Singapore-headquartered climate-tech venture Terrascope has signed The Climate Pledge, co-founded by Amazon, committing to achieve net-zero carbon emissions by 2040, the company announced on May 4.
Some 400 organisations have now signed The Climate Pledge, which was co-founded by Amazon and Global Optimism in 2019. The pledge is a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040.
The Terrascope platform was launched to the public in June 2022 with a mission to empower enterprises to decarbonise their business operations and supply chains.
To reach net zero, Terrascope will use its own carbon measurement and management software-as-a-service (SaaS) platform to conduct a carbon baselining and target-setting process.
Terrascope works with customers from various sectors, such as agriculture, food and beverage, manufacturing, luxury, transportation, real estate and the public sector. In collaboration with cloud computing platform Amazon Web Services (AWS), Terrascope is also scaling its offering to enterprises worldwide.
Today, Terrascope’s global presence includes teams across five countries.
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Terrascope says it will identify key areas of impact within its material Scope 3 emissions — the indirect supply chain emissions that often make up the majority of a company’s carbon footprint — and prioritise the most impactful reduction efforts.
This is on top of its current efforts, such as renting 90% of its IT equipment from circular economy providers to reduce e-waste, extend the lifespan of IT equipment and ensure proper disposal of devices that can no longer be used or refurbished.
In addition, Terrascope says it emphasises essential business travel only, and favours remote work and lower-carbon travel options.
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Lia Nicholson, Terrascope’s head of sustainability, says: “As a software company, we are focused on helping other companies make swift, credible progress in their decarbonisation and net zero journey. But this pledge is focused on us. While the world needs to reach net zero by 2050 to limit global warming to 1.5°C, those of us who strive to move faster and go further must do so. That’s why Terrascope is announcing an ambitious goal to reach net-zero carbon by 2040 — a decade ahead of the global goal.”
Maya Hari, Terrascope’s CEO, says: “Tackling climate change is a core part of who we are. By committing to The Climate Pledge early in our own journey, we are pushing the bar on ambition, taking responsibility for our own growth, and building decarbonisation into our company DNA. We are proud to work with a cloud service provider such as AWS that is equally committed to sustainable operations, to help us innovate securely and at scale to develop decarbonisation solutions for our enterprise customers worldwide.”
Conor McNamara, managing director of Asean at AWS, says: “It is encouraging to see Terrascope join The Climate Pledge and immediately incorporate real business changes that will have a lasting impact on our planet. At Amazon, we are committed to innovating and investing in a more sustainable future, and are on path to powering our global operations with 100% renewable energy by 2025.”
McNamara adds: “We are thrilled to collaborate with a climate-tech SaaS platform like Terrascope, who shares our sustainability goals. With the differentiating breadth and depth of AWS, we are proud to support Terrascope in boosting innovation for their business, power their enterprise-grade decarbonisation solutions for their global customers and help the company achieve its own decarbonisation goals with cloud technology.”
