StepChange has customers ranging from financial services to FMCG, and boasts a suite of products covering carbon reduction, ESG compliance management, and supply chain-related carbon tracking2
Ankit Jain (Left), co-founder & CEO, with Sidhant Pai, co-founder & CSO of StepChange Image: Neha Mithbawkar for Forbes India
In a matter of about three years, Ankit Jain and Sidhant Pai have built their environmental, social, governance (ESG) solutions venture StepChange to where they can boast of customers such as the State Bank of India (SBI), Mahindra Group, Brigade Group, ICICI Bank and HDFC Bank.
The entrepreneur duo had first met at the Massachusetts Institute of Technology in the US but had gone one to pursue separate careers for several years. They met again in 2021 and saw an opportunity to develop a product that could help businesses take informed decisions on reducing their carbon footprint.
Today, StepChange has a suite of products covering carbon reduction, ESG compliance management, and supply chain related carbon tracking. The company also offers a dedicated set of solutions that financial companies such as banks and private equity investors can use to track the climate change impact of their loans and investments.
On the ESG and supply chain reporting front, “we’ve now been working with quite a few sectors including automotive, real estate, agriculture, FMCG, and electronics manufacturing,” Jain says.
With large services companies, for example, the decarbonisation focus revolves around their real estate assets, he says.
(This story appears in the 06 September, 2024 issue of Forbes India. To visit our Archives, click here.)