EY partners with Carbon13 to help start-ups reduce CO2e emissions

EY has invested in a collaboration with Carbon13, in an attempt to support entrepreneurs in creating new businesses whose primary objectives are to reduce CO2e emissions.

Carbon13’s has been set up to help 1,000 entrepreneurs build 200 start-ups, each of which has the potential to reduce emissions by at least 10 million tonnes per annum.

According to EY, every cohort of the programme lasts eight months: the first programme started in March 2021, which is now complete, with the second now ongoing. EY worked with the first two cohorts and has also committed to collaborating with the next three venture builder programmes over the next two years, with applications for Cohort 3 currently open.

EY will share knowledge, insights and advice to help the start-ups to overcome common challenges faced by early-stage businesses.  The firm is also running speaker events and workshops where members of the EY sustainability team share its deep expertise across the climate change and sustainability field.

In addition, EY said it is supporting the entrepreneurs as they pitch their initial concepts, offering feedback and advice to help strengthen their ideas.

This announcement comes on the back of the recent launch of EY Carbon in the UK. The team said it is dedicated to helping these businesses develop robust, ambitious plans, while building longer-term sustainability strategies.

Kim Paykel, EY associate partner, said:  “We are really excited about our collaboration  with Carbon13. As well as being an opportunity for us to support the next generation of climate entrepreneurs, we can also learn so much from their ideas, and new ways of looking at a problem.

“Collaborating across ecosystems is essential in the fight against such a complex and systemic challenge like climate change.”

Dr Chris Coleridge, Carbon13 CEO, added: “Having the support, knowledge and expertise of EY and its people is a huge boost to Carbon13 and the entrepreneurs that we work with. There are a great number of entrepreneurs with some ground-breaking ideas but the challenge is taking these from concept to reality much more quickly.

“By bringing together the collective power and expertise of EY to collaborate and offer advice and guidance to entrepreneurs, we will be better able to drive forward their plans and ambitions.”