Project description
Software to measure companies' environmental impact
The environmental performance of companies has become a crucial factor for investment decisions worldwide. As a consequence, the biggest companies make themselves aware of the environmental impacts of their businesses and communicate their sustainability actions on the natural capital. However, there is still increasing need for an instrument that quantifies the environmental impacts of companies, facilitating the support of mitigation actions or compensating the impacts. Existing methods intending to survey or mitigate natural capital impacts don't offer integrated solutions. The EU-funded COUNTMITMENT project proposes an online software that allows companies and public administrations to estimate and compensate for the natural capital net debt due to industrial activity.
Objective
Important investment decisions are more and more dependent on companies’ environmental performance and the quality of companies’ external environmental reporting. Thus, the biggest companies around the world disclose their sustainability performance to some degree and listed companies worldwide are increasingly aware of their impacts on the environment. There is a clear need of comprehensive tools to quantify the impacts of companies on natural capital and to help companies mitigate or compensate such impacts, so they keep up with the high environmental reporting standards. Existing solutions oriented to measure and reduce natural capital impacts neither provide an integrated measurement of the impact in terms of ecosystem services nor bring support to improve environmental performance. These tools are usually focused in single sectors and work only at narrow spatial scales (e.g. UK, European). In addition, any of them incorporates natural capital net loss and ecosystem degradation measures and its economic, hindering a more sustainable decision-making To bridge the gap between decision making levels around no-net-loss of natural capital, we, Creando Redes, have designed COUNTMITMENT: an online software that enables companies and public authorities to calculate and compensate the natural capital net debt that every industrial activity in any place can incur COUNTMITMENT will have a deep impact in our company, as we estimate that it will yield a turnover of €7.12M cumulated profits of €2.85M 10 new direct jobs and a ROI of 2.01 three years after commercialization, reaching the payback during the second year.
Fields of science (EuroSciVoc)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
28019 MADRID
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.