Buyofuel introduces a first-of-its-kind feature to help companies determine the impact of consuming biofuels

Buyofuel introduces a first-of-its-kind feature to help companies determine the impact of consuming biofuels

It is the first company in the biofuel sector to unveil a sustainability dashboard and visualize the meaningful impact created by using biofuels

India, 17th July 2023: Leveraging innovation and technology to promote clean energy adoption, biofuel marketplace Buyofuel has introduced its sustainability dashboard to help companies measure their positive environmental impact by using biofuels with greenhouse gas (GHG) accounting. Notably, it is the first company in the biofuels sector to have an innovative solution to quantify the environmental benefits of using biofuels and replacing conventional fossil fuels. According to the company, following a data-driven approach, backed by certification will act as an encouragement for individuals and companies to make informed decisions in their sustainability mission and achieve climate targets including net zero.

The first-of-its-kind dashboard by Buyofuel provides companies with valuable insights by measuring key metrics associated with biofuel usage. It is made with the help of renowned environment consultants who work in the ESG reporting and carbon footprint study. It follows globally recognized GHG protocols and provides easily understandable data showcasing the value of biofuels consumed, direct CO2 reduced by replacing fossil fuels, indirect CO2 reduced by diverting waste from landfills to energy chain, associated social costs of carbon, and others. With concrete data and insights, it encourages companies to recognize the positive impact of biofuels and encourages others to switch to clean energy sources for both environmental and financial benefits.

Speaking about this, CEO of Buyofuel Mr.Kishan Karunakaran said, “GHG accounting is one of the fundamental steps towards achieving sustainability targets including net zero but very few are aware of it. Being a responsible organization that focuses on innovation and technology, we believe this unique dashboard will enable us to bridge this gap. This is a powerful feature that lets companies track or measure the value they create by switching to biofuels via Buyofuel. We are confident that this will serve as a catalyst in accelerating the transition to clean energy sources and supporting companies to align their business operations with sustainability.”

The sustainability dashboard is a reflection of Buyofuel’s strong commitment to following an innovative approach to eliminate existing bottlenecks and achieve sustainability targets faster. The company believes this feature will act as an encouragement for many to essay their environmental responsibility by transitioning to clean energy like biofuels.

About Buyofuel: The primary vision behind Buyofuel is to create an empowering platform

for trading of Biofuel based commodities in a quick and secure manner, providing a

nurturing platform with verified buyers and sellers.

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