Avarni Secures $2.5M to Simplify Scope 3 Emissions Tracking for Enterprises

The Growing Challenge of Scope 3 Emissions

For most large enterprises, Scope 3 emissions account for 65-95% of their total carbon footprint, according to PwC. These indirect emissions—stemming from supply chains, business travel, and other value chain activities—are notoriously difficult to track. With new regulations like California’s SB 253 mandating Scope 3 reporting, companies urgently need solutions.

Avarni’s $2.5M Funding Boost

Sydney-based climate tech startup Avarni has raised \(2.5 million AUD (\)1.64M USD) in an extension round led by:

• Returning investor Main Sequence
• New backers Sprint Ventures and AfterWork Ventures

This follows a \(3M November 2022 round, bringing total funding to **\)6.1M**.

Avarni co-founders Anuj Paudel and Misha Cajic (Image: Avarni)

Who Uses Avarni?

Avarni serves large enterprises with Science-Based Targets (SBTi) or net-zero commitments across:

• Professional services (KPMG Australia)
• Engineering (Jacobs, Morrison Hershfield)
• Energy (Schneider Electric)
• Pharmaceuticals
• Hospitality
• Public sector (City of London Corporation)

To date, Avarni has analyzed:

• $1.58 trillion in supply chain data
• 311,000 suppliers across hundreds of industries
• Identified 487M+ tonnes of CO2 emissions

How Avarni’s Platform Works

1. Supply Chain Analysis

• Maps procurement spend to identify high-emission suppliers
• Tracks which suppliers already have SBTi-validated targets

2. Collaborative Data Collection

• Enables customized supplier questionnaires
• Provides free platform access for suppliers to input activity data

3. Advanced Analytics

• Calculates supplier-specific emission factors
• Forecasts emissions under different business scenarios
• Recommends actionable reduction strategies

Why This Matters Now

Regulatory Pressure Mounts

• Australia: Mandatory climate reporting (including Scope 3) begins July 2024
• Global: California’s laws often set precedent for other regions

Market Readiness Gap

• Only 22% of ASX200 companies (43 firms) have Scope 3 reduction strategies
• 110 report Scope 3 data but lack concrete action plans

Competitive Edge

While ESG platforms focus on spend-based calculations, Avarni enables:

• Supplier collaboration: Free platform access for data sharing
• Granular insights: Activity-based emission factors
• Value chain alignment: Shared decarbonization goals

“Avarni allows organizations to plan and reduce impacts across their entire supply chain like never before.” — Alezeia Brown, Main Sequence

U.S. Market Momentum

Co-CEO Misha Cajic reports growing U.S. demand as companies:

• Prepare for upcoming regulations
• Show unexpected urgency in supplier engagement
• View decarbonization as a strategic priority

“U.S. companies are looking to move quickly to engage their supply chain,” Cajic noted after a September market visit.

The Road Ahead

With fresh funding and regulatory tailwinds, Avarni is poised to help enterprises turn opaque supply chain emissions into measurable, manageable sustainability wins.

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