Olam Group has appointed Maya Hari as CEO of its climate-tech venture Terrascope. Headquartered in Singapore, Terrascope empowers companies to accurately and efficiently manage and reduce their carbon emissions through its smart carbon management platform. Hari reports to Suresh Sundararajan, CEO of Olam Ventures.
Hari joined Terrascope from Twitter, where she served as vice-president of global strategy and operations, and as vice-president and managing director of Asia Pacific (APAC). She brings to Terrascope 20 years of experience managing teams and leading international businesses with a robust track record in leading high growth mobile, data and commerce businesses.
“I’m thrilled to be joining one of the most promising climate-tech ventures today. Terrascope addresses a very real problem many companies face in their climate action strategies. While a growing number are commendably committing to net zero, most are unable to make a real impact because they underestimate the challenges in measuring, managing and reporting their data along the way. Terrascope simplifies that journey for them,” said Hari.
Reducing greenhouse gas (GHG) emissions has increasingly become an imperative for enterprises as they rethink how they run their business while being planet inclusive. The first step in this journey is measuring carbon emissions accurately. According to a Boston Consulting Group survey “Use AI to Measure Emissions—Exhaustively, Accurately, and Frequently”1, while 85% of organisations are concerned about reducing their GHG emissions, only 9% of organisations are able to measure their emissions comprehensively.
Terrascope addresses two key challenges companies face in their decarbonisation journey, namely the speed and accuracy of data collected; and capturing Scope 3 emissions, which is the indirect emissions across the value chain typically constituting the bulk of a company’s carbon footprint. Terrascope’s data science and machine-learning platform enables companies to do both while giving Management the ability to track progress through centralised dashboards to better chart their decarbonisation journey.
“We are seeing strong demand for Terrascope’s solutions and are delighted to welcome a strong and experienced leader like Maya to lead the business and to steer it to the next phase of growth. With Maya at the helm, I am confident Terrascope will grow from strength to strength and help more companies achieve their net-zero ambitions,” said Suresh.
Earlier this year, the company appointed Mathavan Arugalaimuthu as CTO of Terrascope. Arugalaimuthu has more than two decades of experience in the technology space and has previously held leadership roles at Yara International, GE and Autodesk.
The Terrascope platform powers Olam’s emissions measurement demonstrating clear improvements in accuracy and measurement cycles. The platform has subsequently completed multiple pilots across the food and beverage sector in the UK and Asia. The company is currently engaged in additional client engagements across different industry sectors.