Stem, Inc. Sustainability Profile
Stem, Inc., a leading innovator in the energy storage and management sector, is headquartered in the United States. Founded in 2010, the company has established itself as a key player in the renewable energy industry, focusing on advanced artificial intelligence and machine learning solutions to optimise energy usage and storage. With a strong presence across major operational regions in North America, Stem offers unique products and services, including its proprietary energy management platform, which enables businesses to maximise their energy efficiency and reduce costs. The company has achieved significant milestones, including partnerships with various utilities and recognition for its contributions to sustainable energy practices. Stem, Inc. continues to solidify its market position as a pioneer in energy intelligence, driving the transition towards a more sustainable future.
DitchCarbon Score
How does Stem, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Stem, Inc.'s score of 31 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Stem, Inc.'s reported carbon emissions
In 2023, Stem, Inc. reported total carbon emissions of approximately 51.8 million kg CO2e. This figure encompasses emissions across all scopes, with Scope 1 emissions at 36,000 kg CO2e, Scope 2 emissions at approximately 52.0 million kg CO2e, and Scope 3 emissions at about 51.8 million kg CO2e. The breakdown of Scope 3 emissions includes significant contributions from purchased goods and services (approximately 49.2 million kg CO2e), business travel (728,000 kg CO2e), and employee commute (581,000 kg CO2e). Despite the substantial emissions figures, Stem, Inc. has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The company does not appear to have cascaded any emissions data from a parent organisation, indicating that all reported figures are derived directly from their own operations. As part of their climate strategy, Stem, Inc. engages in various sustainability initiatives, although detailed information on specific pledges or targets is currently unavailable. The company is committed to addressing its carbon footprint and contributing to broader climate goals within the industry.
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| 2023 | |
|---|---|
| Scope 1 | 36,000 |
| Scope 2 | 52,037,000 |
| Scope 3 | 51,776,000 |
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Stem, Inc.'s Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 95% of Scope 3 emissions.
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Stem, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Stem, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
