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Shine's Approach to Tackling Scope 3 Emissions with IoT
Applicable Industries
- Finance & Insurance
Use Cases
- Continuous Emission Monitoring Systems
The Challenge
Shine, a French startup offering digital banking services to small businesses and self-employed individuals, faced a significant challenge in calculating their carbon footprint. This task was particularly daunting for smaller companies like Shine, which often lack the time, resources, and sustainability expertise required for such an endeavor. The challenge was further compounded by the difficulty in collecting information on indirect, scope 3 emissions. Solid data on these emissions, which typically constitute the largest part of a company's carbon footprint, was not readily available. This lack of data prevented Shine from effectively addressing this significant aspect of their environmental impact.
About The Customer
Shine is a French startup that provides digital banking services tailored to the needs of self-employed individuals and small enterprises. With a team of 180 employees, Shine operates from its headquarters in Paris, France. The company is committed to sustainability and has founded Climate Act, a collective of small companies that measure, reduce, and transparently share their full scope carbon footprint. This initiative encourages businesses of all sizes to take action for the planet, regardless of current legislation. Shine's commitment to sustainability extends to their own operations, as evidenced by their efforts to calculate and reduce their carbon footprint.
The Solution
Shine turned to Sweep, an IoT solution, to build an accurate, dynamic, and comprehensive carbon footprint of their activities. This tool has significantly increased Shine's understanding of and proficiency in carbon management. Sweep allows Shine to measure and analyze their carbon footprint and track emissions in real-time. It also enables the company to gather detailed data from service providers and integrate it into their footprint. Furthermore, Sweep provides Shine with the ability to set reduction targets and simulate different initiatives. This feature allows Shine to build the most effective plan of action for reducing their carbon footprint. The use of this IoT solution has empowered Shine to take a proactive and informed approach to managing their environmental impact.
Operational Impact
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