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AllocNow is an agile and growing software company specializing in lifecycle assessment, data engineering, product design, software development, and cloud engineering. Founded in 2021 in Bonn, Germany, as a spin-off from 3con, AllocNow brings together interdisciplinary expertise from the chemical and process industries to develop innovative software solutions for sustainability transformation[1][5].
The core product of AllocNow is the Product Sustainability Platform, a comprehensive solution for the automated calculation and management of the environmental impacts of products. This platform enables companies to calculate and visualize the carbon footprint (PCF) and other environmental impact categories based on corporate data. It includes tools such as the Value Chain Visualization, the Contribution Analyzer for raw materials, and a Scenario Tool to simulate the impacts of changes on the environmental balance of products[3][4].
The mission of AllocNow is to empower customers to understand, manage, and communicate the environmental impacts of all their products. The company strives for a world free from negative environmental impacts of industrial manufacturing. Transparency, accuracy, and scalability are core values that guide the work of AllocNow[1].
AllocNow is committed to promoting sustainability and climate protection in the chemical industry. By integrating the TÜV Rheinland certified methodology from BASF and adhering to the Together for Sustainability (TfS) PCF Guidelines as well as the ISO 14044/67 standards, AllocNow supports companies in reducing carbon emissions and implementing a circular economy. The partnership with leading companies such as BASF and Covestro underscores the focus on industry-wide standards and the creation of a level playing field for the calculation and reporting of PCF data[2][3].
AllocNow has recently completed a successful global launch of the LCA solution for over 50,000 products with Covestro and secures its continuous growth through further funding rounds and the expansion of the leadership team. The company remains committed to advancing the sustainability transformation in the chemical industry and beyond[5].
With its innovative Product Sustainability Platform and strong focus on sustainability and transparency, AllocNow positions itself as a leading provider of software solutions for environmental accounting and management in the chemical industry.
