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Here's how businesses can measure and reduce their carbon footprint

The number of companies with net-zero emissions targets has exploded recently. But historically, actually tracking emissions has been hard, largely due to a lack of mandatory reporting requirements and standardized metrics. Things are starting to change though, especially in Europe where reporting requirements are getting stricter. Now, there's a booming market for start-ups that are helping companies and individuals measure, reduce and offset their emissions.
12:06
Wed, Sep 15 20218:59 AM EDT

Toward the end of 2019, there were about 500 companies targeting net-zero emissions. Since then — as the effects of climate change have become more obvious — that number has ballooned to more than 1,500 and includes commitments from giants such as Apple, BP, Ford, Walmart and FedEx.

This has led to start-ups that promise to help corporations track, reduce and offset their emissions popping up everywhere. Companies like Berlin-based Plan A and Planetly are part of the booming carbon management systems market, which was valued at $10.9 billion in 2020. That market is projected to grow to $19.8 billion by 2026.

Individual action is on the rise too, as apps like Klima — which help individuals offset their own personal emissions — are also seeing rapid growth.

Watch the video to learn more.