Scope3

Overview
News
Carbon Management Software?
Product stageSegments
Expansion
?
B2B Carbon Intelligence: Supply Chain
?

Scope3 is a carbon emissions platform that calculates the carbon footprint of digital advertising supply chains. The company provides a collaborative sustainability platform that measures end-to-end emissions from across the media and advertising ecosystem and drives carbon reduction actions. The company collaborates with stakeholders including verification partners, brands, publishers, and global agency holding companies.

 Scope3 offers quick emissions calculations with campaign metrics available from multiple ad tech platforms and agencies. It has launched Climate Shield , a turnkey carbon footprint reduction solution for digital advertising, which automatically blocks high emissions ad inventory.

Scope3 enables Green Media Products (GMPs), carbon-neutral media, to purchase carbon removal contributions. GMPs can be upgraded to include carbon compensation to neutralize the remaining emissions. The company also provides custom carbon algorithms to reduce CO2 emissions within campaigns while balancing performance metrics for advertising effectiveness.

Key customers and partnerships

In June 2022, the company partnered with Carbon Direct to use the latter’s Purchasing API to offer carbon management services to Scope3 customers. In the same month, Scope3 partnered with Good-Loop to enable carbon offsets for digital marketers in their programmatic advertising.

In November 2022, Scope3 and IPG Mediabrands formed a partnership to offer carbon emissions measurement, compensation, and reduction capabilities to Mediabrands’ clients. This partnership was followed by an agreement with EMX to launch its Open Exchange GMP, a carbon-neutral media product.

In January 2023, the company collaborated with Yahoo to offer Scope3’s Green Media Products in a global carbon-neutral private marketplace in the Yahoo supply-side platform (SSP). In February 2023, Scope3 provided supply chain emissions measurement data to Viant Technology , a people-based advertising software company, to reduce the latter’s carbon footprint. In April 2023, the company partnered with event-organizing company POSSIBLE to reduce carbon emissions in the execution of events.

In June 2023, Scope3 partnered with Greenbids , a sustainable adtech startup, to improve the latter’s algorithms with accurate advertising carbon data. Notable clients include Coca-Cola, General Motors, Mastercard and Sanofi.

 

 

 

HQ location:
228 Park Avenue South PMB 24984 New York NY USA
Founded year:
2022
Employees:
11-50
IPO status:
Private
Total funding:
USD 45.0 mn
Last Funding:
USD 25.0 mn (Series B; Oct 2024)
Last valuation:
-
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