Plan A expands to Great Britain

The software start-up helps companies to reduce their CO2 emissions. It plans to open a branch in London next month.

Plan A wants to expand to the UK next month. The Berlin-based greentech wants to hire 100 business, climate and technology experts and create more jobs at its new London office.

"Our client base in the UK has grown rapidly in recent months and we continue to pursue ambitious growth targets in the UK," says Plan A Managing Director Lubomila Jordanova. "This is why we have decided to strengthen our local presence and set up a team in London," she explains. According to the start-up, previous clients include ApaxPartners and Albion Capital.

Founded in 2017, the start-up has developed software that helps companies optimize their environmental, social and governance (ESG) goals and non-financial reporting. To do this, artificial intelligence calculates companies' emissions and automates their CO2 reduction planning.

In the UK, the rules on sustainability reporting drawn up by the Task Force on Climate-Related Financial Disclosures (TCFD) have been in force since April. Companies of public interest such as banks, insurance companies and listed companies with more than 500 employees must provide standardized and transparent information on their ESG goals, climate-related risks and opportunities. Plan A's software platform already takes this into account. The start-up also wants to help British financial institutions to reduce their Scope 3 emissions - i.e. those that arise in the supply chain.