Modifi's Sustainability Journey: Redefining Trade and Finance for a Greener Future
23 October, 2023
Key Takeaways :
MODIFI, headquartered in Amsterdam and founded in 2018, specializes in digital trade and finance. Through the Global Account Solution, they simplify international payments, eliminating challenges in cross-border transactions.
MODIFI's primary objective was the development of a comprehensive sustainability report covering Scope 1 and Scope 2 emissions. This demonstrated their dedication to reducing environmental impact and advancing towards emissions neutrality.
The company had difficulty in calculating Scope 2 emissions, especially due to the minimal electricity usage in shared and remote working spaces in Europe. The absence of specific data and a data collection role added to these challenges.
Partnering with Oren, MODIFI was able to craft a Sustainability Report encompassing both Scope 1 and Scope 2 emissions. This highlighted MODIFI's endeavors towards becoming a sustainable organization, emphasizing their minimal emissions from operations.
MODIFI aims to assess and compute their Scope 3 emissions, which will give a holistic view of their environmental footprint, covering indirect impacts like business travel and product usage. This comprehensive understanding will further guide their strategies for sustainability.
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