NEW YORK--(BUSINESS WIRE)--Climate Club, the leading Carbon Planning & Analysis (CP&A) platform for global enterprise organizations, today announced it has changed its name to Clarasight and created an industry-leading Advisory Board to solidify the company’s commitment to enabling global organizations to close the gap between climate-related intention and action by making carbon planning a core component of the traditional business planning process.“ Our new name is intended to reflect the value our product brings to forward-looking companies - the ability to plan emissions with confidence and transparency by automating department-level forecasts, analytics, planning, and target setting for carbon emissions in alignment with business goals,” said Adam Braun, Clarasight’s CEO & Co-Founder. “ Many companies know their previous year’s emissions and have publicly set reduction targets. Clarasight is filling the gap in the adaptive planning that enables them to get there.”Companies with over $38 trillion in market cap are struggling to meet 2030 science-based targets, with 93% falling behind. Clarasight is tackling this challenge today by primarily working with professional services, technology, and pharmaceutical companies to address critical areas of focus - including business travel, purchased goods and services, employee commuting, and Scopes 1 & 2. Due to rising demand for carbon planning tools, Clarasight doubled its revenue in the latter half of 2023 – highlighting the need for AI-driven, real-time data insights, recommendations, and scenario-modeling of emissions to enable streamlined sustainability planning and target achievement aligned with financials across organizations.The creation of its Advisory Board, which includes some of the brightest minds in the travel and sustainability space, will expedite its mission to enable companies to confidently build pathways to sustainability goals that optimize financial performance. Advisory Board members – whose experience spans from leading travel strategy for Fortune 500s to advising ESG heads at Black Rock, Coca Cola and Procter & Gamble – include:Erika Murdock Balbuena, Head of ESG at RobinhoodScott Gillespie, Industry Advisor at tClaraPatrick Diemer, Co-Founder & Board Chair of BT4EuropeGlenn Thorsen, Global Sustainability Lead at FCM ConsultingChrissa Pagitsas, Founder and Principal at Pagitsas AdvisorsThe new branding is effective today, January 31, 2024

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Urgency among CEOs to implement and demonstrate real progress in sustainability initiatives is at an all-time high. In the 2022 IBM CEO study, sustainability was ranked as the top organizational challenge by 51% of CEOs, with 57% citing difficulty clearly defining and measuring ROI as the greatest hurdle. At the same time, as organizations struggle with faltering employee engagement and retention, sustainability has emerged as a leading factor in attracting, engaging, and retaining talent. In an HP study, 81% of employees at global companies committed to sustainability described themselves as “more productive” and 82% as “more loyal.”

Climate Club, a carbon reduction platform that embeds sustainability into the employee experience, announced its launch and $6.5M Seed round.