Technology & Data

AI Tool Supports ESG Reporting

Sustainability data management platform Sweep has launched generative AI-powered features to help companies simplify compliance with the EU Corporate Sustainability Reporting Directive (CSRD) and other regulations. The new features will drastically reduce the time needed to ingest millions of sustainability data points that can be required to comply with reporting regimes, Sweep said. The new capabilities on its platform will include: Sweepy, an AI assistant mapping out financial and impact materiality based on industry benchmarks, and automating non-financial data reporting and disclosures; AI-powered recommendations for emissions factors, tailored to specific business activities; and AI suggestions to resolve data input anomalies that could compromise compliance and audit processes. Sweep has also integrated Consequence – a startup specialised in creating AI tools to calculate and process large data sets “in seconds”. “CSRD and other ESG regulations are a hugely positive step in the right direction, but they are putting immense pressure on organisations to understand, gather and disclose their data accurately,” said Rachel Delacour, CEO and co-founder at Sweep. “By using AI, they can spend less time on collecting data and more time acting upon it, making reporting efficient and accurate, while better utilising sustainability professionals.” With a new AI team on board, Sweep said it planned to launch further AI tools and features over the coming months to continue building up its sustainability software. “Combining Sweep’s powerful data management platform with increased AI functionalities will accelerate data collection and reporting, and empower our customers to reduce their climate and environmental impacts,” added Sweep’s Chief Technical Officer, Yannick Chaze. Sweep is B-Corp certified and a member of the World Bank’s Carbon Pricing Leadership Coalition, France Invest and the International Emissions Trading Association. Its customers include L’Oréal, Lacoste and Hewlett Packard.

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top