Transforming Corporate Sustainability: The Future of Decarbonization

The most recent report of the United Nations Intergovernmental Panel on Climate Change (IPCC) was conclusive: "Climate change is already affecting all regions of the Earth in multiple ways. Any increase in warming will exacerbate the changes we are experiencing."

Testimony to this, according to data from the World Meteorological Organization (WMO), extreme weather, climate, and hydrological events caused 11,778 disasters between 1970 and 2021, with more than 2 million deaths and $4.3 trillion in economic losses.

In a world increasingly aware of environmental challenges, and with evidence that decarbonization has become a global imperative in the fight against climate change, the search for sustainable solutions has become a priority in which the business world has an important role to play in developing innovative strategies to achieve sustainability. The European Union proposes to reach 40% of energy production from renewable sources by 2030.

Only some countries have started to do something about it. In Mexico, two years ago, a passionate and visionary young entrepreneur, Nicolás Bodek, created a company with which he developed software to calculate the environmental impact, designed for companies seeking decarbonization services given the need for some of them to report their carbon footprint to their respective governments, especially in LATAM.

Convinced that using clean and renewable technologies is fundamental to addressing today's environmental challenges, this entrepreneur emphasizes the importance of renewable energy and the electrification of industrial processes as key tools to reduce carbon emissions.

But he equally recognizes the challenges associated with battery waste management, which, while they can help reduce air pollution, also hurt the earth's environment. So, he highlights the need to develop solutions in this area, such as more sustainable batteries and energy storage alternatives such as green hydrogen and energy stored in materials such as cement and sand. "I think there are other methodologies to create worthwhile batteries that don't have such a serious impact on aquifers," says Bodek.

Since its inception, its team has worked tirelessly to develop innovative tools and strategies that allow companies to measure, reduce, and mitigate their environmental impact. Focused on technology and collaboration, they have generated a new business paradigm based on environmental and social responsibility, achieving a tangible effect on the fight against climate change.

How did he do it?

A key growth strategy of the company is to establish alliances with large corporations to drive the adoption of sustainable practices in their supply chains.

On the one hand, at a business strategy level, it created a Network Effect within the supply chains by executing pilot programs with these companies and through a survey called "Sky Survey," where suppliers report their carbon footprint and decarbonization goals so that each participating company understands the level of environmental maturity of its suppliers to make informed decisions. This strategy has a positive impact on customer acquisition and platform expansion.

As for the company's financing and growth, it plans to raise capital in late 2024 or early 2025 to accelerate its growth and expand its presence in new markets. It has designed a multi-month roadway focused on reaching the decarbonization chain with active pilots.

Part of its success has been understanding the composition of the carbon footprint globally. "Seventy-three percent of the carbon footprint comes from the energy sector, and we need to move towards a more sustainable energy mix," says Nicolás, who does not fail to emphasize the importance of innovation in sectors that are difficult to decarbonize.

Looking to the future means recognizing the importance of decarbonization in transforming the industry and mitigating climate change. In this sense, innovation is needed in sectors that are difficult to decarbonize, such as steel and cement production. This necessarily involves investing in emerging technologies and collaborating in global initiatives to accelerate the transition to a low-carbon economy.

The inspiring vision of a venture like Bodek's, which focuses on innovation, collaboration, and positive impact, is an example of how companies can lead the way toward environmental sustainability. Her vision demonstrates that it is possible to strike a balance between business success and environmental responsibility.

His optimistic outlook and innovative ideas should inspire us to work together to build a cleaner, greener future for generations to come by committing to concrete actions to protect our planet.