Forum Innovation 2022

Ecofye

AI that analyses and improves the carbon impact of SMEs

Where? United Kingdom

What? 
Automating environmental improvement for small & medium businesses​ Ecofye is a startup that aims to assess the ESG performance of small and medium-sized companies through a fully automated platform. It offers autonomous and customized sustainability solutions and carbon footprint calculations. The algorithm can analyse the entire value chain based on 3 criteria: carbon emissions, circular economy and social impact. The platform also offers offsets as well as certifications. In the UK, for example, small and medium-sized businesses account for 50% of corporate emissions. Yet 98% of these companies are unable to implement effective changes. Ecofye claims that companies using its platform can lower their emissions by an average of 20% and boost their score across different sustainability standards​