As per ESG Today, Berlin-based Cozero offers CO2 management software to enable companies to measure and reduce operational and product-related emissions in order to meet sustainability reporting requirements, such as EU's CSRD.

Cozero's solution implements accounting, decarbonization and reporting software solutions to help companies measure, report and reduce their carbon footprint. The German company wants to help other enterprises manage their emissions in an easier and more efficient way, while addressing the issues that come with sustainability performance reporting.

Helen Tacke, CEO and Co-founder of Cozero, said that "climate management tools must evolve, allowing organizations to effectively measure and reduce their carbon footprint by linking climate actions to business impacts. Our Climate ERP provides a proven technology that facilitates seamless emissions management and a targeted steering of the company and its resources. This enables businesses to not only meet regulatory reporting requirements but also to transform their value chain and product offerings towards premium, low-carbon alternatives."

ERP or enterprise resource planning implies using a software solution that includes all the tools and processes that are required in order to run a company as efficiently as possible. This type of software can be used for HR, accounting and even sustainability.

Kvanted Ventures and ENV (EnBW New Ventures) led the financing round, which also saw participation from NewAlpha Asset Management, among other investors.