ESG Impact (“ESGI”), a specialist ESG consulting firm, has introduced a groundbreaking technology to assist small and medium-sized enterprises (“SMEs”) globally in initiating their ESG strategy journey – ESG Reporting Intelligence (“ESGRI”). ESGRI’s extensive, hands-on consulting experience across various industries and regions has informed the development of this state-of-the-art strategy, reporting, and risk management solution.
James Cronan, ESGRI’s Managing Director, said, “Since the pandemic, we’ve witnessed a sharp increase in ESG strategy and reporting activity, which has become a focal point of the ‘build-back-better’ approach for corporates and governments. Our goal is to provide businesses of all sizes, budgets, and expertise levels with access to exclusive training and education. Our technology is available to any business globally at a starting monthly cost of $999 USD, which includes an Academy, coaching support, and a vast library of valuable ESG consulting workshops and educational seminars worth over $100,000+ USD.
Since our launch in April we have already onboarded a number of clients including listed and private businesses. It’s been exciting to hear from our clients how impressed they are with the range of ESG reporting and education problems we’re solving for them.”
ESG technology is an emerging field, with most providers being large consulting firms or niche tech companies that often fail to offer a comprehensive ESG suite of tools. ESGRI addresses this challenge by designing an efficient, cost-effective solution to simplify a complex issue.
The company plans to assess growth and expansion capital options in Q4 2023, targeting markets in the US, Europe, and Asia. Capital will be allocated to “Horizon Two” developments, involving three new ‘deep data’ modules supported by specialist consultants and advanced AI, Blockchain, and data management technologies.
About ESG Reporting Intelligence
ESGRI is a specialist ESG consulting firm with clients spanning Africa, Asia, Australia, and the US, and industries such as agriculture, professional services, investment management, banking, manufacturing, energy, technology, and mining. Their launched technology features modules that help clients establish robust ESG foundations and adopt best practices while utilizing 78 distinct risk frameworks for each sector.
The technology includes modules for carbon footprint, Sustainable Development Goals (“SDGs”), ESG risk management, governance (policies & procedures), ESG supply chain risk management, supplier ESG assessments, and board & management profiles. ESGRI is already working on “Horizon Two,” which will introduce three new ‘deep data’ modules supported by specialist consultants and cutting-edge AI, Blockchain, and data management technologies.
Future ESG-focused modules include Carbon Footprint Calculations, Scope 3 Carbon Footprint Analysis, Know Your Supplier (“KYS”), and Governance/Policy Management. These modules aim to enhance businesses’ and investors’ visibility of ESG risks and performance, utilizing artificial intelligence and distributed ledger technology for data monitoring and validation.
Some of the planned modules for the Horizon Two development are:
- Carbon Credit Trading Platform (“CCTP”): This platform will enable all businesses globally to access measured, verified, and reported carbon credits. Using distributed ledger technology, ESGRI aims to design a real-time carbon trading platform allowing businesses to offset and invest in a low carbon future, increasing the adoption, transparency, and functionality of the Voluntary Carbon Market.
- Know Your Supplier (“KYS”): This module will improve visibility and risk management practices for managing supply chains. AI-powered, real-time management of supply chain ESG risks will provide unique insights into suppliers. Businesses will be able to ensure all suppliers are compliant with organizational standards, ESG standards, and global/local regulations while having the data to identify emerging ESG risks and trends.
- Integrated Governance Management (“IGM”) platform: This platform will help organizations manage and report on internal Risk, Audit & Regulatory Compliance programs. An AI-powered content mapping platform will enhance understanding of the impact of new rules and regulations, identifying compliance or policy gaps, and implementing changes across the organization in real-time. Using natural language processing technology, the IGM platform will review extensive, complex reports within minutes and identify internal changes required for best practice policy and risk management.
- Scope 3 Carbon Footprint Analysis: This module will help businesses better understand their clients’ and customers’ emissions, as well as their suppliers’ emissions. By providing a comprehensive view of indirect emissions, businesses can make more informed decisions about their supply chains and develop strategies to reduce their overall carbon footprint.
In summary, ESGRI is offering an innovative, comprehensive solution to help SMEs around the world establish and maintain strong ESG strategies, reporting, and supply chain management. By making their technology accessible to businesses of all sizes and expertise levels, ESGRI is democratizing access to ESG tools and resources.
As the ESG landscape continues to evolve, ESGRI’s commitment to developing cutting-edge technologies, such as AI and distributed ledger solutions, ensures that they remain at the forefront of the industry. By focusing on expanding their offerings and targeting key markets across the US, Europe, and Asia, ESGRI is poised for growth and increased impact in the ESG space.
Phone: +61 407 667 658
ESGRI’s innovative approach to ESG strategy, reporting, and supply chain management for SMEs promises to simplify a complex issue, making it more accessible and understandable for businesses of all sizes. As the world continues to prioritize ESG factors, ESGRI’s technology and expertise will become increasingly valuable for businesses looking to stay competitive and resilient in an ever-changing global market.