On 10th May, 2021, Carbonstop, China’s first carbon emissions management software and consulting solutions provider, announced it had raised 50 million RMB Series A funding from Hillhouse Capital and Matrix Partners China, marking the latest move by the two leading institutions to increase their stake in “carbon neutralization” infrastructure. Founded in March, 2011, Carbonstop’s offering include customized carbon management software and SaaS services, carbon accounting and consulting, and a consumer-facing carbon account platform. It has serviced more than 1,000 clients over the past decade, including Alibaba, Baidu, JD.com, Vanke, Microsoft, CNOOC, among others. This round of financing will be used to enhance its SaaS offerings and the standardization and intelligentization of its carbon management products. A Trillion Dollar Market Ready to Take Off In September, 2020, at the 75th session of the UN General Assembly, China pledged to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. Over this year’s National People’s Congress and the Chinese People's Political Consultative Conference sessions, “carbon peak” and “carbon neutrality” were for the first time included in the Chinese government work report as one of the priorities for 2021. As early as 2013, China already launched some local carbon trading pilot projects as a main means towards carbon neutrality. It is expected that a national carbon trading market will be in place in June, 2021, with 2200+ power companies being the first batch to trade in the market and over ten thousand firms will be involved in carbon trading later on. Globally, over 200 international companies and institutions have already put forward their carbon neutrality goals and hundreds of thousands of suppliers and sustainable innovative firms are conducting or forced to conduct carbon management and carbon information disclosure. According to the Institute of Climate Change and Sustainable Development of Tsinghua University, China will have to invest 3.7 trillion RMB annually in the next three decades to make itself carbon neutral and in the next 5 years, hundreds of thousands of companies will undertake carbon management and cut carbon emissions. On the other hand, China’s sustainable consumer market is booming. According to the Survey on Green Consumption of the Chinese Consumers Report (2019) issued by the Association for Research and Promotion of Eco-civilization, 83.34% of the respondents support green consumption and 46.75% said they ‘support it very much’. Luke Li, Partner at Hillhouse Capital said: “The global economy is set to shift from a high carbon emission model to a low or even zero emission model. Leading companies have already set up targets for carbon disclosure, management and neutrality. The carbon management industry is in urgent need of solutions that are more digital and intelligent. Meanwhile, as sustainable consumption gathers momentum, disclosure of product carbon footprint has become even more important.” The “Carbon Manager” behind Giants - A Decade of Commitment After graduating from Oxford University, Luhui Yan joined a leading UK carbon consulting firm before returning to China to start his own business. “A decade ago, there was barely any company in China working on carbon management, let alone carbon neutrality. But I believed that the world would in one day wake up to the challenge of climate change and soon companies would start to pay attention to carbon emissions,” said Yan, Founder and CEO of Carbonstop, “It was like sailing uncharted waters 10 years ago, but now I can see all of my forecasts are becoming a reality.” “Without quantifying, (carbon) management is impossible. Only by measuring carbon emissions in numbers can companies and organizations know where they need improve. With decade-long experience in carbon management, plus China’s largest carbon emissions factor database, what Carbonstop provides is the most fundamental and important carbon data accounting services.” Currently, Carbonstop offers carbon emissions management software, carbon management consulting and a carbon account platform, among others. The carbon management software helps organizations measure, analyze, manage and report their carbon emissions. Clients can choose customized software or the SaaS platform. Currently the clients include government entities, emissions control organizations, carbon exchanges and carbon assets management firms, etc. (Click here for more information about the software). To reduce carbon emissions, organizations first need to measure the emissions, a process that will provides data support for their carbon strategies and execution. Carbonstop’s consultancy services include carbon accounting, products’ carbon footprint, emissions reduction accounting, carbon disclosure and carbon management training, etc. It has also created the CREO (i.e. calculating, reducing, engaging and offsetting) strategy towards carbon neutrality (Click here for more information), helping companies like Baidu and Hillhouse Capital with their carbon-neutral endeavor. The carbon account credits individuals’ low-carbon behaviors (for instance: one day without driving) into their carbon account as a reference for incentives in the future. For example, Carbonstop is a partner of and major low-carbon scenario developer for Ant Forest, helping it incentivize 550 million users to participate in low-carbon activities and plant more than 220 million trees. Since its inception, Carbonstop has helped a number of leading Chinese companies with their green and sustainable development, servicing over 1000 clients, including 50 Fortune 500 companies and leading institutions, such as Alibaba, Baidu, JD.com, Vanke, Starbucks, Microsoft, Hillhouse Capital, Asia Green Fund, UNEP, the National Development and Reform Commission of China, The Ministry of Ecology and Environment of China, Energy Foundation China, World Wildlife Fund and Natural Resources Defense Council. A One-stop Carbon Management Platform - Ccloud In addition to customized services, Carbonstop has also developed a number of standardized products such as the Carbon Intelligence and Ccloud. The Carbon Intelligence is a not-for-profit mini program supported by an emissions information database whereby individuals and companies can conveniently search for carbon information. An important component of Carbon Intelligence, the Carbon Emissions Factor Database is a cornerstone not only of the product but also the entire carbon management industry. All products and behaviors generate carbon emissions, known as the Carbon Emission Factor. A simple equation to calculate carbon emissions is Carbon Emissions =Activity data*the Carbon Emission Factor. Over the past 9 years, Carbonstop has been accumulating carbon emission factors data from more than 200 countries. With over 100,000 data entries, its database is now the largest in China and becoming the infrastructure for carbon emissions management. (Carbon Emission Factor Database) (Scan the QR code to try Carbon Intelligence) Embracing the trend of carbon neutrality to help Chinese companies better manage their carbon emissions, Carbonstop distilled best practices from its experience of serving thousands of clients and developed China’s first SaaS platform for carbon management - Ccloud. Ccloud is a corporate-facing carbon footprint assessment software that was developed following life cycle assessment principles and is compliant with ISO 14067 and PAS 2050 standards. It covers all industries and includes its 100,000 plus emission factors for clients to use. In addition to products’ carbon footprint accounting, Ccloud also plans to add more features such as corporate carbon emissions accounting, scenario-based carbon reduction accounting, conference carbon emission accounting, carbon disclosure and carbon neutrality to make itself a one-stop-shop platform for emissions management and carbon neutrality for Chinese companies. Lingye Zuo, Partner at Matrix Partners China commented: “Carbonstop has been committed to carbon emissions accounting and management for a decade. It has accumulated rich experience and developed a complete emission factors database. It has also achieved standardization of carbon management software. Its founder, Luhui Yan, is one of the earliest in China to engage in carbon emissions management. He has been a steadfast practitioner with a good reputation in the industry. We look forward to Carbonstop coming up with more carbon management software services to contribute to China’s carbon neutrality goal.” The Decade Ahead: Enabling China’s carbon neutrality transition As of 2020, Carbonstop had helped its clients reduce more than 100 million tons of emissions, impacting over 800 million people indirectly via its products and services. Due to its outstanding contribution to the 12th and 13th UN Sustainable Development Goals, i.e. “sustainable consumption and production” and “climate action”, Carbonstop are recognized by the UNEP, Dubai World Expo, the SEE Foundation of China and the Energy Foundation China (Click here for more about Carbonstop’s awards). In the next 5 years, it will continue to contribute to China’s endeavor to cut emissions by over 1 billion tons. “The alignment between its tremendous positive impact on the environment and its business model makes Carbonstop a milestone investment opportunity that will make a real difference in the world.” said Yijing Wang, the exclusive finance advisor of this deal. “On the other hand, individual consumers are also pushing for companies’ low-carbon transformation,” said Yan, “10 years ago, people seldom paid attention to companies’ carbon reduction, but this is now mandatory. I believe that in 10 years, low carbon consumption is also the trend forward. We will be the bridge between products’ low-carbon transformation and the sustainable consumption market, and strive to provide carbon footprint information for every product.” “Apart from the funding itself, support from the two leading investment institutions Hillhouse Capital and Matrix Partners will make us more firm in our mission and remind us to remain committed to doing the right things even when the industry is in strong tail wind, to create long-term value for our clients and the society,” added Yan, “we will keep improving our core products to make ourselves the best partner for Chinese companies in their journey towards carbon neutrality.”
Recently, Baidu released the 2020 Low Carbon Development Report on its official website, and Carbonstop participated in and supported the preparation of the report. As the first carbon emission management software and consulting service provider in China, Carbonstop has been striving for the goal of "making every product have a carbon footprint" since its establishment. The Carbonstop was commissioned by Baidu to provide low-carbon consulting services and technical support for its special report on low-carbon development. The theme of Baidu's 2020 Low Carbon Development Report is "Sustainable Development with Green Water and Green Mountains", which highlights Baidu's efforts and contributions to low carbon development in 2020 from four aspects, namely: advocating green life, building a green heart, entering a green journey and looking into the future. In this report, Baidu introduced its efforts in green and intelligent travel. In April 2020, Baidu Apollo released the "ACE Traffic Engine", which integrates autonomous driving, vehicl-road coordination and efficient travel, and promotes the intelligent and low-carbon transformation of the whole transportation industry chain. The report introduces the carbon reduction efforts in IDC, baidu all self-built 2020 data center PUE average value is 1.14, most energy-efficient monomer data center PUE 1.08, both reached the same industry leading level in China, and baidu also developed multiple data center energy efficiency technology, and be included in advance technology for green data center published by ministry of industry.In the report, Baidu released the company's carbon emissions for 2019 and 2020, setting targets for scientific low-carbon action. Carbonstop is also very honored to cooperate with Baidu this time and participate in the writing of the report. In the future, we will continue to work together with Baidu to achieve China's goal of reaching carbon peak by 2030 and carbon neutral by 2060.
Recently, Mr. Yan Luhui, CEO and Founder of Carbonstop, was invited by the United Nations Global Compact Young SDG Innovators Program to share the topic of "Carbon Neutral and Corporate Carbon Management in China" online. The UN Global Compact Young SDG Innovators Program was launched in 2019 to help young leaders of UN Global Compact member companies learn how to use the Sustainable Development Goals (SDGs) and new technologies to develop new products, services and business models. To help participating companies improve communication, collaboration and innovation in cross-sector sustainability efforts, further transfer SDGs into social and economic values, and develop future leadership for sustainable development. Mr.Yan detailed analysis for everybody in the share of China's carbon neutral commitment as well as the recent various carbon neutral policy, and detailed explained the necessity of enterprise to go carbon neutral. Enterprises should start from six aspects 1. Obtain the support of the top leadership to establish a carbon management team 2. Conduct a comprehensive carbon inventory of the company 3. Tool support. Enterprises should have comprehensive carbon management software covering the group level 4. Plan and disclose the company's carbon reduction actions 5. Manage carbon asset 6. Disclose carbon emission timely Companies are the basic building blocks of social and economic activities, which constitute the absolute major source of carbon emissions. More and more companies, cities, and some countries have put forward their own carbon neutral target timetables. On January 25, 2021, President Xi jinping in the world economy forum "Davos agenda" said: "achieving 2030 carbon peak and 2060 carbon neutral, China need to be extremely arduous effort". At the end of the sharing, Mr.Yan introduced Carbonstop. Carbonstop is the first provider of carbon emission management software and consulting services in China, and has provided professional carbon management solutions for thousands of well-known enterprises. Carbonstop has always had a desire to connect people with the environment, and the way we do that is by making every product have its own carbon footprint. In the future, Carbonstop is willing to cooperate with more companies and organizations that share the same low-carbon dream and contribute their share to the early realization of China's carbon neutral goal.
It's an amazing tool, where every product in life has a carbon footprint. Unveil the carbon emission factor database with numbers: "1". Industry No.1: China's first carbon emission factor database Among the methods for calculating carbon footprint, the simplest and most accessible method is the IPCC method. After knowing the emission factor, the carbon emission can be directly calculated by using the formula "carbon emission = activity data x emission factor". However, due to the differences in production process, regional distribution and technical level, there are emission factor data of the whole network in addition to the emission factor data released by IPCC, and various countries and industries also have their own emission factor data to calculate carbon emissions. In order to let more industries and enterprises understand carbon emission and implement carbon emission reduction, carbon emission factor database emerged. "2". Wide coverage: The database covers more than 200 countries "3". Convenient retrieval: mass data are screened from three categories: year, country and industry Because there are so many different regions, versions and standards of data, when searching the same thing we may get a lot of different data. Under the Filter button, we can retrieve massive data from three categories of "year", "country" and "industry", so that the most appropriate data can be found at the fastest speed. "4". Unit details: key data are marked from four dimensions The units of key data will be labeled from different dimensions, such as CO2 equivalent, CO2, methane, and nitrous oxide, so that users can use them on demand. "5". Three-dimensional presentation: Data is presented in five levels Take the iPhone XR as an example, the data are presented in five levels: name (iPhone XR), remarks (64GB), data value (68), source (Apple official website (2019) -- product carbon footprint), unit (KGCO2E). "6". Widely praised: universities, research institutes, companies, government agencies, NGOs, environmental activists There are six types of people who consult the database of carbon emission factors, including researchers from universities and research institutes, practitioners of low-carbon environmental protection from companies and government agencies, NGOs and environmentalists. "7". The cornerstone of the company: the carbon emission factor database supports the carbon accounting projects of the seven major brands Alibaba Project Baidu Project Jingdong Project UN Starbucks Microsoft Project "8". Wide field: data covers 8 major industries The figures include eight major sectors for carbon trading: electricity power, aviation, building materials, steel, petrochemicals, chemicals, nonferrous metals, paper, and other services industries. "9". Rich data: more than 90,000 pieces of data Ccloud CCloud integrates nearly 100,000 pieces of emission factor data accumulated over nine years of Carbonstop. Users can clearly view and use the data in the database, including the corresponding source, year and other additional information, which is convenient and fast. Ccloud is a carbon footprint assessment software launched by Carbonstop.It follows the life cycle concept and is designed in accordance with international common standards such as ISO and PAS, and covers the whole industry. In addition to calculating the carbon footprint, the software also calculates how much carbon it can reduce under different conditions. According to the modularized operation, the user can calculate the carbon footprint or emission reduction of the product by selecting the stage, adding activity data and emission factors. Can query energy, raw materials, waste and other emission factors, and through the country, year and other information screening emission factor data. In addition, the user input destination and departure to query the transportation mileage; You can input product information, such as activity data, activity data sources, etc., to automatically generate the word version of the report compiled according to ISO standards. Carbon emission factor data and Ccloud have gained the favor of more and more enterprises, including a lot of outsiders, Carbonstop welcomes the industry inside and outside the relevant people come to consult the carbon emission factor database information. Scientific research institutions and public welfare organizations can enjoy free VIP service, enterprises welcome business consultation and cooperation negotiations. Contact: email@example.com
Recently, the Carbonstop team has upgraded the carbon management system, the new version of the carbon asset management system. In addition to the common carbon emission information management, data collection, data statistics, and report generation, this upgrade gives the concept of "carbon emissions" more connotation of "carbon assets", adds the management of enterprise CCER, and uses machine learning technology to forecast the carbon price. A richer form of data presentation can make corporate carbon management clearer. In the part of carbon assets management, the information of quota to be implemented, total quota, total CCER, total carbon assets, etc., will be presented successively and clearly. In addition, the carbon asset management system also provides customized services, which can customize the functions required by enterprises.