ClimateCamp bags €3.5M to clean up supply chain emissions

Antwerp-based ClimateCamp, a Belgian company that offers tools to engage suppliers, calculate carbon footprints, and reduce Scope 3 emissions, has secured €3.5M in seed funding.

In Europe, Scope 3 emissions include indirect greenhouse gas emissions from a company’s value chain that are not directly owned or controlled by the company. 

These emissions come from both upstream activities, such as supplier operations, and downstream activities, like product use and disposal. Under the EU’s Corporate Sustainability Reporting Directive (CSRD), companies are required to report these emissions.

Investors supporting ClimateCamp

ClimateCamp’s funding round was led by Expon Capital. The investment also includes contributions from private equity and governmental grants from VLAIO, Luxembourg’s Ministry of the Economy, KBC, PMV, and Birdhouse Ventures.

Marc Gendebien, Managing Partner at Expon Capital, says, “We’re investing in ClimateCamp because tackling Scope 3 emissions is one of the biggest challenges in sustainability, and they’ve built a smart, scalable way to solve it.”

“Their platform gets suppliers on board quickly, makes carbon tracking easier, and helps companies turn sustainability goals into real action. We’re excited to support their journey with the Digital Tech Fund.”

A collaborative sustainability platform

ClimateCamp mentions in a statement that most business emissions come from their value chain, with over 85 per cent linked to suppliers. To reduce these emissions, companies need to collaborate with suppliers to measure emissions, set targets, and implement reduction strategies, aligning with the Science-Based Targets initiative (SBTi). 

ClimateCamp prioritises supplier engagement and collaborative decarbonisation, differentiating itself from other industry players.

To support emissions reductions and climate goals, ClimateCamp helps businesses create networks of suppliers, customers, and partners for collective action. 

The company leverages AI to streamline the collection and processing of sustainability data while maintaining accuracy through direct 30-minute calls with each supplier.

Initially focused on emissions’ reduction in the brewing industry, the company has broadened its scope to include food manufacturers and packaging businesses.

ClimateCamp was founded in 2022 by Stijn Gysemans, Vitalie Schiopu, Laurent Moyersoen, and Ruben Pelckmans. It has a team of over 18 employees and operates in Belgium and Luxembourg.

Currently, the company is supporting over 800 companies sharing data on its platform, with a goal of reaching 2,000 by year-end.

ClimateCamp expands amid changing sustainability regulations

ClimateCamp is scaling its operations as the sustainability sector moves toward emissions reduction. 

EU legislators are considering changes to CSRD reporting requirements, and the US has taken steps to withdraw from the Paris Agreement. In response, the focus is shifting from compliance-based reporting to direct emissions reduction, an approach ClimateCamp supports.

Despite regulatory changes, demand for carbon footprint calculations and emissions reductions remains steady. While reporting rules mainly affect large companies, their impact extends across supply chains. 

Market frameworks such as SBTi, green financing, and carbon pricing mechanisms like ETS and CBAM continue to influence business decisions. ClimateCamp remains focused on advancing emissions reduction efforts.

Stijn Gysemans, co-founder and CEO of ClimateCamp, says, “ClimateCamp is the best platform to engage with suppliers at scale—our goal is to bring 1 million companies together by 2030 to collaborate on climate targets, joint action plans, and real emissions reductions.”