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The Climate Choice launches pilot project and analyses climate performance of selected Telefónica Germany suppliers
10/06/2021- The Climate Choice launches pilot project for climate-relevant data collection along the supply chain
- The software-driven Climate Readiness Check shows suppliers their own climate performance, identifies quick wins and long-term potential for action
Berlin, October 6, 2021 – The B2B platform The Climate Choice has developed the Climate Readiness Check, a software tool for the transparent collection, evaluation and analysis of climate-related data. The application of the tool for decarbonising the supply chain is now being tested together with the mobile phone provider Telefónica Germany. The pilot project was initiated by Wayra Germany, Telefónica’s Innovation Hub. Over a period of three months, The Climate Choice will initially identify five suppliers and analyse them for their climate performance.
“Up to 90 percent of all corporate emissions occur within the supply chain,” says Lara Obst, co-founder and managing director of The Climate Choice. “As purchasing thus plays a central role in climate transformation, companies need detailed data on the current status as well as the optimisation potential of their suppliers. To create a transparent digital solution here, we have developed the industry-independent Climate Readiness Check.”
With this analysis, The Climate Choice sheds light on climate potentials and strengths in five dimensions: Transparency, Climate Impact, Environmental Impact, and Industry Impact. At the heart of the software-based climate rating is a comprehensive questionnaire based on international standards such as the Global Reporting Initiative (GRI), the new EU taxonomy and the guidelines of the Task Force on Climate-Related Financial Disclosures (TCDF). The analysis includes questions on the setting of climate targets, CO2 accounting and climate measures already implemented as well as the corresponding certificates. On the basis of the status quo analysis, individual steps to reduce emissions and strategic fields of action can be derived.
Joachim Sandt, Environmental Officer at Telefónica Deutschland: “The pilot project with THE CLIMATE CHOICE can provide important insights for the decarbonisation of Telefónica Deutschland in Scope 3. It offers support to our suppliers in their climate transformation and we can get more transparency and comparable data on climate performance in our supply chain.”
About THE CLIMATE CHOICE
The B2B platform THE CLIMATE CHOICE, based in Berlin, brings together providers of climate-related solutions with companies that want to implement a commercially successful climate transformation. With the CLIMATE Readiness Check, the startup offers all companies on the platform a software-driven analysis of their own climate performance and, based on this, shows precisely fitting solutions along the entire supply chain to measure, reduce and offset CO2. Lara Obst, Yasha Tarani and Dr. Rey Farhan founded THE CLIMATE CHOICE in 2020 and hosted the first Climate Transformation Summit that same year.