Climate Club Raises $6.5 Million for Platform Aimed at Driving Employee-Level Climate Action
Carbon reduction startup Climate Club announced its public launch, with $6.5 million in seed funding aimed at expanding its enterprise platform designed to drive employee-level climate action.
Established in 2021 by co-founders Adam Braun, CEO and Philip Charm, Chief Business Officer, Climate Club aims to help companies activate employee involvement and action to achieve sustainability goals. The company’s platform provides distributed goal setting, training, playbooks with trackable actions, rewards and recognition, enabling companies to allocate goals by the team and individual, track sustainability performance across departments in real time, and determine critical actions to enable goal-aligned employee decisions.
Climate Club CEO Adam Braun said:
“Too often, corporate sustainability programs are limited to purchasing clean energy and buying offsets. Those centralized actions leave out the organization’s most powerful component — its people. People-powered carbon reduction means that every employee is engaged in the journey to Net Zero.”
According to the company, employee decisions and activities are a major driver of many companies’ carbon footprints, particularly in Scope 3 areas such as business travel, commuting, and purchased goods & services. Climate Club works with large enterprises’ sustainability leaders and heads of carbon-intense departments, such as Corporate Travel, to drive carbon reduction and maximize the impact of climate action at the department, team and employee level.
“Climate Club provides the solution to these intersecting challenges by providing employees with the role-relevant tools, resources and data to accurately capture and reduce Scope 3 emissions while providing 24/7 real-time visibility into sustainability performance across all areas of a business.”
The company stated that its platform is already being used by companies including Bain & Company and Meta, and that it has established a partner network of companies to help reduce emissions across different enterprise areas, including Lyft in transportation, and Google Nest in efficient energy.
Bain & Company Chief Sustainability Officer Sam Israelit, said:
“Climate Club is the ideal partner to help us translate our climate goals into action. By engaging our employees across teams, functions and offices, we are able to take a unified approach to bring sustainability into the employee experience — and do so in line with the urgency this problem demands.”
The funding round was led by XYZ Venture Capital and Vestigo Ventures with participation from Red Sea Ventures, MCJ Collective and additional strategic investors.
XYZ Venture Capital partner Chauncey Hamilton, said:
“There’s no team better equipped than Climate Club’s to take this all-hands-on-deck approach to meet corporate carbon reduction goals. It will truly take the collective village to reverse climate change, and Climate Club will be an essential tool for sustainability leaders and companies to deliver on their commitments.”