Energy Efficiency, GHG Emissions - March 22, 2022
EY Collaborates with Carbon13 on Start-ups Reducing Emissions
EY announced it has invested in Carbon13, a venture-building program that supports entrepreneurs in creating new businesses that focus on the reduction of CO2e emissions.
Carbon13’s core goal is “to create scalable ventures with the combined potential to reduce CO2e emissions by 400 million tons or % of global emissions.” Carbon 13 was created to help 1,000 entrepreneurs build 200 start-ups, each of which has the potential to reduce emissions by at least
10 million tons annually.
Each cohort of the program lasts eight months: the first program started in March 2021, which is now complete, with the second now ongoing. EY worked with the first two cohorts and has also committed to collaborating with the next three venture builder programs over the next two years, with applications for Cohort 3 currently open.
As part of the collaboration, EY will share knowledge, insights, and advice to help the start-ups to overcome common challenges faced by early-stage businesses.
EY is also operating speaker events and workshops where members of the EY sustainability team share EY’s expertise across the climate change and sustainability field to help shape and refine the start-ups’ value propositions and is supporting the entrepreneurs as they pitch their initial concepts, offering feedback and advice to help strengthen their ideas.
This announcement comes on the back of the recent launch of EY Carbon in the UK. EY Carbon’s remit is to advise and support listed businesses as they prepare their net zero plans ahead of the 2023 deadline set by the Chancellor during COP26.
"We are really excited about our collaboration with Carbon13,” Kim Paykel, EY Associate Partner, and UK Sustainability Innovation leader and head of EY wavespace™ UK said in a statement. “As well as being an opportunity for us to support the next generation of climate entrepreneurs, we can also learn so much from their ideas, and new ways of looking at a problem. Collaborating across ecosystems is essential in the fight against such a complex and systemic challenge like climate change.”
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