Sustainable Development Goals > Prosperity

THE 2030 CALCULATOR

DOCONOMY, Stockholm / DOCONOMY / 2021

Awards:

Grand Prix Cannes Lions
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Overview

Credits

Overview

Background

Doconomy began in 2018 as a start-up investing in new measures to help tackle climate change by developing an ecosystem of financial tools to educate and drive positive change. Doconomy strives to bring about structural change by rewiring the financial system. It is our genuine belief that becoming conscious of the impact of our consumption can build a foundation for a new way of thinking.

Small and medium brands are held back from becoming impact transparent about their products due to complex and costly methods. There was a clear need for a new service enabling brands to calculate their product's carbon footprints, democratizing the ability to carbon label products.

The 2030 Calculator is a proactive initiative to democratize product carbon footprint calculations. Giving the upper hand to small and medium-size brands who want to challenge bigger brands by making sustainable production and low-impact products a competitive

Describe the cultural / social / political climate and the significance of the work within this context

People are starting to understand that everything we consume, being products, services, transportation, or investments, have two prices: One that we pay with money for the service provider and the other that the current service creation value chain on almost any industry, puts on the environment, society and therefore on our wellbeing.

Legislation and government systems will eventually do their part but citizen activism and environmental data provide us with the tools for creating new business models and logic that helps us all to take our everyday responsibility and create pressure with awareness on these burning issues.

Making these calculations has previously been a costly effort and only the bigger brands have been able to perform them. The 2030 Calculator is the first tool that allows brands to quickly and easily quantify the carbon footprint (kg CO2e) of the products they manufacture, using a common universal scoring system.

Describe the creative idea

The 2030 Calculator helps manufacturing brands to easily understand the carbon footprint of the products they produce. By becoming transparent regarding the carbon footprint of products brands enable consumers to make informed purchasing decisions, building trust and customer loyalty.

The 2030 Calculator is a proactive initiative to democratize product carbon footprint calculations. Giving the upper hand to small and medium-size brands who want to challenge bigger brands by making sustainable production and low-impact products a competitive edge.

The bottom line is carbon labeling need to happen now to make sure consumers can make more impact-aware purchase decisions.

Describe the strategy

The challenge was that until now, there was no standard methodology or tool that allowed for the calculation of the carbon footprint of specific products using a scoring system that allowed for the direct comparison of products across brands (and product categories). Other life cycle assessment methodologies are complex, time-consuming, costly, and not standardized.

The solution was developed to have a long-term impact as an open platform solution enabling all brands to access and share emission data.

The methodology is being extended to other product categories- from apparel to shoes, furniture, food & drinks, and consumer electronics and the platform will enable publishing product carbon footprint calculations to an open platform.

The bottom line is carbon labeling need to happen now to make sure consumers can make more impact-aware purchase decisions.

Describe the execution

The 2030 Calculator is the simplest and most efficient tool on the market, so simple that anyone can use it. We want to drastically lower the threshold of calculating a product's carbon footprint and create a standardized methodology for scoring carbon footprint calculations, allowing products to be comparable across brands and product categories. This also allows manufacturers to make more sustainable sourcing, manufacturing, and distribution decisions and enables consumers to make better informed and more sustainable purchase decisions.

The 2030 Calculator was developed to enable manufacturing brands to quickly and easily begin calculating cradle-to-gate carbon footprints of their products. It does not require specific subject matter what expertise – everyone can use the 2030 Calculator.

Product categories are supported by the 2030 Calculator:

Apparel / Shoes / Bags & Accessories / Furniture & Household Goods / Jewlery & Watches / Garden & Pets / Hobby & Crafts /

Describe the results / impact

Since its launch, it has been adopted by hundreds of companies from small start-ups to some of the largest multi-national global 500 enterprises from around the world and across all industries and product categories.

It has generated invaluable recognition for Doconomy in global media and from organizations such as the University of Oxford Net Zero Initiative, who wrote ’The 2030 Calculator has the potential to help thousands of companies with their required transformations to meet their climate targets and align with a global pathway to net-zero.’ with over +3000 calculation have been performed.

The 2030 Calculator is a proactive initiative to democratize product carbon footprint calculations. Giving the upper hand to small and medium-size brands who wants to challenge bigger brands by making sustainable production and low-impact products a competitive edge.

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