{"id":3822,"date":"2024-09-05T19:51:35","date_gmt":"2024-09-05T19:51:35","guid":{"rendered":"https:\/\/sdgnews.com\/?p=3822"},"modified":"2024-09-05T19:51:46","modified_gmt":"2024-09-05T19:51:46","slug":"fedex-general-mills-and-walmart-tap-into-carbon-tech-how-watersheds-software-is-driving-sustainability","status":"publish","type":"post","link":"https:\/\/sdgnews.com\/ar\/fedex-general-mills-and-walmart-tap-into-carbon-tech-how-watersheds-software-is-driving-sustainability\/","title":{"rendered":"FedEx, General Mills, and Walmart Tap Into Carbon Tech: How Watershed&#8217;s Software is Driving Sustainability"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\" id=\"h-key-impact-points\">Key Impact Points<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Watershed&#8217;s Growth in Carbon Management:<\/strong> The $1.8 billion startup is making waves by helping corporations like FedEx, General Mills, and Walmart manage and track their carbon emissions.<\/li>\n\n\n\n<li><strong>Mandatory ESG Reporting Boosts Demand:<\/strong> The rise of mandatory ESG reporting, such as the EU&#8217;s Corporate Sustainability Reporting Directive (CSRD), is driving companies to adopt solutions like Watershed\u2019s.<\/li>\n\n\n\n<li><strong>Granular Scope 3 Emissions Data:<\/strong> Watershed is revolutionizing carbon tracking by providing granular data on supplier emissions, enabling companies to prioritize decarbonization efforts effectively.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-overview\">Overview<\/h3>\n\n\n\n<p>Watershed, a five-year-old carbon management software startup valued at <strong>$1.8 billion<\/strong>, is rapidly expanding its presence in the corporate world by partnering with companies like <strong>FedEx, General Mills, and Walmart<\/strong>. With the increasing need for credible carbon tracking solutions, Watershed has secured contracts with hundreds of companies, offering a unique capability to track and manage <strong>supply chain data<\/strong>.<\/p>\n\n\n\n<p>The company\u2019s goal is to help clients reduce a <strong>half-gigaton of greenhouse gas emissions by 2030<\/strong>, a mission that resonates strongly with businesses as they navigate the complexities of sustainability reporting and decarbonization.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-power-of-data-in-carbon-management\">The Power of Data in Carbon Management<\/h3>\n\n\n\n<p>Watershed\u2019s software currently tracks emissions equivalent to nearly <strong>2% of the world\u2019s carbon footprint<\/strong>, doubling its previous disclosure of emissions tracked. By offering this level of data transparency, Watershed is setting a high bar for carbon tracking in the corporate world.<\/p>\n\n\n\n<p><strong>Taylor Francis, co-founder of Watershed<\/strong>, highlighted the rapid growth in the company\u2019s data tracking capabilities during an interview: <em>&#8220;That number has grown very quickly, and it has grown much faster than we expected.&#8221;<\/em><\/p>\n\n\n\n<p>A major factor driving this growth is the increasing pressure from <strong>mandatory ESG reporting<\/strong> regulations, such as the <strong>European Union\u2019s Corporate Sustainability Reporting Directive (CSRD)<\/strong>, which mandates <strong>disclosures starting in 2025<\/strong> for the 2024 financial year. These regulations are encouraging companies to seek out software solutions that can deliver <strong>auditable, timely, and accurate data<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-navigating-the-esg-landscape\">Navigating the ESG Landscape<\/h3>\n\n\n\n<p>Despite political backlash against <strong>ESG investing<\/strong>, the demand for carbon management software has only intensified. Francis noted that the \u201c<strong>ratio of talk to action<\/strong>\u201d has shifted significantly, with companies now taking concrete steps toward sustainability rather than just making pledges.<\/p>\n\n\n\n<p>The importance of <strong>accurate and granular data<\/strong> cannot be overstated. Companies are gravitating towards tools that provide in-depth insights into <strong>supplier emissions<\/strong>, particularly in the context of <strong>Scope 3 emissions<\/strong>, which cover indirect emissions across the supply chain.<\/p>\n\n\n\n<p><strong>Alessandra Leggieri, an analyst at Verdantix<\/strong>, explained: <em>&#8220;Firms want to make sure they have investor-grade data that is auditable, accessible, timely, and accurate.&#8221;<\/em><\/p>\n\n\n\n<p>Companies are increasingly prioritizing solutions that can integrate smoothly with their existing <strong>enterprise resource planning<\/strong> and <strong>supply chain management systems<\/strong>, ensuring that the data they collect is not only accurate but also comprehensive.<\/p>\n\n\n\n<p>Related Article: <a href=\"https:\/\/sdgnews.com\/orsteds-revolutionary-noise-reduction-technology-for-offshore-wind-foundations\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>\u00d8rsted\u2019s Revolutionary Noise-Reduction Technology for Offshore Wind Foundations<\/strong><\/a><\/p>\n\n\n\t\t<div data-elementor-type=\"page\" data-elementor-id=\"2169\" class=\"elementor elementor-2169\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1ad85f5 e-flex e-con-boxed e-con e-parent\" data-id=\"1ad85f5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c4c36b5 elementor-widget elementor-widget-heading\" data-id=\"c4c36b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><h5 data-elementor-setting-key=\"title\" data-pen-placeholder=\"Type Here...\" style=\"font-family: joanna-nova, sans-serif;font-weight: 400;line-height: var( --e-global-typography-7044a64-line-height );font-size: var( --e-global-typography-7044a64-font-size );letter-spacing: normal;text-align: center\">Change the World - Subscribe Now<\/h5><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-392f45d elementor-widget__width-initial elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"392f45d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;50&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"Newsletter Signup Footer\" aria-label=\"Newsletter Signup Footer\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"2169\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"392f45d\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"IBM&#039;s Stacey Gifford Harnesses AI to Drive Sustainability in Real Estate Portfolios - SDG News\" \/>\n\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"queried_id\" value=\"5242\"\/>\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-50 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-xs  elementor-field-textual\" placeholder=\"Enter Email Address\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-50 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-xs\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Subscribe<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-securing-credibility-in-carbon-tracking\">Securing Credibility in Carbon Tracking<\/h3>\n\n\n\n<p>Watershed has designed its software to withstand the scrutiny of <strong>audits<\/strong> and <strong>regulatory reviews<\/strong>, incorporating <strong>150 safeguards<\/strong> to prevent common errors. According to Francis, 100% of Watershed\u2019s clients have passed audits of their carbon accounting statements, a critical validation for companies seeking to ensure their sustainability claims hold up under examination.<\/p>\n\n\n\n<p><strong>Taylor Francis<\/strong> emphasized the importance of reliable data in this process: <em>&#8220;We see that the vast majority of carbon footprints that are done the traditional way have some sort of material misstatement.&#8221;<\/em><\/p>\n\n\n\n<p>Watershed\u2019s clients rely on its robust data infrastructure to ensure that their sustainability efforts meet the stringent demands of new regulations while also making meaningful progress in emissions reduction.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-tackling-scope-3-emissions-with-granular-data\">Tackling Scope 3 Emissions with Granular Data<\/h3>\n\n\n\n<p>One of Watershed\u2019s standout features is its ability to deliver <strong>granular data on Scope 3 emissions<\/strong>, which are typically the most difficult to measure and manage. This capability is particularly useful for corporations looking to reduce emissions across their supply chain.<\/p>\n\n\n\n<p>In 2023, Watershed acquired <strong>VitalMetrics<\/strong>, a global emissions database, to enhance its ability to track and reduce <strong>supplier emissions<\/strong>. For example, <strong>Canva<\/strong>, a leading graphic design platform, used Watershed\u2019s data to identify high-emission suppliers. Watershed helped negotiate a <strong>virtual power purchase agreement<\/strong> that allowed Canva\u2019s suppliers to source power from <strong>new community solar projects<\/strong>, reducing emissions across the supply chain.<\/p>\n\n\n\n<p><strong>Taylor Francis<\/strong> explained: <em>&#8220;We\u2019re ultimately getting to a place where your Scope 3 is granular\u2026 Part two is to make action easy for your suppliers.&#8221;<\/em><\/p>\n\n\n\n<p>This detailed approach to emissions tracking enables corporations to make informed decisions about which <strong>decarbonization projects<\/strong> to prioritize, ensuring that their efforts are both effective and measurable.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-looking-ahead-what-s-next-for-watershed\">Looking Ahead: What\u2019s Next for Watershed?<\/h3>\n\n\n\n<p>As mandatory ESG reporting rules continue to evolve, demand for comprehensive carbon management solutions like Watershed\u2019s is expected to grow. More deals are in the pipeline, according to Francis, though he declined to elaborate on specifics.<\/p>\n\n\n\n<p>With its ability to deliver <strong>investor-grade data<\/strong>, withstand audits, and provide granular emissions tracking, Watershed is well-positioned to continue leading the market in <strong>carbon management software<\/strong>.<\/p>\n\n\n\n<p>Be sure to catch the full interview with Watershed\u2019s <strong>Taylor Francis<\/strong>, and stay tuned for the next episode of <strong>Climate Pioneers<\/strong>, which will feature insights from <strong>Whole Foods Market<\/strong> on their <strong>climate-smart agriculture<\/strong> and <strong>pollinator protection<\/strong> initiatives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Impact Points Overview Watershed, a five-year-old carbon management software startup valued at $1.8 billion, is rapidly expanding its presence in the corporate world by partnering with companies like FedEx, General Mills, and Walmart. With the increasing need for credible carbon tracking solutions, Watershed has secured contracts with hundreds of companies, offering a unique capability [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[32],"tags":[555,551,552,61,66,60,67,553,554],"class_list":["post-3822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation-technology","tag-carbon-tech","tag-fedex","tag-general-mills","tag-sdg-news","tag-sdgs","tag-sustainable-development-goals","tag-un-sdgs","tag-walmart","tag-watershed"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FedEx, General Mills, and Walmart Tap Into Carbon Tech: How Watershed&#039;s Software is Driving Sustainability - 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