StepChange: Empowering the Transition to a Net Zero Future
This iconic cartoon by Tom Toro was published in the New Yorker on Nov 25th 2012, more than a decade ago. Since then, this ominous graphic has become an exquisite summation of the opposing forces of the climate change movement.
Today, this movement is at a critical juncture, requiring action from individuals and corporations alike. While many want to reduce their environmental impact, measuring and tracking this remains an immense challenge.
StepChange presents a solution.
By building a sustainability platform, StepChange allows users to understand, track, and reduce their carbon footprint. They are building a climate decision-making software and tools to help large financial institutions in India transition to NetZero. It is a powerful and comprehensive suite of software tools for corporate net-zero management and ESG measurement, reporting and benchmarking.
The company’s mission is to empower companies with science-based to become more sustainable. This includes environmental accounting, target-setting, reduction analysis, offsetting and cost-benefit risk analysis.
It is a SaaS-based climate sustainability solution that enables large financial institutions to set-up and accelerate their climate goals. Their product solves for:
Environmental Impact and Sustainability Reporting (including complete BRSR for large listed companies)
NetZero Transition: End-to-end solutions for scope 1,2 and 3 emissions measurement, reduction, and tracking.
Management of Climate Risk: Calculate portfolio emissions and analyse Corporate customers for lending decisions
StepChange's scientific rigor underpins its impact. The founding team of Ankit and Sidhant brings unparalleled climate expertise. They are implementing best-in-class frameworks to provide validated sustainability insights. Deep data analysis provides corporates with actionable insights to target high-impact interventions. StepChange also aids compliance, seamlessly generating BRSR and global ESG disclosures.
Beyond measurement, StepChange analyzes emissions reduction potential across the value chain. Scenario modeling quantifies the impact of renewable energy procurement, EV fleets, sustainable supply chains, and other initiatives. It enables enterprises to demonstrate ESG leadership with speed and accuracy.
StepChange's powerfully simple solution has already driven ESG visibility at a major bank, helping them setup a NetZero target and start monthly emissions tracking. Since the implementation, the bank has seen a 25% change in scope 2 emissions due to improved accuracy.
We, at Bharat Founders Fund are thrilled to back StepChange's exceptional team in tackling one of the most pressing issues of our time.
