Earlier in December, Singapore-based Evercomm received The COP28 UAE TechSprint award for solutions that aim to address challenges in sustainable finance in the effort to scale up climate action.

In an email interview with e27, Evercomm CEO Chen Chiu-Hao (Ted) explains how winning this “significant achievement” will affect the company in the long run.

“As we set our sights on COP28, this accolade complements our global engagement strategy by boosting our profile on the international stage. It’s not just an endorsement of our work but also an invitation for global stakeholders to take notice of our capabilities beyond Southeast Asia. This award opens up conversations with international players and lays a foundation for strategic partnerships crucial to our expansion goals,” he writes.

“The prestige associated with this award propels us forward with greater confidence. It reaffirms our strategic direction and fuels our commitment to advancing our international expansion. This recognition will facilitate more accessible entry into new markets, attract top-tier talent, and potentially lead to favourable investment opportunities. Ultimately, the award accelerates our mission to drive sustainable change on a global scale.”

Evercomm harnesses smart sensor and machine learning technologies to provide data-based tools for decarbonisation.

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Founded by NTU graduates and headquartered in the NTU Innovation Center, it offers enterprise end-to-end energy management solutions, including energy data collection, data analysis and insights reporting. Beyond collecting data, it also checks its quality, sifting out unreliable information that may distort the authenticity of the report.

“We aim to address the critical issue of greenwashing in carbon-related disclosures, a prevalent problem that undermines climate change mitigation efforts. Our solution leverages advanced digitisation techniques for more accurate and transparent data collection and verification. This approach enhances the reliability of carbon emission disclosures and significantly streamlines the process,” Ted says.

“Our method is faster and more cost-efficient, enabling organisations to achieve internationally validated results in a matter of days, starkly contrasting to the traditional months-long timeframe. This rapid and affordable validation is crucial for organisations striving to meet global climate commitments.”

Taking part in climate action

Prior to founding Evercomm, the team behind the company had been working on analytics for sustainability in areas such as energy efficiency since 2013. It expands its offerings as customers’ requests come flooding in.

“Recognising this as a natural and strategic extension of our services, we embarked on an extensive research and development process. Our goal was to adapt and enhance our existing analytics frameworks to accurately measure and manage carbon footprints. This expansion to include Scope 1, 2, and 3 emissions was critical. It meant we could offer a holistic view of an organisation’s environmental impact, covering direct emissions, indirect emissions from purchased energy, and all other indirect emissions in the value chain,” Ted explains.

“By doing so, we have positioned ourselves to provide more comprehensive and actionable insights, helping clients make informed decisions in their journey towards reduced carbon footprints and greater environmental responsibility.”

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Evercomm has a user base that spans various sectors, including manufacturing, heavy industry, real estate, transportation and logistics, construction, agriculture, and data centres.

To engage clients from a wide variety of sectors, Evercomm goes beyond visualisation and reporting in its approach.

“We focus on delivering specific compliance reporting to ISO standards, complemented by digital verification, which resonates with the rigorous demands of our clients. Our emission reduction recommendation engine is a cornerstone of our offering, featuring thousands of equipment specifications, more than 50 proven emission reduction technologies, seamless data integration with a multitude of systems and protocols, and a unique thermodynamic/physics validation system for ensuring data accuracy to avoid garbage-in-garbage-out in AI,” Ted elaborates.

In acquiring potential users, Evercomm employs a multifaceted strategy.

“This includes targeted outreach to sectors where our solutions are most applicable, forming partnerships with key industry bodies, actively participating in relevant conferences and seminars, and showcasing our capabilities through detailed case studies and client testimonials,” Ted says.

“For a climate tech startup like ours, it’s crucial to demonstrate not just the technical robustness of our solutions but also their real-world impact and compliance capabilities. The evolving landscape of environmental regulations and the heightened focus on sustainability credentials necessitates a more nuanced and credibility-focused approach to user acquisition, which we continuously adapt and refine in our strategies.”

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The climate in 2024

Evercomm plans to focus on its strategic global expansion plan for the next year.

“The past year has seen us laying the groundwork in key Southeast Asian markets plus Japan and Taiwan, where we’ve identified significant growth opportunities and demand for our decarbonisation solutions,” Ted says.

“In line with this trajectory, the first quarter of next year is set to mark the inauguration of our first European office. This milestone is a testament to our growth and a strategic move to tap into Europe’s progressive climate policies and advanced sustainability markets. By being proximal to our European clients, we aim to offer more tailored services and strengthen our presence in a region pivotal to the global sustainability dialogue.”

In the next stage, by Q1 and Q2, the company will focus more on establishing a presence in the Middle East.

“Given the region’s increasing investment in various sustainability initiatives, the Middle East expansion is fascinating. Given its traditional reliance on fossil fuels, this move is designed to position us advantageously within a market with high potential for decarbonisation projects,” Ted closes.

“These strategic expansions are carefully selected to align with our commitment to providing localised support and services, understanding regional compliance and sustainability challenges, and enhancing our global reach. By executing this plan, we aim to significantly amplify our impact on international decarbonisation efforts.”

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Image Credit: Evercomm

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