Carbontrail
UnclaimedEmpower businesses to measure and share verifiable emissions data, simplifying Scope 3 reporting.
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TL;DR - Carbontrail
- Centralizes Scope 3 emissions data collection from SMEs.
- Automates activity-based measurement using AI from financial documents.
- Ensures verifiable, audit-ready data aligned with global standards like GHG Protocol and PCAF.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Simplifies complex Scope 3 data collection from numerous SMEs
- Provides highly accurate, activity-based emissions data instead of spend-based estimates
- Ensures data verifiability and audit-readiness through guided processes and evidence storage
- Automates data capture from financial documents, reducing manual effort
- Supports compliance with major reporting standards like GHG Protocol, ISO14064, and PCAF
Cons
- Requires integration with accounting tools or direct upload of financial evidence
- Specific pricing details are not publicly available, requiring a demo request
- Relies on the engagement and data input from partner businesses
Preview
Key Features
Centralized workflow for engaging and managing business partnersMass engagement tools for inviting businesses to measure emissionsCustom apportionment of emissions to specific projects or eventsProgress tracking for monitoring data completeness and qualityGuided onboarding for emissions measurementAI-Powered Measurement Tools (Emission Compass) for invoice/receipt analysisDirected data quality improvement workflowsStandards-aligned reporting (GHG Protocol, ISO14064, PCAF)
Pricing
Paid
Carbontrail offers paid plans. Visit their website for current pricing details.
About Carbontrail
By Toolradar Team·
CarbonTrail is a platform designed to help organizations, particularly financial institutions, manage and report on Scope 3 emissions from their small and medium-sized enterprise (SME) partners and customers. It provides a centralized workflow to engage, view, and manage these businesses, streamlining the data collection process for verifiable emissions data.
The platform offers guided measurement and reporting processes, including AI-powered tools like Emission Compass, which automates activity-based measurement from invoices and receipts. This enables accurate, audit-ready data aligned with GHG Protocol and ISO14064 standards. CarbonTrail is particularly beneficial for banks and financial services needing to meet PCAF-compliant reporting requirements by simplifying the collection and disclosure of financed emissions across their customer portfolios.
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Carbontrail FAQ
How does Emission Compass ensure the accuracy of activity-based emissions data compared to spend-based estimates?
Emission Compass analyzes transactions in key emissions categories like flights, fuel, and waste directly from invoices and receipts. It then enriches each transaction with high-quality emissions data based on the actual activity represented, rather than relying on generalized spend-based estimates, providing a more granular and auditable calculation.
What specific global standards does CarbonTrail align with for emissions measurement and reporting?
CarbonTrail's platform is built around measurement and reporting technology aligned with the GHG Protocol and ISO 14064-1:2018. It also supports organizations needing to disclose against standards such as the Aotearoa New Zealand Climate Standards, ISSB standards, and PCAF guidelines, particularly for financial services.
Can businesses that do not use supported accounting tools still utilize Emission Compass for data capture?
Yes, if a business is not using a supported accounting tool, they can directly upload their invoices and receipts. Emission Compass will then process this evidence to deliver the same insights and activity-based emissions calculations.
How does CarbonTrail facilitate the audit process for collected emissions data?
CarbonTrail stores and displays the complete working behind each emissions calculation, including the steps, conversions, and other key information. This allows users to provide auditors with a clear understanding of how an emissions ledger was created, supporting audit readiness and providing insights for reduction strategies.
For financial institutions, how does CarbonTrail specifically address the complexities of reporting financed emissions?
CarbonTrail streamlines the process for financial institutions by providing a PCAF-compliant platform. It allows them to invite businesses within their value chain to measure and return accurate, disclosure-ready emissions data, including automated PCAF scoring and Scope 1, 2, and 3 breakdowns, directly into a single dashboard.
What is the typical time commitment for an SME to complete their initial emissions measurement using CarbonTrail?
CarbonTrail Measure is designed for efficiency, enabling businesses to calculate their emissions and return audit data in as little as 15 minutes. This is achieved through guided onboarding and automatic data capture tools that link to existing carbon inventories or access electricity, fuel usage, and travel data quickly.
Source: carbontrail.co