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2024 KCP Application
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Lockstep AI
Org Type
Undesignated
Project
Company
Financials
Customers & Partnerships
Primary Project Category:
Project Summary / Description:
Retailers squeeze suppliers with insane payment terms and there's no reliable way to control the carbon impact of a shipment (suppliers need money to operate and that 30% of GHG come from transportation) — Lockstep provides suppliers with immediate supply chain financing that rewards sustainable practices with better rates (i.e. the greener the shipment, the better the interest rate). We score everything that moves and use that to drive the interest rates for our loans -- which lets us turn trade finance into an ESG-investable asset class (supporting the $1.5tn trade financing gap while indirectly reducing emissions)
Regions of Operations:
Southeast Asia
South Asia
East Asia
Central Asia
Middle East
North America
South America
Eastern Europe
Western Europe
East Africa
North Africa
Southern Africa
Central Africa
Oceania
Caribbean
Other Countries
Best Estimate of GHG Avoidance/Reduction of This Project (Tonnes CO2 Equivalent/Year):
Sustainable Development Goals:
No poverty
Zero hunger
Health and wellbeing
Quality education
Gender equality
Clean water and sanitation
Affordable and clean energy
Decent work and economic growth
Industry innovation and infrastructure
Reduced inequalities
Sustainable cities and communities
Responsible consumption and production
Climate action
Life below water
Life on land
Peace and justice
Partnerships for the goals
Impact on Underrepresented Groups:
We provide capital to suppliers who are traditionally unable to receive it from other trade finance institutions (our cost of KYC/AML is MUCH lower than a traditional bank, so we are able to take on smaller clients)
Sub-Categories:
Renewables
Nature-based
Agriculture
Methane
Plastics
Built Environment
Energy Efficiency
Restoration
Biodiversity
Energy storage
Rural
Urban
Circular Economy
Oceans
Forests
Waste
Carbon Removal
Electric Transportation
Cooling Solutions
Technology
Advocacy
Biomass
Conservation
Clean Cooking
Environmental justice
Research or Economic Modeling
Measurement, Reporting & Validation
Communications
Website:
80 Great Plain Ave
Link: Facebook:
https://lockstep.ai