Innovative Carbon Accounting Solutions for Small Businesses
Need for Comprehensive Carbon Accounting Solutions
In today's world, the imperative for carbon accounting within small and midsized businesses is becoming increasingly evident. Businesses face escalating pressure to report their carbon emissions due to new regulatory requirements and consumer expectations. IN BOLD PRINT, a carbon management platform, is stepping up to meet this demand with its innovative approach.
Recent Funding Success
Recently, IN BOLD PRINT successfully closed a $1 million pre-seed funding round, which showcases its ongoing commitment to supporting small-to-midsized businesses along the consumer goods supply chain. This funding, led by VC 414 and joined by several venture firms, highlights a shared vision for bolstering effective climate solutions.
Strategic Partnerships
The company has also welcomed Schreiber Foods and Palermo’s Pizza as both strategic partners and customers, emphasizing their shared goal to enhance sustainability in their supply chains. These partnerships reflect the growing recognition among businesses that responsible carbon management is essential.
Adapting to Evolving Regulations
As emissions disclosure regulations evolve, especially with recent rulings impacting a significant number of companies, IN BOLD PRINT is positioned to offer vital assistance. Now, 75% of Fortune 1000 companies are affected, meaning that all vendors and suppliers must also engage in managing their Scope 3 emissions. There is a clear shift towards more rigorous sustainability reporting standards, and businesses must adapt to remain competitive.
Importance of Carbon Reporting
The need for carbon emissions reporting has transcended marketing or branding; it has become integral for doing business. Many small and midsized firms find themselves at a disadvantage, lacking the resources available to larger corporations that can afford specialized consulting services. IN BOLD PRINT seeks to bridge this gap and provide accessible solutions.
Building an Intuitive Platform
Founded in 2021 by Ashley Pradhan and Cierra Valor, IN BOLD PRINT was created with a vision of making carbon accounting approachable and effective for every business. Their platform blends simplicity with powerful functionality, resembling popular consumer accounting tools, ensuring that businesses can manage their emissions without overwhelm.
Platform Capabilities
The insightful platform generates user-friendly dashboards and detailed reports that are exportable for various stakeholders, including investors and suppliers. By streamlining emissions data sharing, IN BOLD PRINT facilitates decision-making and enhances transparency around sustainability initiatives.
Voices Behind the Mission
Jennifer Abele, Managing Partner at VC 414, emphasized the importance of sustainability in today’s market. She commended the founders for their capability in merging technical know-how with leadership, enabling businesses to align their operations with environmentally friendly practices.
Emily King, a Sustainability Specialist at Schreiber Foods, noted that the platform’s unique capabilities set it apart in the crowded carbon management sector. With automation, precision, and user-friendliness, IN BOLD PRINT is notable for effectively boosting a business’s ESG initiatives.
Inner Commitment to Sustainability
Ashley Pradhan, the CEO of IN BOLD PRINT, highlighted their commitment to helping businesses realize the dual benefit of environmental and economic health. Their goal is to empower business owners to improve their emissions profile proactively and respond effectively to requests from customers or investors.
Future Prospects
This funding will enable IN BOLD PRINT to transition towards a self-service model while enhancing their engineering and market outreach teams in line with a rapidly expanding customer base. As the company diversifies into new categories, it anticipates an increase of its total addressable market to $17.5 billion.
About IN BOLD PRINT
Founded in 2021, IN BOLD PRINT provides essential carbon management solutions aimed at businesses of all sizes. Recognizing the challenges faced by small-to-midsized companies in navigating the complexities of sustainability, their platform helps users effortlessly calculate their carbon emissions. IN BOLD PRINT focuses on creating actionable strategies that not only improve carbon footprints but also cut costs. The company prides itself on being women- and minority-owned, underlining a commitment to diversity in the sustainability space.
Frequently Asked Questions
What is IN BOLD PRINT?
IN BOLD PRINT is an innovative carbon management platform designed to aid businesses of all sizes in managing their carbon emissions effectively.
How recent funding will aid IN BOLD PRINT?
The recent funding will enhance their self-service capabilities and support the expansion of their customer and engineering teams.
Why is carbon accounting important for SMBs?
Carbon accounting is crucial for SMBs to comply with regulations and meet increasing consumer expectations regarding sustainability.
Who are some strategic partners of IN BOLD PRINT?
Schreiber Foods and Palermo’s Pizza are notable partners, aiding in the integration of sustainability practices.
How does the IN BOLD PRINT platform work?
The platform simplifies emissions reporting by providing exportable dashboards, user-friendly insights, and recommendations to help businesses take actionable steps.
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