Watershed

Exciting news: we’ve raised a $100M Series C, led by Greenoaks, and with participation from Kleiner Perkins, Sequoia Capital, and other existing investors. We’re full speed ahead on our mission to accelerate the climate economy. We now work with companies that manage an estimated 479 million tonnes of carbon dioxide equivalent––more than the annual emissions of France. We’re proud to support them on their work to reinvent their businesses for a zero-carbon world. Read more about what we have in store for our next chapter >> https://lnkd.in/eDZXzCwS

"Creating a truly sustainable company has been part of our vision since the very beginning.” – Cameron Adams, Co-Founder & Chief Product Officer at  Canva In partnership with us, Canva is decarbonizing its supply chain by bringing a new solar project to the grid. Through an innovative Virtual Power Purchase Agreement (VPPA) that directly involves Canva’s print partners––which contribute to 30% of its carbon footprint––the company is setting a new standard for sustainable business. See how Canva is leading the way in corporate climate action 👉 https://lnkd.in/eZievDpt #ChangeClimateChange

Canva is taking bold steps to reduce scope 3 emissions and make a lasting climate impact. With our help, Canva is achieving: 🔹 A 16% reduction from their 2022 carbon footprint. 🔹 15,000 tons of CO2 avoided annually. 🔹 Positive impacts for local communities, including lower electricity bills, creation of new jobs, and access to clean power. Watch the full video to learn how Canva is leading by example and setting the stage for sustainable business practices across industries: https://lnkd.in/g-aVQKkP #ChangeClimateChange

Over the weekend, Governor Newsom signed the Climate Corporate Data Accountability Act (formerly SB253 and SB261), making regulated corporate sustainability disclosure the law of the land in California. The CCDAA will impact thousands of companies in and out of California, mandating disclosure of scope 1, 2, and 3 greenhouse gas emissions and climate-related financial risks. The CCDAA is aligned with the global trend of regulated sustainability reporting, evident in initiatives like the EU’s Corporate Sustainability Reporting Directive (CSRD). It’s an important step forward for the US: an effort to harmonize and improve the standards and rigor of climate reporting. The first companies to report under the CCDAA will do so beginning in 2026. Read more about how you might be impacted: https://lnkd.in/eHY5zGEx

What a powerful #ClimateWeekNYC! This year’s event brought together visionaries, innovators, and changemakers, all united in the belief that collective action is the key to solving the climate crisis. Here are some of our key takeaways from the week: 🔹 We're at a turning point. As shared by our Head Scientist and creator of CEDA, Dr. Sangwon Suh, "After 28 years working in this field, I'm more convinced than ever that the time to reverse climate change is upon us." 🔹 Action backed by data. Accurate data leads to real impact. Our launch of CEDA 2024 underscores the importance of reliable insights in driving meaningful change across global supply chains.   🔹 Conviction leads to change. Christiana Figueres reminded us that turning outrage into determination is how real progress happens. “The more outraged I am, the more determined I am.” The momentum from Climate Week doesn’t end here. Now, it’s about translating insights into results. Let’s channel this collective vision into climate action. See you next year! 👋🌿

🇦🇺 While Climate Week has understandably captured much of our attention, there was a big sustainability reporting milestone this month in Australia. Both politically and technically, the groundwork has been laid for mandatory climate disclosures, starting next year. Watershed's guide to the new Australian Sustainability Reporting Standards (ASRS) covers the details, but here are three key takeaways: 🚀 A game-changer for Australia’s net zero journey Over 6,000 companies will be required to disclose their climate-related data and risks. Many forward-thinking Australian businesses are already doing this, but these new standards will ensure consistency and comparability across the board. This benefits everyone — including companies already leading the way — by raising the bar on transparency and accountability. 🌏 A strong move towards global alignment The rules are one of the first to be based on the ISSB framework, rather than the TCFD’s older, lighter framework. That’s a big shot in the arm for the ISSB, strengthening its role as the new global baseline for sustainability reporting. It's good to see Australia aligning so tightly after initial plans to deviate in some key areas. 🙌 Regulatory clarity and pragmatism What might fly under the radar, but deserves attention, is the Australian regulator's (ASIC) roadmap for enforcing these rules. With detailed timelines, a pragmatic enforcement plan, and a focus on guidance and surveillance, companies can concentrate on improving data quality to drive better decision-making. It’s similar to the successful approach taken by the UK’s FCA. #sustainability https://lnkd.in/eTrSsAdY

This week, the Watershed Community gathered, stepping away from the hustle of #ClimateWeekNYC. It’s not every day that we get to bring a group of passionate sustainability professionals around a dinner table to share wins, tackle challenges, and collaborate on ideas for a more sustainable future. A huge thank you to our Head of Community, Vera DeVera for organizing this special event, and for everyone who joined us and helped make the night so meaningful—full of connection, inspiration, and collaboration.

My big takeaway from #ClimateWeekNYC: community is the heart of every climate solution. This week was a celebration of a diverse, extended climate community: activists, innovators, students, investors, scientists, artists, farmers. For many of us, "community" extends to all the lifeforms our planet sustains, and that sustain us. 🦈 🍄 🌲 🦉 🐛 🐝 Highlights: 🌱 Climate power-women Colette Pichon Battle, Jade Begay, and Ayana Elizabeth Johnson shared how their devotion to sustainability is rooted in community and place. "The only way we're going to make it through this next phase of our planet is together," Colette says in Ayana's new book, What If We Get It Right? (read it; it's amazing). 🌍 The indomitable Christiana Figueres—to whom we owe much of our current progress on climate change—shared how her outrage fuels her determination, with a reminder that "Carbon is not local." 🐧 Dr. Sangwon Suh, who's been working in climate for close to 3 decades, spoke about emperor penguins waiting for the sun after a long winter. We have the science, technology, regulation, and even economic incentives we need to change climate change. Now is the time—"my fellow emperor penguins!"—to come together and get it done. 💪 I got to spend time with Watershed customers who are doing the real work: helping their companies operate more sustainably, often against the odds. Working in climate can be lonely, scary, and overwhelming (also: exciting, challenging, rewarding). But when you're reminded of how many people are working alongside you to solve the same problem—that's the magic. 💚 Grateful to my extended climate community, and especially to the team of fabulous folks I get to work with every day: Amelia Penniman Vera DeVera Courtney Correll Chaves Kate Custus Meghan Keaney Anderson Bob W. Mallory Pickett Bob W. Rob Goodman Stephanie Suriyakam Rory Tokunaga (she/her) Chelsea Kaufman Julie Munro David Addison Tu-Anh Ha Christie Beeman. I'm so glad to be on this planet with you. 💚

Big news! We are incredibly proud that three of Watershed's own have been selected to contribute to the working groups updating the Greenhouse Gas Protocol (GHG Protocol): Ann Radil, Matt Konieczny and Sangwon Suh. We're honored to have your expertise at Watershed, and grateful to the GHG Protocol for putting your collective experience to such important use.

Thank you to all who joined us for our Watershed Climate Week Summit at #ClimateWeekNYC yesterday! A special shoutout to our remarkable speakers Christiana Figueres, Lisa Jackson, Salah Said, Nadja Koerner, Sangwon Suh, Taylor Francis, Christian Anderson—and, of course, to all of our attendees for making this event a huge success. We left feeling energized by the insightful discussions and insights that reminded us progress is not only possible—it’s actively happening. As Christiana said, "We are absolutely behind schedule. And at the same time, who would have thought, nine years ago, that we would be investing almost two times as much into renewables as we are into fossil fuels." ICYMI, we also launched our CEDA 2024 update, which brings refreshed data for 60,000 emissions factors from 400 industries across 148 countries and regions. You can find more on that here: https://lnkd.in/gUBBAEBm