StepChange

StepChange operates as a software and data company focused on providing carbon accounting solutions for large enterprises. The firm was established in 2022 and founded by Anirudy Nag, Shivam Bhatia, and Siddharth Taparia. The company's platform is designed to help businesses measure, manage, and reduce their carbon footprint, addressing the growing demand for corporate sustainability and environmental, social, and governance (ESG) reporting. StepChange's core offering is a technology platform that automates the collection and analysis of emissions data across a company's entire value chain, including Scope 1, 2, and the more complex Scope 3 emissions. This allows clients to gain a detailed understanding of their carbon hotspots and comply with evolving regulatory frameworks. The business model is primarily business-to-business (B2B), targeting large corporations that need to track their environmental impact. Revenue is likely generated through a Software-as-a-Service (SaaS) subscription model, where clients pay for access to the platform's features and data processing capabilities. The platform enables companies to build a verifiable, audit-ready GHG inventory. It integrates with existing enterprise resource planning (ERP) systems to pull activity data, which is then processed through a library of emissions factors to calculate the carbon footprint. This service is particularly relevant for businesses in sectors with complex supply chains, where tracking indirect emissions is a significant challenge. By providing granular insights, StepChange helps companies identify opportunities for decarbonization and report their progress to stakeholders. Keywords: carbon accounting, sustainability software, GHG emissions, ESG reporting, decarbonization, Scope 3 emissions, climate tech, enterprise software, carbon management, B2B SaaS