To define this relationship more clearly, Greentech refers to technology that is considered environmentally friendly based on their production or supply chain process. Cleantech refers to companies or technologies that aim to improve environmental sustainability. Occasionally used interchangeably, both come down to the same thing; ensuring that technology is used to benefit sustainability in the most efficient and effective way possible.
These initiatives are embedded in a general push towards the development of products that are environmentally sustainable. For instance, the UK has said they will ban the sale of petrol and diesel-fuelled automobiles by 2030, and that hybrids will be banned by 2035. However it is not just the end product that needs to be more “green”, it is the whole value chain behind it that builds the final product. To continue with the automotive storyline- (cars being an obvious example of a flagrant pollutant and, according to government figures, account for a third of UK greenhouse emissions)- there has been a huge amount of pressure on the automotive industry to adapt and future proof their companies by making cars, trucks and other transport vehicles that can continue to be sold after the bans, and that have implemented sustainable processes throughout the supply chain.
Whilst this has pushed the production of EVs and the Lithium-ion batteries required to build EVs, there has also been a synchronized push to utilise clean and green technologies in the processes to build both. This is because, as Deloitte points out, whilst two-thirds of most companies’ emissions can be offset by switching to 100% renewable electricity, the other third is tougher because it’s spread throughout the value chain. As the saying goes, every little helps, and that’s the attitude companies have been taking to ensuring their processes are ESG compliant. Nestle, is a great example of this, and as a result of recognising the amount of their emissions that derive from freight, they have developed an app to take preventive measures and make freight more efficient- resulting in a 15% reduction of emissions.
Jose Castenada, VP of Business Development at Xos Trucks, said:
“At Xos Trucks, our mission is to build a cleaner, more sustainable world, and we’re doing so by electrifying one of the highest greenhouse gas emitters: commercial vehicles. Xos has built cost-effective, durable, zero-emission electric vehicles tailored specifically for commercial fleets.
Our vehicles achieve many of the same performance benchmarks as existing diesel vehicles––minus the harmful emissions that seep into our air. By switching to electric, trucking fleets can drastically reduce fuel costs depending on the utility and rate structure. We’ve had trucks on the road since 2018 and have supported other fleets like UPS, Loomis, and Lonestar to decrease their carbon emissions and take a stand against climate change. Alongside our customers and partners, we’re proud to move the world forward toward an electric future."
Not all companies are making the transition to CleanTech as easy as Xos. Tackling these more embedded and stubborn emissions is harder for companies to do because the solution tends to require a commitment to change existing processes rather than just energy sources. This involves using tech to incrementally make processes more efficient, using fewer resources and energy to do so. This is where DeepStream comes into the picture for companies looking to meet their Net-Zero emissions commitments.
DeepStream can be considered both Green and Clean technology because it is inherently environmentally friendly, using minimal resources, and facilitating other companies to take decisions to implement sustainable processes throughout their value chains. DeepStream does this by streamlining communication internally and externally, reducing time spent on email threads, spreadsheets and as a result reducing energy expelled and consumed in the tendering process. This happens incrementally as more of our partners' teams are brought onto the platform, and they invite their suppliers - reducing each company's carbon footprint in a domino effect.
By making the process of sending out tenders, requests, and completing document exchanges quicker, DeepStream users spend less time on their computers to complete the same tasks.
DeepStream does this by consolidating information that would usually be exchanged over email, in one place. The team permission settings facilitate transparency within your team and the Comments tab means that you can discuss events, messages, and documents within the platform. Further, our Template feature saves time sending out the same requests and means that the same workflow can be duplicated with a click of a button. This feature in particular has been a favourite with one of our EV partners: Xos.
Further, Deepstream’s Evaluation module empowers partners to make more sustainable decisions. The customisable Evaluation module allows users to enter whatever criteria they would like to assess their suppliers. These could include the sustainability of their internal processes, their locality, etc. This means that whilst improving their own processes, companies can also be encouraging their suppliers to do the same by making them aware of how they will be evaluated. Our Audit trail tracks all these events live, meaning that companies can keep a record of how decisions were made, and can download reports by clicking a button - saving manual time inputting details in a spreadsheet and enabling companies to hold themselves accountable for how they are making decisions.
The other thing about DeepStream that makes it unique compared to competitors in a similar space, is its low threshold and short implementation time. We believe in equalising companies ability to implement sustainable processes, which is why DeepStream can be used by businesses of any size. All that is required is an internet connection and a working browser. The World Economic Forum has documented how global economic disparities are placing a barrier to developing countries to implement processes because of the overhead cost. As their article is titled “clean energy transitions must be for the many, not the few”. That’s why we at DeepStream are trying to make our platform as accessible as possible to many because everyone deserves the opportunity to contribute to the well being of our planet.