Impact Statement 2022
Wattwatchers technology and data maximises the economic, social and environmental benefits from renewable electricity, sustainable buildings, and energy and carbon management.
Wattwatchers has ambitious aims for sustainability and our business. We enable low, zero and, ideally, net positive impacts for the economy, society and the environment through accelerating the smart and clean transition to a more reliable, renewables-led, affordable energy future.
This report, our second annual Impact Statement, builds substantially on our inaugural report published in 2021. The reporting period, covering the financial year ending 30 June 2022, has not been plain sailing. The current era features challenging operating conditions: global financial and geopolitical turmoil, with widespread supply chain disruptions, dramatic energy price surges, ongoing pandemic impacts, and international fallout from the war in Ukraine. More positively, it also has brought increasing Australian and global focus on climate action and Net Zero emissions.
Through our longstanding and still evolving focus on sustainability as part of our core business, and further exploration of our alignment with the UN Sustainable Development Goals (SDGs), over the past year the Wattwatchers team has deepened our understanding of our own pluses and minuses in impact terms. We also better understand the fragility of the human and natural systems in which we operate, and our exposure to them. We don’t just look forward to a Net Zero world well before 2050. We are proactively working to make it a reality. – Gavin Dietz, CEO, Wattwatchers
As a scale-up climate technology company, Wattwatchers is building a sustainably-profitable, growth-oriented international business centred on our digital energy platform, powered by our original hardware, compatible software, and the data we capture, store, analyse and productise.
…beneficial impacts every time we sell a solution for typical uses: energy saving, solar optimisation, measurement and verification, electrical load control, sustainability reporting, and more.
We’ve calculated that each device we sell contributes to approximately six times as many greenhouse gas emissions reductions as it causes.
…innovation opportunities that shift electricity grids towards digitally-enabled models that are clean, fair and affordable, and reliably distributed.
We’ve laid the product roadmap foundations for next generation devices and data-driven solutions that will carry our business into its third decade.
…data to empower electricity consumers—households, enterprises and communities—while also supporting the energy companies, markets and systems that serve them.
We’ve launched ‘energy data as a service,’ alongside hardware sales and subscriptions, supporting energy sector research and commercial innovation.
Creating positive climate impact
Wattwatchers is a solid climate performer, mitigating an average of 2.3 kg CO2-e for every dollar of revenue. Estimated 6 times* emissions saved versus emissions caused.
Net Positive: 860 kg CO2-e*
(Negative: 140 kg CO2-e)
* KEY ASSUMPTIONS: Total 1000kg emissions saved over 5-year operating life for an Auditor 6M energy IoT device by helping to optimise energy management across multiple use cases.
Wattwatchers supports the United Nations’ Agenda 2030 Decade of Action and its Sustainable Development Goals (SDGs), which recognise the interconnectedness of prosperous business, a thriving society and a healthy environment.
We’ve mapped our activities against the 17 individual SDGs, finding strongest alignment with seven of them (No. 8 has been added since 2021).
The full 2022 Impact Statement is available for download as a PDF. We’re constantly working to improve our reporting and methodology, so please let us know if you have any questions, or if there’s anything you think can be improved.