Responsibly raises $2.4M to enhance AI-driven sustainability tracking

Introduction:

Copenhagen-based startup Responsibly has just secured $2.4 million in Seed funding to support its mission of using AI to help companies be more responsible and assess the sustainability of their suppliers. The funds will be used to enhance their AI engine, enabling it to capture a wider range of data and expand its capabilities.

 

Leading the Seed round are Hambro Perks and Pi Labs, both based in London.

What sets Responsibly apart in the realm of supply chain sustainability and accountability tracking is its unique approach. Unlike the conventional practice of drowning suppliers in data requests, Responsibly offers guidance to suppliers.

 

Responsibly employs AI to navigate the vast amount of data within the sustainability sector. Their analysis covers various factors, such as carbon emissions, gender pay gaps, human rights, and deforestation. They provide customers with a sustainability data score for their suppliers.

 

The ultimate goal of Responsibly's platform is to allow purchasers to quickly access supplier sustainability and risk data while helping suppliers reduce the resources spent on complying with data requests. Instead, they can rely on Responsibly's guidance to improve their sustainability efforts.

 

Some notable clients of Responsibly include CERN and Chr. Hansen, a producer of food cultures and dairy enzymes. The startup has also been recognized by Mastercard as one of the top five sustainability and social impact startups in Denmark, Norway, Finland, and Estonia. They recently introduced a free tool that allows anyone to assess ESG (Environmental, Social, and Governance) risk.

 

Founded in early 2021, Responsibly is led by Thomas Buch Andersson, a former BCG consultant and co-founder and COO/CPO of Ofload, a startup focused on reducing the carbon footprint in the trucking industry. Responsibly aims to streamline the process of collecting sustainability data, enabling companies to focus more on building sustainable supply chains in compliance with increasing regulations.

 

Thomas Buch Andersson further elaborated on Responsibly's mission, stating, "As more buyers push suppliers for sustainability data to achieve scope 3 targets or regulatory compliance, we want companies to spend less time manually collecting sustainability data – which is completely unscalable – so they can focus on actually making an impact where it matters the most by building a more sustainable supply chain which complies with increasing regulation."