SPCleantech entered into cooperation with Icelandic company, Klappir which is operating the Klappir Sustainability Platform. The Platform is meeting all the ESRS requirements. The European Sustainability Reporting Standards (ESRS) are an upcoming set of mandatory EU sustainability compliance and disclosure requirements. The ESRS are designed to make Sustainability Accounting and Reporting within the EU more Accurate, Common, Consistent, Comparable, and Standardized, just like financial accounting and reporting.
The Klappir Sustainability Platform connects people using this platform to create a digital sustainability ecosystem that make sustainability readily available. Thisworld-class Sustainability Platform helps businesses and organizations approach sustainability in innovative, new ways.
“Klappir operates in a global market that will grow significantly in the coming years. Klappir’s product is a leader in terms of technology and diversity. It will be sought after all over the world in a rapidly growing market, and there will be many opportunities for growth. Our business strategy is clear, and we have a distinct path into the future. Klappir will distribute its software solutions on international markets in collaboration with partners who have knowledge and experience of markets that are on the one hand regional, and on the other hand industry-bound,” says Jon Agust Thorsteinsson, CEO of Klappir.
Easy access to ESG data
Klappir’s data collection has grown fast, for all kinds of companies and organizations, and covers all categories within scope 1, scope 2 and scope 3, defined by the Greenhouse Gas Protocol. Klappir has an ecosystem of over 1200 companies sharing data.
Klappir collects all relevant data from customers and suppliers, and provides a detailed overview of their CO2 emissions, energy use and other parameters where the company wants to optimize efforts and get auditable documentation of their activities.
“We make sure that all necessary data is accessible in one place. Sustainability Managers and others, who work with these things, shall no longer sit with an Excel sheet and fill in the data themselves for e.g. electricity, water, heating and fuel for 40 subsidiaries around the world,” says Isabelle Broddén.
The advantage of activity-based data
Klappir distinguishes itself from other ESG solutions by being activity-based rather than spend-based. According to the Greenhouse Gas Protocol, it gives more accurate numbers that can describe the company’s influence on the outside world more accurately and detailed.
“Other solutions, working spend-based, use economic key numbers from an invoice. A certain amount for a certain type of fuel equals to a certain level of emissions. However, this is not a very accurate method, as it may be vulnerable to price changes. If you get a 40% discount, it doesn’t make your emissions 40% lower. Instead, we look at your actual usage and your actual activities. Therefore, we can link your overall activities to individual activities, so that you get an overview of e.g., how cars and properties can be optimized based on the benchmarks set by the ecosystem and platform,” says Martin Kahl, Growth Leader at Klappir.
Suppliers are important partners
Klappir’s goal is to work inclusively with the suppliers of customers. The suppliers are an essential part of the ecosystem and seen as important partner businesses for Klappir. “When we get a new client on the platform, we also get their supplier in, and we analyze the products they supply to our client. For a fuel supplier, we check e.g. the level of bio in their products to find emission factors that are as specific as possible. When this preparation is done, the activity-based data is collected to calculate CO2,” explains Martin Kahl.
Speed up the green transition
The family behind Klappir still has a decisive influence on the company, but Klappir is listed on Nasdaq First Nordic and the price for participating on the platform is deliberately kept low. It is important for Klappir that the platform appeals to the highest possible number of companies and investors, which can see the value of cooperation around the tools, needed to get institutions and the business sector to kick off the green transition through sustainable companies.