Net Zero Compare
Updated by Onye Dike on November 22nd, 2025
StepChange is an ESG, carbon and climate-risk management platform for financial institutions and large enterprises in emissions-intensive sectors. It combines carbon accounting, ESG intelligence and scenario-based risk analytics in a single enterprise stack, allowing teams to measure operational, value-chain and financed emissions while tracking broader environmental and social metrics. Purpose-built data, decision and disclosure “engines” connect multi-source data ingestion with heat-map analytics and audit-ready reporting aligned with major global standards. This design helps sustainability, risk and finance teams link decarbonization, portfolio resilience and regulatory compliance across global portfolios and operations.

Available Carbon Accounting Features

AI-Powered Insights for Optimization
Audit Support
Carbon Footprint Calculation
Compliance Reporting
Customizable Dashboards
Customizable Reporting Templates
Data Import/Export
Emissions Factor Database
Emissions Forecasting
Goal Setting & Tracking
Lifecycle Assessment
Real-Time Monitoring (non-energy)
Risk Assessment & Scoring
Scenario Analysis for Emissions Reduction
Scope 1 Emissions Tracking
Scope 2 Emissions Tracking
Scope 3 Emissions Tracking
Supply Chain Emissions Hotspot Identification
Target Setting & Tracking

Missing Carbon Accounting Features

Benchmarking & Peer Comparison
Carbon Credit Trading
Carbon Offset Tracking
Carbon Pricing
Cost Tracking
Integration with IoT Sensors
Multi-Site Support
Tax and Incentive Management

Pricing

Starting Price
No data available
Options
No data available

Available Since

January 2022

Deployment Options

No data available

Good Option For

  • Small Business (11-50 people)
  • Medium Business (51-250 people)
  • Large Business (250+ people)

Deep dive


Core Features

StepChange is built as an enterprise sustainability data platform rather than a standalone reporting tool. Its data, decision and disclosure engines are designed to connect emissions, ESG and climate-risk information with analytics, scenarios and workflow tools used by sustainability, risk and finance teams. Its features include:

  • Integrated data engine – Supports multi-modal data ingestion, alongside anomaly detection, rule-based validations, custom metrics, audit logs and access to the StepChange Data Registry.

  • Comprehensive carbon management – Covers Scope 1–2, Scope 3 categories 1–14 and financed emissions across all PCAF asset classes, with options for custom emission factors and avoided-emissions estimation.

  • ESG intelligence and scorecards – Provides operational ESG, value-chain ESG (via integrated supplier surveys) and portfolio ESG scorecards, tracking a broad set of environmental, social and governance indicators, supported by materiality assessments and survey workflows.

  • Climate and nature risk analytics – Quantifies physical and transition risks across operations, value chains and portfolios, using IPCC and NGFS scenarios alongside custom scenarios, and delivering metrics such as climate adaptation and transition scores.

  • Automated reporting and disclosure – Offers global disclosure templates and a report builder for major frameworks, supported by an AI reporting assistant, maker-checker workflows, assurance interface, and collaboration tools

  • Enterprise integrations and security – Connects with 350+ enterprise systems and popular business tools, underpinned by SOC 2 Type II, ISO 27001/27017, SSO, encryption and network-security controls.

Closing Insights

StepChange has been built at the intersection of climate science, finance and data engineering. Co-founder Ankit Jain is an IIT Bombay alumnus and MIT Sloan graduate, while co-founder and Chief Science Officer Dr Sidhant Pai holds both undergraduate and doctoral degrees from MIT in atmospheric and climate science. Their advisory bench currently includes Dr Jason Jay, Director of the MIT Sloan Sustainability Initiative, and Dr Erez Yoeli, who leads the Applied Cooperation Team at MIT. StepChange is also backed by investors such as Flourish Ventures and Beenext

On the market side, StepChange is used by banks and conglomerates such as State Bank of India, ICICI Bank, HDFC Bank and the Mahindra Group to manage carbon, ESG and climate risk. Its recognition as the first accredited PCAF regional partner in the Global South underlines its role in financed-emissions measurement for India’s financial sector. At the same time, India’s regulators are introducing green-deposit rules and climate-risk disclosure frameworks and preparing binding climate-risk reporting for banks later this decade, signaling a structural shift toward quantified financed emissions and portfolio-level climate governance. StepChange’s own publications highlight how RBI and SEBI expectations are pushing institutions to adopt robust carbon accounting and align portfolios with net-zero goals.

As similar regulations mature across developing markets, platforms like StepChange that connect financed-emissions accounting, climate-risk analytics and disclosure are positioned to become key tools in day-to-day sustainable finance operations.


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