Streamlining net-zero real estate plans with AI

The platform helps businesses in the property industry measure and cut their emissions

Spotted: Real estate is one of the world’s biggest polluters, generating 40 per cent of all greenhouse gas emissions. It’s also one of the sectors most vulnerable to climate change, with extreme weather posing a physical risk to properties around the world. Decarbonising portfolios is urgent, but Accacia hopes to use AI to make it a lot simpler.

The Indian startup has developed a SaaS platform to help various players across real estate, like asset managers and building operators, automate real-time tracking of their Scope 1, 2, and 3 emissions and streamline net-zero plans. Accacia’s marketplace connects users with carbon offset projects and sustainable sellers to help them along their decarbonisation journey.

The AI-powered platform can be used to measure a huge variety of sites, including airports, data centres, hospitals, residential homes, and retail locations. Users can get an overview of their entire portfolio, as well as access granular asset- or inventory-level data.

Developers can use Accacia to get information on embodied carbon emissions based on construction practices and building materials, helping them to better plan lower-carbon projects. For banks and investors, the platform measures financed emissions and provides risk assessments for investment portfolios, while insurers can use it to improve the underwriting process.

Earlier this year, the startup raised $6.5 million (around €6 million) in a pre-series A funding round led by Illuminate Financial.

Written By: Matilda Cox