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- Climate technology now accounts for 14 cents of every dollar of venture capital, a 210 percent increase in investment year-over-year.
- In September, the UAE government raised its greenhouse gas reduction target to 31% (or 301 million metric tons of carbon dioxide equivalent) by 2030 in its updated Nationally Determined Contribution (NDC) to the Paris Agreement.
- Global industry and manufacturing account for nearly 30% of greenhouse gas emissions and are some of the most difficult areas to address.
The Surpluss is a new global platform developed in the UAE that provides a digital ecosystem where businesses can share their surplus resources to enhance sustainability and innovation, and increase competitiveness. It has successfully completed the beta testing phase with 100 companies in the UAE.
While various circular economy and industrial symbiosis solutions exist, founder Rana Hajirasouli used nature’s blueprint to design a framework that integrates artificial intelligence and collective intelligence into a unique bionic platform. Rather than standardizing on the entire ecosystem, the platform recognizes that there is no one-size-fits-all approach for companies with all challenges and needs. It celebrates incompatibility so that each participant can build their own journey to become more climate-smart.
Since all businesses have a huge role to play in creating a more sustainable future, The Surpluss aims to democratize access for organizations large and small. Currently, industrial symbiosis and circular economy solutions are not widely adopted, be it technological, technological, financial or lack of physical infrastructure due to high barriers to entry. In contrast, The Surpluss is simple and cost-effective. Companies can be onboarded and trained in 15 minutes to quickly gain a new perspective on pain points in their supply chain.
Businesses can share many resources, including surplus materials, production waste, knowledge, and time. To accelerate climate intelligence, businesses need to leverage existing resources to change their trajectories and achieve global goals. In the testing phase, 44% of companies are manufacturers of resource-intensive/heavy industries, 13% of service providers, 13% of general and scrap trading companies, 13% of textile companies, 11% of FMCG and 8% of miscellaneous . The inventory consists of 23% by-product inventory, 32% waste inventory, 26% residual inventory and 19% knowledge inventory. The waste list covers factory recyclables, and common packaging waste provides opportunities for upcycling. A total of 11,500kg of waste was diverted from the landfill to a secondary use over a two-month period.
Rana Hajirasouli, founder of Surpluss, explained: “When developing the platform, we initially focused on the resource-intensive manufacturing supply chain. However, during the pilot process, we recognized that we could leverage these experiences across a wide range of industries. We also saw , SMEs have fundamentally different requirements for sustainable development-related actions than large companies.
“We have been impressed with the results of our waste-to-value practice, and we have also received pleasing interest from the services sector, which we plan to grow by engaging expert sustainability consultants to support businesses in our ecosystem. In addition, We will welcome knowledge partnerships from the world’s leading universities. By providing a strong knowledge sharing ecosystem, we hope to enable our members to make a greater commitment to the UN Sustainable Development Goals, creating an exchange of Forum for best practices and thought leadership.”
Nesa R, CEO of Nomad, a fashion startup founded and run by women, shared her experience with the platform, “We wanted to discover more ways to make a difference and find sustainable solutions. But initially we Thought it wouldn’t be possible to use secondary materials, such as leftover textiles, as raw materials to create the entire collection. We then built a synergy with another brand within a few days, which saved them from adding hundreds of unwanted garments to landfill and allows us to “save 95% on purchase costs for wholesale orders. The environmental and financial savings are a huge benefit for our fashion collection and we will definitely be looking for more synergies in the future. “
Naveen L, sales manager at Trice Chemicals, another company involved in the pilot, added: “We never realized we could generate revenue from the company’s underutilized resources. The best thing about the platform is that it not only lets you share your It also gives you the option to share knowledge. We found new revenue streams and it also helps us reduce waste by diverting it from landfill.”
Surplus is based on an annual tiered membership model, with smaller companies paying lower costs, lowering barriers to entry, especially for SMEs.
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