CienDos

The co-founders of CienDos have worked together for many years of various projects, both entrepreneurial endeavours and in the world of large corporates.  Our unique combination of risk, regulatory, data and third party (supply chain) compliance experience resulted in CienDos.

With over a decade spent analysing risk across global corporate third-party networks, the founders have a deep understanding of the data gaps and information retrieval challenges companies face when trying to engage their supply and distribution chains.  More recently, during our time at one of the word’s leading data and media companies, we gained experience in the fast-evolving ESG (Environmental, Social and Governance) data requirements and understanding the current data gaps.

With this background and knowledge, accompanied by a member of the founding team’s decades of experience working in big data across the UK banking industry, we began focussing on environmental data and the developing regulatory and government reporting agenda in the UK.  The UK is leading the global push to NetZero and, with these commitments now legally binding on the UK government, we are operating in an economy that is driving the demand for more transparent and accurate environmental and emissions data.

When we analysed the data available for companies globally, it became clear that there are significant gaps in both the measurement and reporting of emissions and other environmental data.  The enterprise-level carbon accounting and management platforms and environmental consultancy services are aimed at the large multi-national companies and highly regulated sectors such as financial services and energy.  These organisations can justify the financial and manpower investment required to implement a carbon management capability and the external consultation expertise needed to fully embed it.  However, outside of this top echelon, there is a lack of imperative or incentive for companies across the rest of the economy to track their environmental impact.  This presents a substantial problem against the backdrop of the global drive to NetZero by 2050.  Due to the interconnectivity and complexity of global supply and distribution chains, to fully understand the current state of emissions and therefore create accurate NetZero targets and transition plans, a company needs to measure its entire carbon footprint – and this include the elusive Scope 3 (supply & distribution chain) emissions.  To capture Scope 3, the large multi-nationals and regulated industries are heavily reliant on emissions and environmental data measured and report by companies up and down the economic spectrum.

We are developing a set of tools that will give every company of any shape and size an easy, accessible, and affordable way of measuring and reporting their environmental impact, starting with carbon emissions.  The cornerstone product is a B2B sustainably linked incentivisation platform, enabling corporate B2B service providers to offer genuine commercial incentives against their products and gather that elusive Scope 3 data, without the overhead of managing the value chain engagement, data capture and validation or tracking each individual companies’ reduction performance.  All our products are underpinned by a core dataset – the Carbon Data Exchange (CDX), which is now seeded with emissions data for all companies registered in the UK.

We are currently in the latter stages of developing our Proof of Concept (PoC) CDX Dataset, which is set to launch in Q2 2022.  We will be moving to secure a round of seed funding in H1 2022, which will enable is to embark on a pilot implementation of our eMap platform, in partnership with a UK financial services institution.

One of the core aims of CienDos is to commercialise our product set as early as possible and grow a core development, data and product team here in Glasgow.  As seasoned entrepreneurs, we are excited by the opportunity to be part of such an engaged and growth-focussed start-up ecosystem and look forward to playing an active role in the community.