Ideagen, a leader in regulatory and compliance software, has announced a new strategic partnership with Emizio to create a new Carbon Accounting platform.
The AI-powered tool, known as Ideagen Carbon Accounting, takes the pain out of ESG reporting by streamlining emissions reporting to meet regulatory standards effectively.
Powered by generative AI, the platform offers businesses a comprehensive solution to streamline the carbon accounting process. It guides users through data collection, extraction, and calculations, ensuring audit-ready emissions results with efficiency and accuracy.
Ideagen Carbon Accounting simplifies data reconciliation, addressing common challenges in carbon reporting. Users can upload diverse datasets seamlessly, regardless of format, enabling quick and accurate carbon accounts.
The collaboration stems from the shared goal of addressing challenges faced by businesses in accurately reporting environmental, social, and governance (ESG) metrics.
Ideagen is renowned for its expertise in regulatory and compliance software solutions, catering to a diverse array of industries globally. With a commitment to providing clarity and confidence in regulated industries, it constantly seeks innovative ways to assist businesses in navigating the complexities of ESG compliance.
Emma Hayes, Chief Financial Officer at Ideagen, said, “Carbon accounting is complicated and meticulous. Meeting the regulations for greenhouse gas emissions requires many datasets from many different sources across a business. If you’re a multi-site organization that’s even more challenging. It increases the risk of misreporting and greenwashing accusations.
“It became clear that if our purpose is to provide clarity and confidence to regulated industries, then we needed to find a solution that helps businesses navigate the complexities of ESG compliance. But it needed to be innovative, efficient and easy for organisations to execute.”
Emizio’s is set to extend its reach and enhance its product development capabilities through the partnership, ensuring widespread adoption of the innovative carbon accounting solution. Led by Natasha Thakur and supported by climate strategy expert Alex Whyte, the partnership aims to empower businesses globally to achieve their ESG goals efficiently.
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