The core objective behind this collaboration is to equip businesses with the tools necessary to smoothly transition towards a net-zero future. In doing so, these companies will also be able to adhere to rapidly changing reporting standards.
Greenomy has carved out its niche as a premier SaaS platform, tailored for facilitating CSRD and EU Taxonomy reporting for corporate entities. Through the amalgamation of legislative codification, vast ESG data libraries, advanced Generative AI, and exhaustive corporate ESG data scrutiny, Greenomy’s Company Portal autonomously crafts detailed sustainability reports. With this state-of-the-art platform, organisations can drastically speed up their reporting endeavours, achieving an impressive 80% cost reduction as compared to manual techniques.
Meanwhile, ERM, with its profound expertise in implementing ESG disclosure standards and guidelines, ensures that organisations are equipped to satisfy rising reporting standards. They also help firms derive crucial insights into their environmental, social, and governance impacts.
With the CSRD’s insistence on double materiality disclosure and its expanded reporting obligations, corporate bodies are under intensified examination. It’s imperative for businesses to have solid systems in place, ensuring both compliance and consistent enhancement. Starting from their 2024 fiscal year, certain companies will have to align with the directive’s specifications, with this number anticipated to surge to about 50,000 come 2026.
Comprehensive ESG data remains a pivotal concern for firms. By harnessing data’s unparalleled potential, this alliance with Greenomy represents a pivotal way in which ERM aids its clientele in surpassing ESG reporting expectations and realising their sustainability objectives.
ERM’s EMEA Service Leader for Sustainable Operations, Onur Durmus, expressed, “CSRD is the first legal driver to gather high-quality sustainability performance data for companies by making it a mandatory disclosure requirement which investors can rely on for their investment decision making. It will transform decades of voluntary action into a mandated systematic space, where the quality of sustainability data needs to become as good as the quality of financial data disclosure.”
He further added, “Our partnership with Greenomy will ensure that we can help our clients to effectively gather and report ESG data at scale, while operationalising sustainability performance improvements.”
Alexander Stevens, CEO of Greenomy, stated, “Many new challenges have arisen with the CSRD for businesses in Europe and beyond. By working together with ERM, we look forward to enabling corporates to overcome these hurdles, facilitating their ESG reporting journey thanks to our AI-driven Greenomy Portal.
“With this partnership, we’re not only streamlining ESG data gathering and reporting, but we’re also driving tangible sustainability performance improvements for ERM’s clients and paving the way for a more sustainable future.”
Greenomy’s Chief Business Development Officer, Constance d’Aspremont, commented, “Our alliance will provide ERM clients with a powerful combination of ERM’s unmatched sustainability consulting expertise and Greenomy’s state-of-the-art AI-driven CSRD/EU Taxonomy solution. Together, we are well-positioned to enhance CSRD/EU Taxonomy compliance, making it more efficient, transparent, and accessible, thereby paving the way for a greener and more sustainable future.”
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global