Startups are grappling with the cost of carbon footprinting
Pressure is mounting on startups to start measuring and managing their carbon footprints. While this may be great for the planet, doing a big audit of a company’s carbon footprint can be expensive and time consuming.
Climate consultants are often tight-lipped about how much their services cost, but it’s estimated that the average ‘life cycle assessment’ — considered the ‘gold standard’ method of measuring a company or products’ environmental footprint — can cost a whopping $10k per product or service.
Then there’s the time it takes — up to six months may be needed to pore over the data and figure out the greenhouse gas emissions a company is responsible for.
Once the dense report explaining these findings has been delivered, more consulting is needed to figure out what to actually do with it.
So what could be the solutions for the start-ups or the companies that want to get their footprint without spending months to collect and check the data ?
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