Carbon4 Finance wins the Eagle Alpha ESG Hackathon

A few days ago, Carbon4 Finance attended the Eagle Alpha ESG Day US Hackathon, which featured discussions on the 3 misconceptions of ESG – ratings, greenwashing, social washing – by critvocates (critics and advocates) of the corporate and investment industries. 

The event gathered about 150 companies worldwide and 15 data providers were challenged to demonstrate the value and accuracy of their calculations. 

The importance of Scope 3

Carbon4 Finance was thrilled to present its Scope 3 analysis and prove its importance. We were able to take the exemple of Exxon and demonstrate that the Scope 3 carbone emissions count for 85% of the total emissions.

It is absolutely imperative to integrate Scope 3 carbon emissions into a company’s climate performance, in order not to miss the challenges of climate change.

The “avoided emissions” indicator

We were also also asked to present the « avoided emissions » indicator, which is currently only provided by Carbon4 Finance. In comparison with a regular sector-specific scenario, this indicator gave a more precise calculation of Toyota’s avoided emissions and proved its added value.

Convincing the jury

Working within small teams, we were glad to be part of the Ottoquant team (in collaboration with Accern, Axiomatic Data, AZA-Soyul, Covalence, GlobalData, LinkUp and S·Factor) and win the ESG Data Hackathon !

Find mot more about the Hackathon : https://eaglealpha.com/virtual-data-conference-may-2021/

Find out more about our solutions : https://www.carbon4finance.com/