Overview of Business

Global analysis suggests that more than 20% of businesses are veering off track in meeting their targets for reducing emissions under Scope 1 (from owned and operated assets) and Scope 2 (from purchased electricity and fuel). Moreover, over a third are poised to miss their objectives for reducing Scope 3 emissions (from upstream suppliers).

Our aim is to aid these companies in bolstering their performance by embedding carbon footprint reduction within their operational framework, treating it with the same importance as efficiency and cost reduction. Research shows that the majority of emissions in various sectors, such as apparel, food and beverage, chemicals, and retail, stem from Upstream Scope 3 emissions, comprising over 50% of total emissions. These emissions are indirect, originating from the production of inputs for a company’s products or services. To address this, a shift in approach is crucial, involving collaboration with suppliers to reshape ownership models for raw materials and consumables.

Thus, our business objective is to act as a partner for Original Equipment Manufacturers (OEMs) in implementing Extended Producer Responsibility, providing reverse logistics technology and expertise to facilitate the recovery of used production consumables like high chrome grinding media, lithium-ion batteries, and photovoltaic panels.

Our strategy entails research and innovation to identify opportunities for material reuse, conduct material testing, and establish connections within the market among stakeholders. The expected outcomes include waste reduction, diversion from landfills, job creation, and mitigation of environmental harm caused by extensive raw material extraction.

Stage of Business
Scale-up
Industries Served
Water supply; sewerage, waste management and remediation activities
Country / HQ
South Africa
Funding required
Grant
Equity Investment
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