17 Jul Reducing Corporate Carbon Footprint – gecco2 Case Study
Reduce Corporate Carbon Footprint and turn it into the Ecological Footprint
Discover how we developed the Corporate Carbon Footprint (CCF) Calculator to help small and medium-sized enterprises track their environmental impact.
clients
industry
Economic change challenges us all – with gecco2 we help our corporate customers to quickly determine their carbon footprint.
Andrè Gubitz
Customer Advisor at Volksbank Hohenlohe eG
Project Overview
At ILI.DIGITAL, we have partnered with Volksbank Digital Solutions to encourage companies to track their environmental impact and increase awareness about sustainability topics.
During our groundbreaking CCF Study to maximize companies’ ROI, which combines consumer surveys with CO2 emissions analysis of DAX companies, we discovered the urgent need to provide an effective solution.
Most importantly, under the Climate Action Programme 2030 and the new Climate Action Act (Klimaschutzgesetz), the German government has committed to reducing greenhouse gas emissions. As part of this effort, SMEs must provide their carbon footprint (CCF) data to participate in various value chains.
Project Goals
Developing a solution for SMEs to calculate their carbon footprint, eliminating the time-consuming and resource-intensive commitment for companies.
Help SMEs (small medium enterprises) to track their CCF
Streamline the CCF calculation process
Benchmark CO2 emissions across German companies
Identify progresses towards sustainability compliance
Our Approach
Using agile development and design thinking, we conducted an extensive market research to define the main features of the platform, aiming to simplify the companies CO2 emissions process.
Identifying opportunities and creating a portfolio
Helping to define a value proposition together with the client
Creating tangible prototypes
Creating tangible prototypes
Our magic formula 3-6-12-24-48 is fully customizable and serves as the baseline of all projects we take in. Our approach is simple but effective.
Our Solution
By using gecco2, companies can now provide the necessary CCF data, reduce their environmental impact, and contribute to a more sustainable future.
With our highly skilled team of developers and UX designers, we created a digital platform to streamline the carbon footprint (CCF) calculation process. This platform enables the quick and easy upload of financial statements (BWA), which are then analyzed through machine learning.
technology
Cloud web platform
OCR (Optical Character Recognition)
a technique of reading textual information directly from digital and/or scanned documents
We partnered with VDS to create gecco2, a solution that calculates and reports corporate carbon footprint generated via AI technology, and encouraging German companies to be more sustainable.
Dr. Serhan Ili
CEO at ILI.DIGITAL
Artificial Intelligence (AI) plays a huge part in the functionality of the smart CO2 calculator by ensuring a better customer experience with low effort through the use of smart algorithms.
It reads relevant data, applies algorithms and establishes calculation models to convert economic data into ecological data—the corporate carbon footprint (CCF) via the OCR technique.
Our data science team experts worked heavily to create this system to ensure the perfect automated way of calculating CO2 emissions.
Core features
gecco2 web platform helps insurance companies address a critical pain point for their SME clients by providing the following features:
The CO2 calculator allows companies to quickly and easily calculate their carbon footprint and monitor their usage.
The gecco2 platform also enables companies to compare their emissions with other businesses, encouraging them to reduce their carbon footprint.
Developed in partnership with the Swiss Climate Protection Foundation myclimate, our AI-based calculation logic determines CO2 equivalents and automatically generates CO2 certificates.
The CO2 calculator is accredited by TÜV and PCI, ensuring its reliability and accuracy.
Our talented data science team designed the platform to gather and monitor emissions data, allowing companies to identify trends in their carbon footprint and develop strategies to reduce it.
This feature provides valuable insights and
helps businesses stay on track with their sustainability goals.
The gecco2 platform is seamless, responsive, accurate, and easy to use. It simplifies the carbon footprint calculation process, helping SMEs comply with regulations and enhance their sustainability efforts.
Sustainable Success: The Critical Role of Corporate Carbon Footprint in ROI
In October 2023, ILI.DIGITAL experts published a study to demonstrate how the ROI of a company is impacted by the corporate carbon footprint, and propose a guidance on how digitalization can reduce the greenhouse gas emission.
Impact
Our user-friendly CCF calculator platform is making a significant impact by enabling hundreds of SMEs to calculate their CO2 footprints across Scope 1, Scope 2, and Scope 3 emissions, following the Greenhouse Gas (GHG) Protocol standards.
This detailed breakdown helps companies pinpoint where the highest CO2 emissions occur within their value chain.
Using gecco2 simplifies the entire process of tracking carbon footprints, providing the necessary statements to obtain financial benefits, such as subvention loans.
The intuitive interface promotes proactive sustainability efforts, encouraging users to take accountability for their CO2 emissions. The platform’s efficiency, characterized by extremely short upload times and a smooth user experience, ensures that more businesses are motivated to use it.
Gecco2 scores points with banks and their customers by allowing companies to quickly and accurately determine their carbon footprint using financial data from their business management analysis (BWA) and balance lists.
benefits
Utilizing the Gecco2 platform provides numerous benefits for corporates that can be summarized in the following four points:
Improve ROI
By accurately calculating your carbon footprint, you can enhance resource management and efficiency
Regulatory Compliance
Ensure compliance with regulations like the EU’s CSRD, helping you avoid fines and legal issues.
Enhanced Brand Value
Demonstrating a commitment to sustainability boosts your brand’s reputation among customers and stakeholders.
Reduced Operational Costs
Identify areas where emissions and resource use can be minimized, leading to cost savings.
As highlighted in our CCF study, these benefits collectively support a more sustainable and profitable business.
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Measuring a company’s carbon footprint is essential for understanding its environmental impact.
This knowledge allows companies to identify areas where they can reduce emissions, improve sustainability, and comply with regulations. It also helps in building a positive brand image and meeting customer expectations for environmental responsibility.
By measuring their carbon footprint, companies can uncover opportunities to reduce energy consumption and waste, leading to cost savings.
Additionally, having accurate carbon footprint data can make companies eligible for subsidies, tax incentives, and favorable loan terms aimed at promoting sustainable practices.
Governments and regulatory bodies are increasingly requiring businesses to report their carbon emissions.
In Germany, regulations such as the Climate Action Programme 2030 and the Climate Action Act (Klimaschutzgesetz) mandate significant reductions in greenhouse gas emissions.
The EU’s Corporate Sustainability Reporting Directive (CSRD) requires many companies to include sustainability reports within their annual reports starting in 2025. By measuring your carbon footprint, you can ensure compliance with these and other regulations, avoiding potential fines and legal issues.
The Gecco2 platform offers a comprehensive solution for calculating and managing your company’s carbon footprint in Germany.
It features an AI-powered CO2 calculator that quickly and accurately assesses your carbon emissions across Scope 1, Scope 2, and Scope 3 categories. The platform also provides trends and analysis tools to monitor your carbon footprint over time, helping you identify areas for improvement.
Additionally, Gecco2 facilitates compliance with regulatory requirements, such as the CSRD, and has been certified by TÜV Rheinland, ensuring its reliability and accuracy.
Measuring the carbon footprint is a critical first step in a company’s sustainability journey. It provides a baseline from which to set reduction targets and track progress.
This process not only helps in reducing environmental impact but also enhances operational efficiency, meets stakeholder expectations, and builds resilience against environmental risks.
Read more about the role of AI in corporate sustainability on our blog >
