SAP to Acquire Carbon Management Solution Leader Clear Standards
SAP announced its intent to acquire Clear Standards, Inc. A privately held innovator of enterprise carbon management solutions, Clear Standards helps organizations accurately measure, optimize and report greenhouse gas emissions and other environmental impacts across internal operations.
The company's solution enables dramatic cost savings from energy and waste reduction, and provides decision-support metrics for optimizing investments in energy efficiency technologies.
SAP is expecting to accelerate its ability to meet the carbon management requirements of organizations in this time of increasingly stringent government regulations and expectations for better transparency by the public. Clear Standards provides SAP a mature sustainability solution and expertise in carbon management delivered through an agile, Web-based, on-demand delivery model. In order to reduce customer effort and cost around carbon management, SAP will leverage its business process expertise to enable Clear Standards
The company was founded in 2007 and had raised $4m in Series A funding from Novak Biddle Venture Partners and Kinetic Ventures.
The company recently appointed Jim Sullivan, former director of the U.S. EPA Climate Leaders programme, to the Clear Standards executive team.