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Ekko's Climate Report
The SME Reporting Tool
Introduction *
Commitment and Targets *
Own Emissions *
Value Chain Emissions *
(optional)
Climate Solutions *
(optional)
Management, Strategy and Climate Risk *
(optional)
Results, Challenges and Outlook *
Version 1.1.0
Introduction *
1.1 Reporting year
*2024
1.1.1 Reporting period
*from 1.2024 to 12.2024
1.2 Describe your business activities
*ekko is a mission-driven fintech founded on the belief that everyone, everywhere needs to take action on climate and nature to ensure a more sustainable future for all. We help financial institutions provide their customers with information about the environmental impact (climate and nature) of every transaction. In this way, customers (whether individual consumers or small businesses) can better understand their impact and make more informed purchasing decisions. In addition, users can compensate for their purchases through Gold Standard or make a contribution to an environmental project through one of ekko\'s impact partners, including Conservation International, Tusk, RRSP, Prevented Ocean Plastics, Conservation Collective, etc. Our goal is to drive USD 1 Billion to impact projects around the world within five years.
We have built a business that is based on connecting financial services companies, their consumers and leading environmental organisations to convert small positive actions by many into a big change for all. We do this by embedding our solutions in bank and payment platforms to give consumers the opportunity to measure the environmental footprint of their transactions, track it over time, and contribute to vetted environmental projects.
1.4 Number of employees in the reporting year
*8
1.4.1 Full-time equivalent (FTE) or headcounts
*Full-time equivalent
1.5 Let us know if your company is a parent company or subsidiary
*Parent company
Commitment and Targets *
2.1 Net zero target year
*2030
2.1.1 Base year
*2024
2.2 Near-term target
*25% of intensity total emission reduction from my base year by 2030
2.3 Provide any additional comments or context on your net zero and near term targets.
*This year, our first year of operations as a B2B2C, we have focused on preparing a sustainability strategy that sets out our principles and values, including how we are going to work and with whom. We have not set too many fixed measurable targets but will do so in the coming year. We also hope to apply to become a B Corp, which will help us to manage our growth in line with our net zero targets.
Own Emissions *
3.1 To reduce emissions in line with my commitment, my company has a plan and is taking action
*Yes
Energy consumption
3.2 Total energy consumption
*18590.2 kwh
3.3 Renewable energy
*18590.2 kwh
Scope 1 emissions
3.4 Scope 1 emissions
*0 metric tons CO2e
Scope 2 emissions
3.5 Location based scope 2 emissions
*0 metric tons CO2e
3.6 Market based scope 2 emissions
*0 metric tons CO2e
3.7 Describe your plans and actions taken to reduce scope 1 & 2 emissions.
*We have a board-approved Sustainability Action Plan that includes both what we will do as a company to grow our business in line with a net zero trajectory and how our business can help others to take action on nature and climate. We have based our Sustainability Action Plan on the 4 pillars of the Exponential Roadmap Initiative and also aligned to the B Lab principles. All of our energy sources are renewable and we operate out of a B Corp certified building - we will continue to look to operate in this way as we grow.
3.8 Describe the calculation methodology and comment on the data accuracy, including any tools/methods used to calculate.
*We have used the SMECH Advanced Business Calculator.
Value Chain Emissions (optional) *
Scope 3 emissions
4.1 Have you measured any of your scope 3 emissions?
*Yes
Supply chain related - upstream emissions
Customer related - downstream emissions
4.1.17 Do you have a plan and are taking action to reduce emissions from your value chain?
*Yes
Our strategy includes working with low-impact technology partners, optimising data infrastructure for energy efficiency, and continuously evolving our offerings to help our clients and users make more sustainable choices thereby amplifying positive impact across our value chain
4.2 Have you asked any of your suppliers to set a net zero target (either voluntarily or as a requirement)?
*No
4.3 Have you communicated your commitment and actions to any of your customers?
*Yes
4.4 Describe the calculation methodology and comment on the data accuracy and any tools used to calculate your scope 3 emissions.
*SMECH Advanced Business Calculator
Climate Solutions (optional) *
5.1 Do you classify any of your existing goods and/or services as a climate solution?
*Yes
5.2 What percentage of your total revenue comes from sales of climate solutions?
*100 %
5.3 Provide descriptions/names of your climate solutions:
*ekko allows consumers and small businesses to understand the carbon and nature footprint of their purchases so that they can make more informed purchasing decisions. Users are also able to compensate for their purchases through Gold Standard or make a contribution to one of ekko\'s impact partners working to reduce the effects of climate change and nature degradation.
Management, Strategy and Climate Risk (optional) *
6.1 What governance processes do you have in place for your climate strategy? Choose as many as are applicable.
*Other (please specify)
6.1 Explain
*Governance process in progress
Results, Challenges and Outlook *
7.1 Provide any additional comments or context on your annual results and progress from previous years.
*We now have a CSO who will help us to align our strategy and operations with our values. The board has approved our first Sustainability Action Plan.
7.2 Do you face any key challenges in reducing emissions?
*Limited control over energy use in buildings,Reducing emissions from business travel,Balancing emission reductions with business growth,Complexities in managing supply chain emissions,Time constraints
7.3 Has there been any third party validation of the data submitted in this report?
*No
-
Ekko's Climate Report
Ekko's Climate Report - 2024
Introduction *
1.1 Reporting year
*2024
1.1.1 Reporting period
*from 1.2024 to 12.2024
1.2 Describe your business activities
*ekko is a mission-driven fintech founded on the belief that everyone, everywhere needs to take action on climate and nature to ensure a more sustainable future for all. We help financial institutions provide their customers with information about the environmental impact (climate and nature) of every transaction. In this way, customers (whether individual consumers or small businesses) can better understand their impact and make more informed purchasing decisions. In addition, users can compensate for their purchases through Gold Standard or make a contribution to an environmental project through one of ekko\'s impact partners, including Conservation International, Tusk, RRSP, Prevented Ocean Plastics, Conservation Collective, etc. Our goal is to drive USD 1 Billion to impact projects around the world within five years.
We have built a business that is based on connecting financial services companies, their consumers and leading environmental organisations to convert small positive actions by many into a big change for all. We do this by embedding our solutions in bank and payment platforms to give consumers the opportunity to measure the environmental footprint of their transactions, track it over time, and contribute to vetted environmental projects.
1.4 Number of employees in the reporting year
*8
1.4.1 Full-time equivalent (FTE) or headcounts
*Full-time equivalent
1.5 Let us know if your company is a parent company or subsidiary
*Parent company
Commitment and Targets *
2.1 Net zero target year
*2030
2.1.1 Base year
*2024
2.2 Near-term target
*25% of intensity total emission reduction from my base year by 2030
2.3 Provide any additional comments or context on your net zero and near term targets.
*This year, our first year of operations as a B2B2C, we have focused on preparing a sustainability strategy that sets out our principles and values, including how we are going to work and with whom. We have not set too many fixed measurable targets but will do so in the coming year. We also hope to apply to become a B Corp, which will help us to manage our growth in line with our net zero targets.
Own Emissions *
3.1 To reduce emissions in line with my commitment, my company has a plan and is taking action
*Yes
Energy consumption
3.2 Total energy consumption
*18590.2 kwh
3.3 Renewable energy
*18590.2 kwh
Scope 1 emissions
3.4 Scope 1 emissions
*0 metric tons CO2e
Scope 2 emissions
3.5 Location based scope 2 emissions
*0 metric tons CO2e
3.6 Market based scope 2 emissions
*0 metric tons CO2e
3.7 Describe your plans and actions taken to reduce scope 1 & 2 emissions.
*We have a board-approved Sustainability Action Plan that includes both what we will do as a company to grow our business in line with a net zero trajectory and how our business can help others to take action on nature and climate. We have based our Sustainability Action Plan on the 4 pillars of the Exponential Roadmap Initiative and also aligned to the B Lab principles. All of our energy sources are renewable and we operate out of a B Corp certified building - we will continue to look to operate in this way as we grow.
3.8 Describe the calculation methodology and comment on the data accuracy, including any tools/methods used to calculate.
*We have used the SMECH Advanced Business Calculator.
Value Chain Emissions (optional) *
Scope 3 emissions
4.1 Have you measured any of your scope 3 emissions?
*Yes
Supply chain related - upstream emissions
Customer related - downstream emissions
4.1.17 Do you have a plan and are taking action to reduce emissions from your value chain?
*Yes
Our strategy includes working with low-impact technology partners, optimising data infrastructure for energy efficiency, and continuously evolving our offerings to help our clients and users make more sustainable choices thereby amplifying positive impact across our value chain
4.2 Have you asked any of your suppliers to set a net zero target (either voluntarily or as a requirement)?
*No
4.3 Have you communicated your commitment and actions to any of your customers?
*Yes
4.4 Describe the calculation methodology and comment on the data accuracy and any tools used to calculate your scope 3 emissions.
*SMECH Advanced Business Calculator
Climate Solutions (optional) *
5.1 Do you classify any of your existing goods and/or services as a climate solution?
*Yes
5.2 What percentage of your total revenue comes from sales of climate solutions?
*100 %
5.3 Provide descriptions/names of your climate solutions:
*ekko allows consumers and small businesses to understand the carbon and nature footprint of their purchases so that they can make more informed purchasing decisions. Users are also able to compensate for their purchases through Gold Standard or make a contribution to one of ekko\'s impact partners working to reduce the effects of climate change and nature degradation.
Management, Strategy and Climate Risk (optional) *
6.1 What governance processes do you have in place for your climate strategy? Choose as many as are applicable.
*Other (please specify)
6.1 Explain
*Governance process in progress
Results, Challenges and Outlook *
7.1 Provide any additional comments or context on your annual results and progress from previous years.
*We now have a CSO who will help us to align our strategy and operations with our values. The board has approved our first Sustainability Action Plan.
7.2 Do you face any key challenges in reducing emissions?
*Limited control over energy use in buildings,Reducing emissions from business travel,Balancing emission reductions with business growth,Complexities in managing supply chain emissions,Time constraints
7.3 Has there been any third party validation of the data submitted in this report?
*No
-
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You’ll earn public recognition for taking the first step.
¿Listo para comprometerte a reducir tus emisiones?
Es fácil comprometerse. Solo tienes que completar un formulario compartiendo tu intención de reducir tus emisiones.
Ganarás reconocimiento público por tomar este primer paso.
هل أنت مستعد للالتزام بتقليل الانبعاثات؟
الالتزام سهل. ما عليك سوى تعبئة نموذج لمشاركة عزمك على تقليل انبعاثاتك.
سوف تحظى باعتراف عام باتخاذك الخطوة الأولى.
Prêt à vous engager pour réduire les émissions ?
S’engager est simple. Il suffit de remplir un formulaire indiquant votre intention de réduire vos émissions.
Vous gagnerez une reconnaissance publique pour avoir fait le premier pas.
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