CO2 Lab

What Is CO2 Lab?

CO2 Lab is an AI-powered carbon accounting platform that helps businesses measure greenhouse gas emissions and prepare sustainability reports. It processes invoices, utility bills, financial transactions, and supplier records to calculate Scope 1, 2, and 3 emissions. The platform organizes this information in a carbon ledger, where sustainability teams can review calculations and supporting documents. Its AI Sustainability Analyst extracts information from different sources, classifies emissions, and matches activities with relevant emission factors. Users can review calculations before approving them for reporting.

What Is CO2 Lab Best For?

The platform stands out for its ‘Value Chain Visibility’ capability. When suppliers lack emissions data, the platform provides temporary access to its AI Sustainability Analyst to help them calculate their emissions. This allows businesses to gather supplier-level data for carbon accounting and sustainability reporting.

How Much Does CO2 Lab Cost?

CO2 Lab pricing starts at approximately $294/month, based on industry benchmarks for similar Governance, Risk, and Compliance (GRC) software. Actual costs may vary depending on business size, reporting requirements, integrations, and selected service levels.

However, the vendor offers the following plans at custom pricing:

• Getting Started
• Scaling Up
• Full Capability

In addition to the subscription fee, businesses implementing CO2 Lab should consider the following estimated costs:

• Implementation: $500–$2,000 (one-time), for initial setup, onboarding, and configuration
• Custom API Integration: $1,000–$3,000 per integration for connecting specialized apps
• Data Migration: $300–$1,500 (one-time) for transferring existing sustainability records and emissions data
• Additional Training: $200–$800 per session for employee training and platform guidance
• Custom Reporting And Consulting: $500–$2,000 per project for specialized sustainability reporting and advisory services
• Supplier Onboarding Support: $300–$1,000 per project for additional supplier data collection and onboarding assistance

Disclaimer: Pricing references are based on publicly available third-party information and industry benchmarks. Actual costs may vary.

CO2 Lab Integrations

The platform supports connections with the following applications and systems:

• Claude
• ChatGPT
• Xero accounting software
• NetSuite
• Microsoft Outlook
• Slack software

How Does CO2 Lab Work?

Here's how businesses can use CO2 Lab to manage carbon accounting and sustainability reporting:

• Log in or sign up to access the CO2 Lab platform
• Extract emissions-related information from invoices, utility bills, spreadsheets, and financial records
• Calculate Scope 1, 2, and 3 emissions using AI-powered data classification
• Match business activities with relevant emission factors from the platform's factor library
• Organize emissions data and supporting documents in a centralized carbon ledger
• Generate sustainability reports aligned with ASRS and other reporting frameworks
• Review audit trails that link emissions calculations to source documents
• Check uncertain calculations before approving them for reporting
• Collect emissions data from suppliers for Scope 3 reporting
• Compare emissions performance across reporting periods
• Connect accounting and communication systems to automate data collection
• Consolidate emissions data across multiple business locations
• Analyze emissions trends and prepare decarbonization proposals

Who Is CO2 Lab For?

CO2 Lab software supports businesses across industries that need to track greenhouse gas emissions and prepare sustainability reports, including:

• Manufacturing
• Fashion
• Food and Beverage
• Retail
• Logistics
• Construction
• Insurance

CO2 Lab Use Cases

We have identified several scenarios, based on CO2 Lab features and capabilities, where the software may be a suitable choice:

Manufacturing Companies Managing Emissions Across Multiple Facilities

Manufacturers often struggle to calculate emissions from fuel consumption, production processes, and energy usage across multiple facilities. CO2 Lab's process emissions tracking feature uses AI to extract data from fuel logs and production records and calculate emissions using industry-specific factors. It also documents the source and methodology behind each calculation, helping manufacturers review emissions data and prepare sustainability reports.

Food And Beverage Companies Managing Processing And Cold Chain Emissions

Food and beverage businesses often struggle to track emissions from cooking, refrigeration, and cold-chain distribution. CO2 Lab's AI Sustainability Analyst extracts energy consumption data from utility bills, calculates emissions from refrigerant leaks, and tracks emissions associated with refrigerated transportation. This helps businesses monitor Scope 1 and 2 emissions from processing operations and account for emissions across their cold chain.

Construction Companies Managing Material And Site Emissions

Construction companies often struggle to track emissions from building materials, equipment, fuel, subcontractors, and site electricity. CO2 Lab's embodied carbon tracking feature reads bills of quantities and applies EPD-specific factors to materials such as concrete, steel, and aluminum. It also processes fuel logs and subcontractor invoices to calculate site emissions, helping businesses prepare carbon reports across construction projects.

Insurance Companies Struggling With Manual Claims Data Collection

Insurance companies often handle large volumes of repairer invoices, claims payments, and supporting documents, making manual data collection time-consuming. CO2 Lab's automated data collection feature allows users to forward invoices and bills to a dedicated inbox or connect accounting systems such as Xero and NetSuite. It accepts PDFs, spreadsheets, and photos without requiring predefined templates, simplifying data collection for emissions calculations.

Is CO2 Lab Right For You?

CO2 Lab may be worth considering if your business spends too much time collecting emissions data and preparing sustainability reports manually. Its AI-powered carbon accounting tools automate data extraction, emissions calculations, and supplier data collection, reducing repetitive work. The platform also offers over 220 integrations through native connections, APIs, and AI browser agents, allowing businesses to collect information from their existing systems.

As Australia's mandatory climate reporting requirements expand, businesses need reliable emissions data and supporting documentation. CO2 Lab addresses these requirements by supporting reporting aligned with ASRS, AASB S2, GHG Protocol, and IFRS S2. Its built-in verification also records calculation sources, emission factors, and methodologies, helping sustainability teams review their data and prepare audit-ready reports.

CO2 Lab is trusted by companies such as Carla Zampatti, Lyka, The Dinner Ladies, 2nd Life, Zolo, Kernest, BPAY, and EFTPOS for carbon accounting, emissions tracking, and sustainability reporting.

Still unsure whether CO2 Lab software is a good choice? Call our expert staff at (661) 384-7070 for guidance.