FourTwoThree, a smart climate action platform designed to support SMEs in transitioning to more sustainable operations, has officially launched with backing from major financial institutions.
The company has secured strategic investment from NatWest Group, National Australia Bank (NAB), and SC Ventures, all of whom have played a direct role in shaping and developing the platform.
FourTwoThree helps large institutions collaborate with their SME networks to measure, understand, and reduce their combined climate footprint. The platform is especially focused on Scope 3 emissions, which make up over 70% of an enterprise’s carbon impact and are notoriously difficult to track without coordinated action across the value chain.
The newly launched platform will enable banks, insurers, enterprises and governments to support SMEs in decarbonisation, with tools to automate carbon footprint assessments and offer personalised climate guidance. The platform is designed to integrate into existing enterprise systems and adhere to high standards of risk, security and performance.
Funding from the trio of institutions will support FourTwoThree in expanding its platform, enhancing technological infrastructure, and acquiring PointSource Technologies Pte. Ltd., a start-up developed within SC Ventures. PointSource specialises in helping organisations assess frameworks tied to green finance, regulatory compliance, and supply chain sustainability.
Built on Amazon Web Services (AWS) and developed in partnership with technology provider Valtech, the platform offers enterprise-grade capabilities, delivering credible climate data to support competitive advantage, risk mitigation and compliance.
“Climate action becomes possible when we make it accessible,” FourTwoThree CEO Glyn Baker said. “With regulatory, shareholder and customer pressure building on large enterprises we know that the demands on their SME networks are increasing. SMEs play a crucial role in the global economy, representing the majority of commerce, employment and GDP. We have the user data and engagement to enable those businesses to accelerate sustainable global transition. Connecting SMEs to better support, accessible financing and emerging climate innovation will simply make them better and more engaged customers, suppliers and employers.”
NatWest Group director of innovation and partnerships David Grunwald said, “The announcement of FourTwoThree reflects NWG’s commitment to collaborative innovation, bringing together a group of global partners to co-create a platform that is not only technologically robust but deeply attuned to the needs of SMEs. With this collaboration and collective understanding of the climate challenge, FourTwoThree will empower businesses of all sizes to take meaningful climate action, unlocking real commercial value across multiple supply chains.”
SC Ventures operating member Harald Eltvedt added, “When we started PointSource, our goal was to build something pragmatic and useful—something that helps bridge the gap between climate ambition and climate action. I’m proud of what the team has built, and even prouder to see it find a new home with FourTwoThree. This is exactly what we aim to do at SC Ventures: back bold ideas, build real solutions, and scale them with the right partners. With FourTwoThree, we believe PointSource can now reach the scale and relevance the climate challenge demands.”
FourTwoThree takes its name from the atmospheric CO2 level, 423 parts per million, recorded when the founding team first connected. The launch and acquisition are both subject to regulatory approval.
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