Alliance with Climate Earth adds Scope 3 supply chain, procurement and indirect emissions measurement and reporting capability to EPS’ xChange Point real-time sustainability solution
Costa Mesa, CA – October 12, 2010 – EPS Corp today announced the addition of the Carbon Management Platform to its xChange Point® real-time sustainability solution. Offered in alliance with Climate Earth, this new product delivers Scope 3 carbon assessment capability to the EPS energy and carbon management solution, providing a comprehensive view of the total carbon footprint for large and mid-sized manufacturing companies.
xChange Point already enables manufacturers to view and understand energy use and Carbon Disclosure Project certified carbon emissions from fuel combustion and electricity (Scopes 1 and 2) in real time and creates solutions to significantly reduce them. This new product offering, through the alliance with Climate Earth, adds the ability to quantify and monitor Scope 3 carbon emissions from the “upstream” supply chain, including all emissions from raw materials through processing, and transportation to procurement.
By combining real-time energy management with the ability to quantify the total enterprise and supply chain carbon footprint of a corporation, the EPS Carbon Management Platform provides a powerful new management perspective for strategic decision makers. Additionally, it leverages the company’s financial data to highlight potential energy and carbon reduction opportunities so that executives can prioritize their sustainability initiatives for maximum results and regularly track the progress of these efforts.
Understanding Scope 3 emissions is important because procurement and supply chain activities can account for 70% to 95% of a company’s total carbon footprint. Yet until now, calculation of Scope 3 emissions has been extremely limited or prohibitively expensive, due to the extensive analysis involved. xChange Point’s new capability prioritizes the supply chain “hot spots” to address quickly, and also views and ranks the performance of suppliers, materials, product lines and facilities by carbon intensity or carbon per dollar of sales and revenue.
“We believe this new offering represents the most comprehensive carbon footprint solution for the manufacturing sector, incorporating products that are already working today for multiple Fortune 1000 companies,” said Jay Zoellner, President and CEO of EPS Corp. “The combination of xChange Point’s real-time Scope 1 and 2 component-to-enterprise carbon accounting data with the Scope 3 carbon management capability provided by Climate Earth on an enterprise basis is a truly unique offering in the carbon management market. It is a powerful tool to help companies achieve their sustainability goals on a continual basis.”
“Our integration with EPS through xChange Point is a breakthrough solution. For the first time, real time energy management and full enterprise and supply chain carbon management exist in a single system. Through a web-based interface, both energy and carbon are managed systematically,” said Chris Erickson, CEO of Climate Earth. “The system combines financial and environmental metrics enabling executives to set sound targets and manage the business more sustainably. It’s thrilling for everyone involved.”
About EPS Corp
EPS Corp is a leading energy intelligence company that develops and implements analytic, efficiency, and clean generation solutions for Fortune 1000 companies. The company’s integrated product and services suite is delivered using The EPS Way®, an innovative three-step process that maximizes energy and carbon reductions through financially compelling solutions. EPS delivers the right information – at the right time – to enable decisions that improve energy efficiency, reduce costs, and achieve sustainability goals. An accredited carbon calculation partner with the Carbon Disclosure Project, EPS was founded in 2001 and is headquartered in Costa Mesa, California. Visit www.epsway.com for more information.
About Climate Earth
Climate Earth provides turnkey environmental accounting, a bundled subscription for web reporting, automated calculation and expert support. Reports are tailored to the customers’ business and industry and automatically refreshed with quarterly financial updates. Carbon sources are viewed comprehensively and by materiality for developing strategic initiatives with maximum impact. All Climate Earth solutions are standards compliant and quantify carbon emissions across the full enterprise and supply chain. Visit www.ClimateEarth.com for more information.
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Forward Looking Statements
Certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements include words such as “enable,” “will,” “can” or words of similar import. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain known and unknown risks and uncertainties which may cause results to differ materially from those expected, such as potential delays in the project implementation process or other unanticipated delays that could disrupt our operations or cause delays in delivery of our solutions. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
xChange Point and EPS Way are registered trademarks of EPS Corp.
EPS MEDIA CONTACT:
Jerry Kornblau
+1 (866) 377-7834
jerry.kornblau@epsway.com
CLIMATE EARTH MEDIA CONTACT:
Frankie Ridolfi
+1 (415) 391-2725
frankie@climateearth.com