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CarbonChain

CarbonChain

CarbonChain aims to automate the accounting of companies' carbon emissions.

Since 2019, CarbonChain by the Chief Executive Officer Adam Hearne aims to make supply chains green again. The company's products offer quantitative and actionable solutions to reduce greenhouse gas emissions in the supply chains of the world’s most polluting industries — oil & gas, mining, metals, minerals, and agriculture — responsible for 50% of global greenhouse gas emissions. CarbonChain's leadership team has deep expertise in commodities, supply chain management and data science, having worked for Amazon, Rio Tinto, Boston Consulting Group, UBS, and more. CarbonChain is a proud member of ResponsibleSteel and is supported by the UK government’s innovation arm, InnovateUK, the NatWest accelerator, and the London Business School Incubator.

Products
Commodities producers

The climate emergency is set to fundamentally transform the global commodities market. CarbonChain prepares organizations to withstand the coming climate shock by quantifying the carbon footprint of its upstream and downstream counterparties to identify supply chains most at risk as the price of carbon rises. Their team of experts integrate CarbonChain into the workflow with little to no overhead and help unlock immediate sustainability-linked opportunities such as access to green finance and sustainability leadership recognition. The company operates one or more assets. The company helps identify up to three supply chains at immediate risk within one's business and generate a sample of complimentary reports.

Commodities traders

CarbonChain helps unlock discounted interest rates from financial institutions, fulfillment of ESG requirements, and sustainability leadership recognition. At first, the company gives off a free supply chain risk assessment, where they help identify supply chains at immediate risk within a trading portfolio and generate a sample of corresponding reports.

For logistics companies

CarbonChain helps identify areas at immediate risk within one's logistics operations and generate a sample of corresponding reports.

For financial institutions

CarbonChain helps identify transactions at immediate risk within a trading finance portfolio and generate a sample of corresponding reports.

Timeline

August 25, 2020
CarbonChain raises a $125,000 seed round from Pioneer Fund and Y Combinator.
September 11, 2017
CarbonChain was founded by Adam Hearne, Jeremiah Smith, Roheet Shah and Yury Oparin.

Funding rounds

People

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Role
LinkedIn

Carbon Chain

Founder

Kaustav Mitra

Employee

Roheet Shah

Founder

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News

Title
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Date
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Description
Natasha Mascarenhas
August 25, 2020
TechCrunch
Figma for filmmakers, TikTok for English learners and a cryptocurrency twist that actually makes sense? After 197 pitches, Y Combinator's Demo Day for its Summer 2020 cohort has concluded. While the fanfare, run-ins and fortune cookies were missing in this virtual session, it was still exciting to see and hear founders from 26 countries pitch [...]
Jonathan Shieber
August 21, 2020
TechCrunch
It was the Australian bush fire that finally did it. For twelve years Adam Hearne had worked at companies which represented some of the world's largest sources of greenhouse gas emissions. First at Rio Tinto, one of the largest industrial miners, and then at Amazon, where he handled inbound delivery operations across the EU, Hearne [...]

References

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