KarbonWise, a startup in the sustainability sector, announces its launch as an innovative technology platform to accelerate India’s Net Zero journey ahead of 2070. Founded in June 2023 by Arjun Vijayaragavan, KarbonWise focuses on providing practical, data-driven insights as enterprises’ trusted ‘Co-pilot’ on the journey towards Net Zero.
Responding to the global need for climate action, KarbonWise offers streamlined technology-led solutions covering measurement, strategy development, carbon reduction planning, and simplified reporting, compliant with ESG standards, global as well as country-specific, such as the BRSR report required by SEBI. Committed to addressing sustainability challenges across various industries like construction, pharmaceuticals, financial services, and others, KarbonWise aims to empower enterprises, with the right tools and capabilities to reduce their carbon footprint.
“Made in India but designed for the Globe,” KarbonWise stands as a testament to global sustainability. Arjun Vijayaragavan, Founder and CEO of KarbonWise, emphasizes, “Sustainability is not merely an option; it’s an imperative for long-term business success. At KarbonWise, our vision is clear – to bring together the best in technology and climate science to help enterprises achieve Net Zero ahead of time. Having worked with over 70 enterprises in the last decade, we understand their specific pain points and constraints. KarbonWise has been built to convert these constraints to opportunities.”
The momentum behind KarbonWise is apparent, having rapidly gained traction since its launch. Operating in key markets such as India, the UK, and the Middle East, they have already partnered with over 10 clients, and have secured a healthy pipeline for the coming months. While their platform at the moment is sector agnostic, the company’s strategy is to gradually build out industry-specific products, starting with Construction and Pharmaceuticals.
KarbonWise is particularly bullish about its Construction offering, with tailored life cycle analysis and carbon analytics for real-estate portfolios. Recent data from the Global Alliance for Buildings and Construction reveals that the construction industry alone contributes to a significant 23% of total energy-related CO2 emissions globally. Additionally, according to the World Bank, construction and demolition waste makes up a staggering 40% of the total solid waste generated worldwide.
With 2023 being the warmest year on record, the urgency to address climate change has never been greater. KarbonWise recognizes that it can play a critical role in accelerating India’s journey towards Net Zero and mitigating the impacts of climate change. By leveraging innovative technology and deep industry expertise, KarbonWise aims to drive tangible results, working towards a 50% reduction in emissions by the end of the decade to meet the 1.5 degrees Celsius warming limit set at the Paris COP26.
