject to the EU's CSRD, that need to report Scope 3 emissions, as well as organizations seeking to measure and offset their carbon footprint or offer zero-emission products.
Features
- CO2 emission estimation based on product documentation (plans, images, manuals)
- Calculation methodology aligned with the GHG Protocol
- Certification of measurements by industry professionals
- Error margin is biased towards overestimation
- Serves various sectors including automotive, railway, textile, energy, retail, hospital/biomedical, and civil engineering/construction
- Option to compensate emissions with verified carbon credits