Professional services business KPMG has teamed with Context Labs to launch solutions aimed at helping firms measure and reduce their environmental footprints.
According to ESG Today, the alliance aims to help companies measure and reduce their environmental footprints using advanced climate data and analytics, enabled by machine learning, AI and distributed ledger technology.
Context Labs provides a family of technologies based on its enterprise data fabric platform, Immutably, which collects data from a wide of sources, from satellite images to enterprise systems, enabling the delivery of context-driven insights.
The two companies said the alliance will combine KPMG’s capabilities in environmental monitoring, analytics and reporting for customers across market sectors with the technology of Context Labs
These offerings, the firms claim, will support companies working to reduce environmental impact, analyse decarbonization efforts, and provide transparent and traceable data from investors, regulators and other stakeholders.
Context Labs CEO and founder Dan Harple said, “In 2022, KPMG U.S. made an initial investment in Context Labs. Since then, we have worked together to help companies improve the sophistication and rigour of their emissions reporting.
“I am excited to announce the establishment of this alliance with KPMG U.S, which will enable Context Labs’ technology to further bolster the integrity, veracity, and commercial value of our customers’ data, leveraging KPMG’s best-in-class capabilities to help enhance transparency around environmental reporting and disclosure.”
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