IBM named a leader in ESG reporting and data management software by independent research firm

Unbiased analysis agency Verdantix lately recognized IBM as a frontrunner of their report, “Green Quadrant: ESG Reporting and Data Management Software” (July 17, 2023), which evaluated and offered an in depth evaluation of resolution suppliers and their product choices. The rigorous evaluation carried out by Verdantix included a complete 115-point questionnaire, two-hour stay demonstrations by suppliers and interviews with present ESG software program prospects. The viewers surveyed are those that are accountable for choosing, implementing and deriving worth from Environmental, Social and Governance (ESG) reporting and information administration purposes.

The report notes that the market panorama for ESG reporting software program and information administration software program has developed quickly over the previous three years, pushed primarily by elevated laws and curiosity from quite a lot of inside and exterior stakeholders. This has resulted in a proliferation of recent entrants to the market looking for to satisfy a variety of wants, together with gathering and managing giant quantities of information, making certain the info is audit-ready, enabling reporting on that information, and utilizing instruments and know-how to drive enterprise choices.

IBM has a powerful heritage in serving to purchasers all over the world use know-how like AI and superior analytics—together with the IBM Envizi ESG Suite and IBM Planning Analytics—to deal with their sustainability targets. IBM’s sustainability solutions present purchasers with an end-to-end resolution to handle ESG information, drive efficiency enhancements and handle reporting and disclosure necessities.

In reviewing IBM’s capabilities in ESG Reporting and Knowledge Administration, the Verdantix report notes that IBM has strengths in:

• Knowledge high quality management and enhancement, together with “easy-to-understand experiences to raised analyze information high quality. These embody incomplete information experiences to determine lacking or overlapping information at a granular degree – equivalent to by provider or location – instruments to automate the gathering of lacking information, and information well being checks that embody varied metrics like time sequence meter information.”
• ESG and sustainability efficiency, together with how “Envizi has explicit strengths serving to companies with long-term sustainability planning, together with monitoring internet zero pathways, permitting customers to set assumptions round development situations, and serving to prospects discover these situations to allow them to make higher choices in tips on how to allocate funding. As well as, IBM gives modelling capabilities by means of its Planning Analytics Answer, which makes use of AI and machine studying from the IBM Watson device to carry out what-if analyses and muti-variate forecasting.”

Corporations across the globe are utilizing IBM Envizi to simplify the seize, consolidation, administration, evaluation and reporting of ESG information, together with Growthpoint, an Australian actual property funding belief, and Melbourne Water, the Australian government-owned authority that protects and manages main water sources for the town.

This recognition of IBM’s strengths in ESG reporting and information administration software program enhances our management ranking within the Verdantix “Green Quadrant: Enterprise Carbon Management Software 2022” research. These two outcomes are welcome validation of our place as a frontrunner available in the market and encourages us to proceed on the trail to broaden our capabilities on this area and key functionalities of our choices.

For extra details about IBM Sustainability, please go to the IBM sustainability solutions.

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