CarbonChain, a UK-based B2B carbon intelligence software startup, has launched CarbonChain Comply, a new emissions reporting solution for mandatory and voluntary disclosure within the metals and energy supply chains.

Key features of CarbonChain Comply include:

• Carbon Reporting Hub, simplifying the generation of carbon footprints and corporate emissions reports for Scope 1-3 emissions

• CBAM Compliance, tailored for importers of aluminum, steel, iron, and fertilizers, supports the requirements of the EU Carbon Border Adjustment Mechanism

• Supplier Engagement Module facilitates data sharing with suppliers for emissions calculations and sustainability reporting

Analyst QuickTake: The new product launch follows a USD 10 million Series A funding round co-led by Union Square Ventures and Voyager Ventures in April 2023. The funds were used to develop new carbon accounting and reporting solutions, such as CarbonChain Comply.