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SEPTEMBER 24, 2024
Telesto Strategy Convenes Experts During Chicago Climate Tech Week to Offer New Ideas on How Companies Can Get to Net-Zero Faster and Cheaper
Telesto Strategy, in partnership with Climate Vault and Optiml, hosted a dynamic event during Chicago's Climate Tech Week, featured an expert panel discussion, technical workshop, and networking session focused on accelerating global decarbonization. Industry experts shared strategies, tools, and digital solutions, which sparked lively discussions and connected key players with a shared goal of getting to net-zero faster and cheaper
CHICAGO, IL, September 24, 2024 – Telesto Strategy, in partnership with Climate Vault and Optiml, proudly hosted an engaging event during Chicago’s Climate Tech Week in the heart of the West Loop, Chicago. The event brought together climate practitioners for a thought-provoking panel discussion, a technical workshop, and a networking session, all focused on driving pragmatic solutions for decarbonization. Industry experts explored the pressing question, “How can we achieve decarbonization today faster and cheaper?” by sharing actionable strategies and digital solutions.
The event sparked great enthusiasm, with attendees asking insightful questions. The energetic discussions continued well after the networking session into the evening as participants exchanged ideas and built connections and shared real-time problems facing their respective organizations.
Alex Kruzel, Telesto Strategy CEO & Founder opened the event with a provocative, counterintuitive prompt, “Yes, we are at a global high of emitting about 60 gigatons of GHG emissions annually. Yes, this number has been rising YOY and global annual emissions haven’t plateaued. Yes, we have coal power propagation across the global south, which will lock in emissions for several decades. Yes, we have seen a rolling back of emission reduction targets. And, yes, these are serious problems. That being said, rapid global decarbonization is not as hard as you might think.”
The technical panel explored this prompt in-depth by highlighting the role of AI and digital twinning solutions, which will surgically identify the greatest financial ROI potential for real estate decarb across a portfolio of assets. The panel also explored the barriers at the C- and board-levels in articulating a financially robust business case for more rapid decarbonization.
Telesto has taken a leading role in offering decarb solutions for Corporate Leaders. With its proprietary tool Parallax, Telesto provides rigorous, granular analysis to build an address-by-address understanding of how the greening of the grid and availability of renewables will impact an organization’s Scope 2 emissions. “Parallax empowers corporate leaders to make smarter, strategic decisions by forecasting grid decarbonization at a sub-regional level. Built on gold-standard data, it enables organizations to right-size clean energy investments and optimize financial resources,” says Ben Vatterot, a Telesto Partner.
“Creating this space for discussion around cost-effective decarbonization is critical to support the private and public sectors to take action,” said panelist Dr. Evan Petkov, CEO and Co-Founder of Optiml, a Net Zero real estate investment and renovation planning digital solution provider. “The time to act is now, and we need leaders like Telesto to drive change at the highest level.”
After the panel, Climate Vault CEO Jon Cohen utilized real-world examples to prove that climate change is a data problem: only by leveraging the right data can organizations take meaningful action. Next, he modeled the cost of climate mitigation across industries, looking at the societal impact and cost to credibly mitigate over time. Jon closed his discussion by inviting attendees to calculate their organizations’ costs to mitigate.
“Climate Vault is thrilled to be partnering with Telesto on our home turf to support Chicago’s Climate Tech Week. Our mission is to find ways to support our clients in taking immediate, tangible, brand-safe steps towards decarbonization to address the existential crisis caused by climate change,” said Jon Cohen, CEO of Climate Vault. “Digital solutions play a critical role in supporting those efforts by accelerating climate action. We couldn’t be happier to support organizations as they credibly meet their climate goals.”
To conclude the event, Alex reminded the attendees of Chicago’s historic role as the national sandbox for innovation and risk-taking, evening harkening back to the city’s ability to rebuild itself in two years after the Great Chicago Fire in 1871. “Even though today Chicago isn’t on fire, the Amazon is. We understand the urgency to decarb faster than we thought possible, and I ask that each of you do big and small things every day to add to the technical body of knowledge that will make decarb faster and cheaper for businesses globally.”
This event highlighted the Telesto Strategy’s commitment to building a broad climate tech community in Chicago and pushing technical boundaries in its field.
About Telesto Strategy
Telesto Strategy, a certified Women’s Business Enterprise (WBE), is an ESG-focused strategy consulting firm founded with a bold vision to support businesses and governments in the regeneration of the planet’s health, resources, and wellbeing. Telesto aims to achieve this ambition through its dual missions: (i) reframing how businesses, organizations, and countries can achieve enduring and inclusive growth, and (ii) redirecting corporate strategy to solve the biggest challenges of our time while delivering a positive ROI.
About Climate Vault
Climate Vault Solutions is a leading provider of sustainable technology solutions, dedicated to helping organizations measure, manage, and reduce their carbon footprint in the most credible way possible. Its integrated reduction and removal program leverages government-regulated compliance carbon markets to knock out carbon in days, not decades. This approach generates the environmental impact that today’s employees, stakeholders and customers care about and expect from organizations. With a commitment to innovation and environmental stewardship, Climate Vault Solutions empowers businesses to achieve their sustainability objectives and drive meaningful positive change for the planet. Learn more at www.climatevault.com.
About Optiml
Optiml is an ETH Zurich spin-off revolutionizing the decarbonization of real estate with a scalable software solution. The PropTech works with Asset Managers, Investors and Consultancies. Optiml’s AI-powered software creates transparency on renovation needs and risks (status quo), optimizes decarbonization and investment strategies for assets and portfolios, and creates actionable renovation plans per asset to ensure long-term compliance with Net Zero goals and to meet business requirements. The Solution reflects regulatory and individual company requirements to reduce CO2 emissions and costs while increasing property value. As a hybrid of PropTech and CleanTech, Optiml aims to bring numerous properties in the DACH region & UK, and then across Europe and US, closer to the Net Zero goal.
CONTACTS:
Kara Schiess
Marketing Manager, Telesto Strategy
kara.schiess@telestostrategy.com
