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Buyofuel Introduces Feature to Help Companies Determine Impact of Consuming Biofuels

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.

July 17, 2023. By Anurima Mondal

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, Buyofuel. CEO 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."

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Sustainable Transport