Company Research Report: Watershed Technology, Inc.

Company Overview

• Name: Watershed Technology, Inc.

• Mission: Watershed's mission is to accelerate the climate economy by empowering companies with tools to accurately measure, report, and reduce their environmental impacts.

• Founded: The company was founded in 2019.

• Headquarters: Watershed is headquartered in San Francisco, California, with additional offices in New York, New York, London, UK, and Sydney, Australia.

• Key People:

• No specific key personnel mentioned by name, but the advisory and investor network includes influential figures such as Christiana Figueres, Mark Carney, and Al Gore.

• Number of Employees: Nearly 400 employees.

• Revenue: No information is available.

• Known For: Watershed is known for its comprehensive sustainability platform, which enables companies to manage sustainability data, conduct reporting, and pursue decarbonization effectively. The platform supports granular emissions measurement and promotes best-in-class sustainability programs.

Products

• Platform Overview: Watershed offers an all-encompassing platform designed to run world-class sustainability programs, focusing on three key areas:

• Measure: Collects data directly from business systems to deliver a granular, audit-ready carbon footprint with over 60,000 emissions factors from a multi-regional database.

• Report: Facilitates understanding of climate disclosure obligations, preparing and filing sustainability disclosures with tools for multiple report formats.

• Act: Supports setting targets, reducing emissions, and tracking progress, supplemented by a marketplace for carbon removal.

• Key Features:

• Integration: Over 60 pre-built integrations make data ingestion easy.

• Security and Scale: SOC 1 and 2 compliant, ISO 14067 certified with a cloud-based platform for reliability and scale.

• CEDA: The Comprehensive Environmental Data Archive (CEDA) contains up-to-date data covering 95% of the world's GDP.

• CSRD Reporting: The platform simplifies the process for CSRD, TCFD, CDP disclosures with enhanced tools.

Recent Developments

• Recent Product Launches:

• CEDA 2024: Updated with refreshed emissions data across 148 countries and 400 industries.

• Supplier Maturity Scorecards: Available to evaluate suppliers' progress in climate maturity.

• Watershed CDP API Connection: Instantly syncs responses to the CDP portal, streamlining reporting timelines.

• Expansion of Supplier Database: Adding data from 30 million companies to enhance supply chain mapping capabilities.

• Partnerships:

• Collaborates with companies like BlackRock and Samsara to drive sustainable aviation fuel growth.

• Formed strategic partnerships with consulting firms like KPMG to aid customers in achieving carbon reductions.

• Funding:

• Announced a significant Series C investment round of $100 million in February 2024 for further expansion and enhancement of platform capabilities.

By aggregating the above details, Watershed Technology, Inc. stands out as a pivotal player in the sustainability domain, facilitating comprehensive solutions for companies aiming to transition towards more sustainable practices.